June 30, 2017 (Ft. Lauderdale, Florida)
Precision Medical Devices, Inc. (PMD) just opened its second preclinical implant program test site at the research facilities within the highly regarded North Carolina State University’s (NCSU) Veterinarian College. The Company completed the implant of 2 devices by noted NCSU veterinarian Associate Professor, Dr. Chris Adin, without event. As of the initial follow-up review this last Tuesday, the canine subjects were recovering well and were begun on the scheduled automatic valve opening/closing routine. PMD’s patented Flow Control Device (FCD) represents unique, fully implantable remote-controlled and remote telemetrically-adjustable (via Bluetooth) technology that was designed to optimally treat the severest forms of urinary incontinence (UI); cases which were previously considered refractory by any currently approved device product or procedure. The opening of this new implant site at the NCSU veterinarian research facility represents several milestones for PMD, including opening our second implant site, being manned by a second implant team, with the further distinction of being our first implant site and implant team totally staffed by veterinarian-schooled personnel, which is a critical factor given our first commercial product iteration is expected to be introduced into the canine market. It should be noted that Dr. Adin is uniquely suited to direct this research as he is one of the foremost experts in the field of treating severe canine urinary incontinence (UI) as he previously invented, did the seminal research on, continues to use, and is the primary teacher for other veterinarians who want to implant the only currently in-use artificial urinary sphincter device for dogs while the NCSU veterinarian college is rated in the top-3 programs in the country (tied with Cornell University, Dr. Adin’s alma mater). It should also be noted that another very significant milestone associated with the new implants is that Dr. Adin and his team were able to perform the surgical implants with no major hitches only reviewing a slide deck produced by our former project director, Dr. Victor Politano, providing substantial evidence of how easy the surgical procedure is to do and teach. The two procedures were completed within 30-minutes each despite going through the learning curve of doing the implants from a slide-deck reference. The device technology is expected to also be able to treat other problematic human medical conditions, including; fecal incontinence, morbid obesity, GERDs and even ED using a specialized version of the product. The Company will provide further progress updates as warranted.