|By PR Newswire||
|August 4, 2014 04:25 PM EDT||
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."
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.
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Mar. 30, 2017 08:00 AM EDT Reads: 4,579
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
Mar. 30, 2017 07:15 AM EDT Reads: 469
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Mar. 30, 2017 06:00 AM EDT Reads: 3,150
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists l...
Mar. 30, 2017 05:00 AM EDT Reads: 10,105
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Mar. 30, 2017 04:45 AM EDT Reads: 3,373
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
Mar. 30, 2017 04:45 AM EDT Reads: 3,346
MongoDB Atlas leverages VPC peering for AWS, a service that allows multiple VPC networks to interact. This includes VPCs that belong to other AWS account holders. By performing cross account VPC peering, users ensure networks that host and communicate their data are secure. In his session at 20th Cloud Expo, Jay Gordon, a Developer Advocate at MongoDB, will explain how to properly architect your VPC using existing AWS tools and then peer with your MongoDB Atlas cluster. He'll discuss the secur...
Mar. 30, 2017 04:15 AM EDT Reads: 1,013
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Mar. 30, 2017 04:15 AM EDT Reads: 2,279
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Mar. 30, 2017 04:00 AM EDT Reads: 3,322
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Mar. 30, 2017 03:45 AM EDT Reads: 3,496
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
Mar. 30, 2017 02:15 AM EDT Reads: 4,167
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Mar. 30, 2017 01:30 AM EDT Reads: 2,667
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
Mar. 30, 2017 01:15 AM EDT Reads: 1,276
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
Mar. 30, 2017 01:00 AM EDT Reads: 8,361
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to max...
Mar. 30, 2017 12:45 AM EDT Reads: 778