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Access Vascular, a medical device company reinventing venous access using proprietary material technology designed to reduce thrombus accumulation, announced that the Company has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its lead product, the HydroPICC™, a peripherally inserted central catheter, intended for long-term use. In pre-clinical testing, the HydroPICC demonstrated a 30x reduction in platelet count when compared with the current market-leading PICC.
“The FDA clearance of the HydroPICC catheter is an important milestone for Access Vascular and a critical step forward on our pathway to commercialization,” said James Biggins, founder, president, and CEO of Access Vascular Inc. “Today’s news is a validation of our team’s commitment to innovation and to addressing critical unmet needs in venous access. Our proprietary, unique technology does not flake or elude, and in vitro study results demonstrate our device’s ability to reduce thrombus accumulation as compared to currently available technologies. The reduction in thrombosis demonstrated in testing could have a significant and profound impact on the lives of millions of patients.”
Venous access devices are ubiquitous within the healthcare system. In the U.S., over 3 million PICCs are placed every year to deliver drugs or nutrition to patients. Along with the benefits comes the significant potential of complications arising from the placement of a long-term catheter into a small-caliber peripheral vein with multi-week indwell time. According to one study, 34 percent of PICCs placed will experience complications. These potential complications could significantly increase morbidity, hospital stay, and overall cost of care.
“The risk of catheter thrombosis is significant and can often trigger a cascade of events leading to further complications,” added Dr. Gary M. Ansel, System Medical Chief, Vascular Services, Ohio Health Heart & Vascular Physicians and Access Vascular Medical Advisory Board Member. “The proprietary technology used in HydroPICC addresses many of the issues that arise with current venous access devices. By reducing thrombosis on the catheter, we may be able to lessen the risk of complications associated with blood clots, potentially improve outcomes and lead to improved “valued care” by positively impacting healthcare costs.”
To meet the anticipated demand for the HydroPICC and to advance the development of a robust pipeline of venous access devices, Access Vascular is expanding its manufacturing and testing facility with an additional 4,000-square foot state-of-the-art lab and manufacturing space and growing the commercial and manufacturing teams.
ABOUT ACCESS VASCULAR’S PROPRIETARY BULK-HYDROPHILIC MATERIAL
Unlike current devices made from polyurethane, Access Vascular has developed a proprietary bulk-hydrophilic material that has a high water content and a neutral surface charge, while meeting the performance needs for a power injectable catheter. These features make it the ideal material for long-term implantable vascular access devices that markedly reduce thrombus accumulation on the devices. The proprietary material had been demonstrated through testing not to initiate the thrombosis cascade and therefore does not trigger the body’s thrombotic response.
BEDFORD, Mass. /PRNewswire/ — https://www.pharmiweb.com/pressreleases/pressrel.asp?ROW_ID=266053
For Further Information
More on the vascular access device market in the U.S. can be found in a series of reports published by iData Research, entitled the U.S. Market Report Suite for Vascular Access Devices and Accessories 2018. The U.S. market for vascular access devices and accessories includes implantable ports, port needles, central venous catheters (CVCs), peripherally inserted central catheters (PICCs), peripheral intravenous catheters (PIVCs), midlines, dialysis catheters, ultrasound systems, tip guidance devices, catheter securement devices, syringes, and needles.
The iData report series on vascular access devices covers the U.S., Brazil, South Korea, Japan, Australia, China, India, and 15 countries in Europe including Germany, France, the United Kingdom (U.K.), Italy, Spain, Benelux (Belgium, Netherlands, and Luxembourg), Scandinavia (Finland, Denmark, Sweden, and Norway), Portugal, Austria, and Switzerland. Reports provide a comprehensive analysis including units sold, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment. To find out more about vascular access device market data, register online or email us at firstname.lastname@example.org for the U.S. Market Report Suite for Vascular Access Devices and Accessories 2018 brochure and synopsis.