What is the structure of Micropulse Systems?
- MicroPulse Systems is incorporated as a Minnesota Corporation.
What resources and IP does Micropulse Systems have?
- Two new patents have been granted for pad construction (US8051516, US8196239).
- MicroPulse Systems has pad prototypes faithful to the new patent in a small format.
- MicroPulse Systems has 300 complete original controllers
- New controller design has additional potential Intellectual Property and can expand to mobile care with battery operated unit.
What differentiates the Micropulse System from existing preventions and treatments?
- The Micropulse System is thin and stable enough for use, (approx 1⁄2” thick). All other alternating pressure options have very large cells (9” thick) that do not provide sufficient patient stability.
- The Micropulse System does not need to be deflated to perform CPR like large cell alternating pressure pads.
- The Micropulse System does not vent air like low-air loss systems.
- The Micropulse System requires much less power consumption than large cell alternating pressure systems.
- The Micropulse System has been proven effective in two clinical studies.
Why did the previous commercialization of Micropulse cease operations?
- Hospital developed injuries were still reimbursed by Medicare prior to 2008 so there was no incentive for prevention.
- Sales were Lease/rental only which was not appealing to care facilities who wanted to avoid recurring costs.
- Quality issues with pad construction.
- Current CMS reimbursement to hospitals at $600/month/patient for pressure ulcer therapy (capped at 10 months) was not available.
What investment was made in the previous commercialization?
- Privately held Company formed in 1996 as a Delaware Corporation.
- Invested over $7 million in initial research and development.
- Completed clinical studies proving safety and efficacy.
- Approval CE rated.
- Filed IP; initial patent issued Oct. 11 1989. What FDA requirements exist for manufacturing?
- FDA 510k file 880.5550 from the previous commercialization is attached to Micropulse Systems.
- The device class is exempt from 510K under CFRxxx.9 where xxx refers to parts 862 – 892.
- FDA requires a letter of intent to manufacture and quality controls for GMP (good manufacturing practice)
- An ISO certified manufacturing facility has been identified to meet FDA requirements.
Are there any opportunities for purchase orders for development units?
- Canadian health care officials stated that they have 221,000 patients at risk, and have expressed interest in purchasing units.
- 5 local hospital/care centers, have expressed interest in purchasing development units.