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Paragonix Technologies, Inc., Announces Clinical Use of the Paragonix SherpaPak™ Cardiac Transport System in World-Renowned Transplant CentersParagonix Technologies, Inc., a Boston-based commercial-stage medical device company, announced today, a successful series of clinical use, of the Paragonix SherpaPak™ Cardiac Transport System (CTS (News - Alert)) at a leading Boston-based hospital and other world-renowned transplant centers in the United States and in Europe. The Paragonix SherpaPak™ CTS1,2 is intended for the transport of donor hearts destined for transplantation into a recipient patient. The device combines innovative cooling technology with safe, consistent methods for cold ischemic storage and transport of donor organs. Real-time reporting of preservation temperature allows for continuous monitoring of transport conditions of the donor heart; at completion of the transport, these data are downloaded to Bluetooth-enabled devices for record keeping and sharing among the transplant team. Recently, the first series of clinical use of Paragonix SherpaPak™ CTS for donor heart transportation and preservation took place at Massachusetts General Hospital (MGH) in Boston. "The handling, packing and shipping of donor hearts is a critical part of the transplant process," said David D'Alessandro, MD, surgical director for Heart Transplantation at MGH. "We are always looking for new ways to improve the preservation and monitoring of donor hearts, with a goal of continually improving patient outcomes." The Paragonix SherpaPak™ CTS (https://paragonixtechnologies.com/sherpapak-cardiac-transport-system/) has been utilized in both the United States and in Europe; in Europe, the device is currently marketed in the United Kingdom, Spain, Italy, Germany and Austria. Clinical use data of the device show it performs as intended for all currently experienced clinical scenarios, such as short and long distance transports, medically complex cases involving donor heart anatomical anomalies, aircraft and road transport, or utilization by large and small clinical teams. 100% of Centers with clinical use have reported on the ease-of-use and intuitive nature of Paragonix SherpaPak™ CTS. Bill Edelman (News - Alert), Chairman & CEO, for Paragonix commented, "We are thrilled to collaborate with MGH and others on the clinical use of Paragonix SherpaPak™ Cardiac Transport System. Since commercial launch of the Paragonix SherpaPak™ Cardiac Transport System in April 2018, we are proud to be supporting over 25 world-renowned Transplant Centers and we expect a similar number to be added before year-end. Our effective product implementation plan combined with a variety of clinical support tools tailored individually to each Transplant Center have resulted in sustained clinical utilization of Paragonix SherpaPak™ Cardiac Transport System: all Centers that have initially evaluated Paragonix SherpaPak™ Cardiac Transport System have committed to continued testing for ongoing heart recoveries and transports of donor hearts."
About the Paragonix SherpaPak™ and SherpaPerfusion™ Cardiac Transport
System According to The International Society Of Heart and Lung Transplantation ("ISHL") guidelines4 for the care of heart transplant recipients, the projected ischemic time should not exceed 4 hours5,6, limiting the distance available to transport a donor heart. The Paragonix SherpaPerfusion™ Cardiac Transport System combines innovative oxygenated perfusion of organs and safe organ storage with the ultimate goal of extending ischemic time to 12 hours, significantly altering the transportation range of donor hearts.
About the Cardiac Transplantation Market The annual US economic burden of treating heart failure exceeds $34.4 billion12, over 50% of which is due to the cost of hospitalization13. The financial demands associated with transplantation are considerable. The estimated first year costs for heart transplant are $997,700, and subsequent annual costs can easily exceed $30,00014. In the United States, around 30,000 people die annually from end-stage heart disease. As of February 2018, 3,990 patients in the United States are on the waiting list for a heart transplant15 and close to 4,000 patients in Europe are on the waiting list for a heart transplant every year16. In 2017, 3,244 patients in the United States17 and over 2,000 European patients received a live-saving heart transplant19. These data, however, only seem to represent the tip of the iceberg. Assuming that up to 157,000 people with end-stage heart failure are candidates for transplantation18, maximization of donor organ utilization has enormous potential in cardiac transplantation.
About Paragonix Technologies, Inc.
1 The Paragonix SherpaPak™ Organ Transport product line is
protected by patents, both issued and pending
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