Cincinnati Children’s Hospital Medical Center and Ben Gurion University (BGU) in Israel have jointly launched a start-up that aims to make it easier for clinicians to place a needle successfully when attempting vascular access.
Xact Medical is based on the Fast Intelligent Needle Delivery (FIND) System, developed through a research collaboration between Cincinnati Children’s and BGU. The technology extends and enhances clinical capabilities and control when placing a needle tip, significantly improving odds of successful vascular access on the first try.
“The fact that up to a third of central placement attempts in kids fail on the first try is unacceptable to us,” says Daniel von Allmen, surgeon-in-chief at Cincinnati Children’s and co-developer of the FIND System. “This technology can drastically reduce patient discomfort and procedure time while improving outcomes for children and adults.”
Xact Medical will start by focusing on central line placements in child and adult populations, with plans to eventually expand into additional markets such as biopsy. The start-up is currently tasked with testing its prototype and performing market research as it works toward FDA approval.
“I believe this technology has significant potential to improve patient outcomes while reducing costs to the healthcare system,” says Andrew Cothrel, CEO of Xact. “We are confident that with the institutional and financial support currently in place, Xact can meet its short- and mid-term goals as we move toward commercialization.”
Source: PR Newswire