Welcome!

News Feed Item

Vesselon Launches Effort to Bring Groundbreaking Stroke Treatment to Market

Placement Agent Spencer Trask Ventures Rallies investors to "Take Stock in Stroke"

NEW YORK, Aug. 4, 2014 /PRNewswire/ -- Vesselon, Inc. is a development stage company that is creating one of the world's first portable devices for the immediate treatment of ischemic stroke -- the most common type of stroke affecting 87% of patients. Vesselon has engaged private investment firm Spencer Trask Ventures, Inc. as its placement agent to market a private preferred round to facilitate development of this immediate and early stroke treatment. 

Vesselon's product is an ultrasound device that is intended to be used by paramedics in the field, professionals trained in advanced life support skills, and physicians in hospitals to treat stroke victims early.  The portable, noninvasive device is being developed to use non-imaging ultrasound, along with intravenous-administered microbubbles, to dissolve clots. 

"We believe our device can be compared to an ultrasound 'automated external defibrillator (AED)' for stroke," stated Clay Larsen, President, CEO and Co-Founder of Vesselon. "It will be designed to immediately treat ischemic stroke victims before or as they arrive at a hospital – critical because minutes matter to save lives and save quality of lives." 

Stroke has an enormous impact worldwide.  Annually it takes more lives than AIDS, malaria and tuberculosis combined.  Prolonged delay in restoring blood flow to affected areas of the brain after an ischemic stroke may result in severe or permanent incapacitation, paralysis, loss of speech or cognitive function.  Stroke is the leading cause of permanent disability in virtually every region of the globe.  

Standard recommended therapy today in developed countries for ischemic stroke is to use the drug tissue plasminogen activator (tPA) to dissolve a clot. A major limitation is that only about 5% of ischemic stroke patients receive tPA or any acute treatment, as most patients do not meet the strict criteria for tPA use. This means that 95% of ischemic stroke victims do not get any acute treatment.

"This has the potential to remake the whole stroke treatment field, to change the whole ballgame," said Dr. George C. Newman, chairman of the Department of Neurosensory Sciences and director of the Stroke Program at Albert Einstein Medical Center in Philadelphia.

Newman noted that where stroke is concerned, "time is brain," meaning that the quicker the victim gets treatment, the better the chances that brain function will be retained. For every minute left untreated, the brain loses 1.9 million neurons.

Rhodemann Li, Executive VP and Founder of Vesselon noted, "Just as AEDs now save cardiac arrest patients' lives, we believe our proposed portable, battery powered, noninvasive immediate ischemic stroke treatment has the potential to save lives, improve patient outcomes and reduce healthcare costs. This could have a tremendous impact not only in developed countries, but also in developing countries where the burden of stroke is particularly devastating. Since our technology does not involve an imaging device, expensive image acquisition equipment and interpretation training and skills will not be necessary for use by first responders." 

The technology is expected to take approximately four to five years to bring to market.

"There are no medical devices available yet for first responders to treat stroke," said Steve Wendler, CEO of Spencer Trask Ventures, the placement agent leading a Series A investment round for Vesselon. "Spencer Trask provides investment and intellectual capital to early stage companies through a network of private investors and business leaders and Vesselon is a prime example of important ideas we realize.  We are inviting accredited investors to 'Take Stock in Stroke'," added Wendler.

"Anyone who knows someone who has suffered a stroke understands that time is critical, not just to saving a life but to helping an individual recover, a process that is tedious, expensive, and not always completely successful," added Kevin Kimberlin, lead investor and Chairman of Spencer Trask & Co., parent company of Spencer Trask Ventures, Inc. "We are excited about developing this technology that will change the landscape of treatment for one of the world's deadliest diseases, and help change the world for the better."

About Vesselon:
Vesselon, Inc., a Spencer Trask venture, is a development stage medical device company seeking to transform ischemic stroke treatment.  We are developing a new immediate treatment platform that will use non-imaging ultrasound and a contrast agent of microbubbles to dissolve clots. Just as the introduction of the AED enabled first responders to save cardiac arrest victims' lives, we believe our device could reduce treatment time from hours to minutes and have the potential to save the lives of and quality of life for ischemic stroke victims.  

About Spencer Trask Ventures 
For more than 20 years, Spencer Trask Ventures, Inc. has united investors and entrepreneurs to build valuable companies that better the world. Our clients have invested more than $1 billion in start-up companies that went on to make significant advances in healthcare, technology and life sciences.

SOURCE Vesselon, Inc.; Spencer Trask Ventures, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
DevOps and microservices are permeating software engineering teams broadly, whether these teams are in pure software shops but happen to run a business, such Uber and Airbnb, or in companies that rely heavily on software to run more traditional business, such as financial firms or high-end manufacturers. Microservices and DevOps have created software development and therefore business speed and agility benefits, but they have also created problems; specifically, they have created software sec...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera M...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.