VCR ventracor limited

Ventracor trials to commence shortly

  1. 470 Posts.
    I imagine this one will start to move again as the time of trial commencement approaches....worth a punt IMHOP


    Sydney - Friday - November 8: (RWE) - Ventracor Ltd today
    announced it was planning to seek approval before the end of November to
    begin human implant trials of its VentrAssist heart assist device.
    Managing director and CEO Mr Michael Spooner told the annual
    meeting that Ventracor was in the final stages of collecting data to
    support its submissions to the Ethics Committee of The Alfred hospital
    in Melbourne, where the first series of implants would be performed.
    "Once the submission to the Ethics Committee is completed, we
    will work closely in support of The Alfred hospital and its surgical
    team, led by Professor Don Esmore, in preparing for the forthcoming
    clinical trial.
    "With the best currently available information and recognising
    that The Alfred team is responsible for the conduct of the clinical
    trial, it is expected that the lead-up process to commence human
    implants may take eight to 10 weeks," Mr Spooner said.
    "Ventracor has sufficient funds to undertake the Pilot Trial in
    Australia and to commence our global Pivotal Trial.
    "Ventracor is well positioned to improve the quality of life for
    hundreds of thousands of people worldwide suffering heart failure by
    obtaining a significant share of the massive heart assist market, which
    is expected to grow between $US7.5 billion and $US12 billion in the next
    few years", he said.
    Shares in Ventracor fell 1c to 81c.

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