Profile: MicroMed Cardiovascular Inc (MMCO.PK)
22 Aug 2008
MicroMed Cardiovascular, Inc. (MicroMed) is a development-stage company engaged in the research and product development of medical products. MicroMed operates through its wholly owned subsidiary, MicroMed Technology, Inc. (MicroMed Technology). The Company’s primary product is the DeBakey Ventricular Assist Device (the DeBakey VAD), a miniaturized heart pump. The Company’s operations involve the manufacture and distribution of the DeBakey VAD. It has received regulatory approval to sell the DeBakey VAD in Europe and is involved in a clinical trial in the United States. MicroMed sells its products through distributors internationally and has direct relationships with hospitals in its United States trials.
DeBakey VAD System
The DeBakey VAD system includes the DeBakey VAD, the Data Acquisition System (DAS), the Patient Home Support System, the DeBakey VAD Controller, the VADPAK and VAD system accessories. Clinicians use the DeBakey VAD DAS during surgery and while the patient is in intensive care. However, when the patients move out of intensive care or when they leave the hospital, the patient can plug in to the DAS occasionally to allow clinicians to adjust the speed of the pump and review all pump and patient parameters. The Patient Home Support System is designed to provide primary power to the DeBakey VAD after surgery and recovery during evening hours. In addition to providing power, it serves as a battery backup and charges up to four batteries on a first-in, first-out basis. The Patient Home Support System is approximately the size of a small portable cooler, weighs approximately 10 pounds and is equipped with a tether cable that connects to the DeBakey VAD Controller.
The DeBakey VAD Controller and two batteries are housed in the VADPAK. Together the VADPAK, the Controller and batteries weigh just over five pounds, helping to provide patient mobility and the ability to engage in most normal, everyday activities. The DeBakey VAD Controller operates the DeBakey VAD and displays key operating information about the pump, including flow rate, power usage and remaining battery life. Each battery will power the DeBakey VAD for approximately two to four hours, giving a combined battery time of approximately 4 to 8 hours. The DeBakey VAD Controller always uses the battery with the lower charge, thus preserving the battery with the highest charge. The DeBakey VAD system includes extra batteries and a separate charger (in addition to the charger in the Patient Home Support System).
The Company competes with Thoratec Corporation, World Heart, Berlin Heart, Jarvik Heart, Ventracor and Arrow International.
MicroMed Cardiovascular Inc
8965 Interchange Drive
HOUSTON TX 77054