Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
PolyTouch Medical Ltd. Receives FDA Clearance to Commercialize PatchAssist(TM) - an Innovative Surgical Instrument Intended to Facilitate the Delivery of Soft Tissue Prosthetics During the Laparoscopic Repair of Soft Tissue Defects
MISGAV, Israel, June 21, 2010 /PRNewswire/ -- PolyTouch Medical Ltd., a
leading developer of laparoscopic soft tissue prosthetic placement
technologies, today announced that it has received broad FDA 510(k) clearance
to commercialize PatchAssist(TM). PatchAssist is an innovative laparoscopic
surgical instrument that enables accurate and rapid delivery and placement of
soft tissue prosthetics for a variety of procedures, including laparoscopic
ventral hernia repair (LVHR).
PatchAssist(TM) is a stand-alone surgical device that is compatible with
all currently commercialized soft tissue prosthetics. PatchAssist enables
surgeons to rapidly deliver and position soft tissue prosthetics over the
defect potentially reducing operation time by 30% - 50%.
Arik Levy Founder and Chief Technical Officer of PolyTouch commented,
"PatchAssist is compatible with all currently commercialized soft tissue
prosthetics, a technically challenging design requirement. We are pleased
that the FDA has granted broad commercial clearance to PatchAssist."
"We are thrilled to have reached this value-creating milestone with the
FDA clearance of PatchAssist," said Ofek Levin, CEO and Founder of PolyTouch
Medical. "According to the Millennium Research Group, surgeons will perform
over 160,000 laparoscopic ventral hernia repair (LVHR) procedures this year
in the U.S. We believe PatchAssist has the potential to shorten the procedure
time for all these cases." Mr. Ofek continued, "Clinical and commercial
interest in PatchAssist is extremely high. Recent clinical surveys conducted
during the American Hernia Society Congress in Orlando, suggests that nearly
half of surgeons performing LVHR will switch from current to alternate soft
tissue Prosthetics if offered with PatchAssist. We are currently considering
a number of strategic options to commercialize PatchAssist."
Karl A. LeBlanc, MD, MBA, FACS, a member of the PolyTouch Medical
Advisory Board and Clinical Professor of Surgery, Louisiana State University
School of Medicine, commented: "PolyTouch has been working very diligently to
produce a product that fills a need that surgeons have long desired. The
PatchAssist Device represents a first step in the technology of PolyTouch.
This device will greatly enhance the repair of ventral and incisional
hernias. It will make the introduction, manipulation and fixation of any
prosthetic material that will be used in the repair of these hernias much
easier. The FDA 510(k) represents an acknowledgement that this laparoscopic
instrument will benefit the surgical technique but most importantly, the
patient. It will ultimately save costs because the time saved with the use of
the PatchAssist will be significant."
David Earle, MD, FACS, a member of the PolyTouch Medical Advisory Board
and Assistant Professor of Surgery, Tufts University School of Medicine,
commented: "When I first saw the device, I was intrigued. It had the
potential to really improve the way both specialists and general surgeons
perform laparoscopic hernia repair. When I first used the device, I was
convinced."
As previously reported, PolyTouch announced on April 26th, the
appointment of Karl A. LeBlanc, MD, MBA, FACS, as Medical Advisor.
PolyTouch announced April 12th, the appointment of Morris E. Franklin
Jr., MD, FACS, as Medical Advisor.
On January 25th, PolyTouch announced the appointment of William Edelman
as Chairman of the Board.
About PolyTouch Medical Ltd.
PolyTouch Medical was founded in March 2009 and is located in the Misgav
Venture Accelerator, Israel. PolyTouch is a portfolio company of The
Trendlines Group's (http://www.trendlines.com) Misgav Venture Accelerator
(http://www.misgav-venture.com). PatchAssistTM is an innovative laparoscopic
surgical instrument that enables accurate and rapid delivery and placement of
soft tissue prosthetics for a variety of procedures, including laparoscopic
ventral hernia repair (LVHR) potentially reducing procedure time by 30%-50%.
PolyTouch plans to introduce the PatchAssistTM device into the U.S. market in
the beginning of 2011.
Ofek Levin, Founder & CEO
PolyTouch Medical Ltd,
Email: ofek@polytouch-med.com
Phone: +972-72-260-7066