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ContiPress™




Sense A/S
 DTU April 9. 2013

   Lars Lading
 LL@sense-as.dk
Topics

   ContiPress™: The problem and our solution
   Sense history
   How to succeed?
   Some general comments about venture capital and
    IPR
     IPR:
       •   The procedure
       •   What can you do yourself – and what not?
       •   About claims, descriptions, figures
       •   Publications and patents
     Venture Capital:
       • Do you really need it?
       • Consequences
   Summary

                                                      2
The Challenge




                3
Hypertension

 25% of world populations
  suffers from hypertension

 33%   of these are being
  treated

 1 out of 8 deaths are
  attributted to hypertension




                                4
Blood Pressure: Continuous measurements
are needed
   A strong need for continuous, non interfering blood pressure
    measurements: Ambulatory Blood Pressure Measurements (ABPM)
   No current commercial product satisfies this need
   First product focus is non-interfering 24 hours ABPM


                        SBPSleep
                Dip   1            100%
                        SBPWake            Unhealthy
     Pressure




                         Healthy

                 Waken                    Sleep


                                                       24 hours
                                                                  5
No interference!




                   6
Recommendations: Hypertension

NICE guideline 34: Hypertension, August 2011
1.2.3 If the clinic blood pressure is 140/90 mmHg
      or higher, offer ambulatory blood pressure
      monitoring (ABPM) to confirm the diagnosis of
      hypertension. [new 2011]
1.2.4 If a person is unable to tolerate ABPM, home
      blood pressure monitoring (HBPM) is a
      suitable alternative to confirm the diagnosis
      of hypertension. [new 2011]

- In line with extensive investigations on the value
       of continuous BP measurements

                                                       7
Cost-effectiveness of Ambulatory BP

Kate Lovibond et al, Cost-effectiveness of options for the
diagnosis of high blood pressure in primary care: a modeling
study. www.thelancet.com published online August 24, 2011
DOI:10.1016/S0140-6736(11)61184-7


“Ambulatory monitoring was the most cost-effective
strategy for the diagnosis of hypertension for men
and women of all ages”




                                                               8
Solution for
Blood Pressure




                 10
Continuous non-interfering
blood pressure

                     Disposable
                        patch/sensor band
                       Miniaturized
                        electronics for
                        excitation, collection,
                        processing, and
                        storage of data
                       Docking station for
                        data transfer and
                        charging
                       Dedicated software

                                                  11
Key Features

   Distension
   Stiffness
   No counter pressure
   No wire – or hose – connections to external devices
   Disposable patch: no cross-contamination
   The method is model based!

   Why is this not common practice?
   Because arterial distension is (has been) difficult to
    measure and
   Arterial stiffness has been almost impossible to measure
    at a single location


                                                               12
ContiPress   consists of four parts

Patch
                    2

1
                    3                          4
                                                   Control panel
                        Docking station
                         (Charging/Transfer)
Usage

        2   4

1




        3   5




                14
Graphical User Interface




                           15




                           15
Blood Pressure: How?

 Arterial distension (artery expansion
   with heart beat) from dynamic tissue
   response

 Arterial stiffness from Pulse Wave
   velocity

 The nonlinear stress-strain relation
   facilitates the mean arterial pressure
   from the pulse pressure and distension

Compare with a spring: If the increase in length (distension)
as a result of an unknown force (pressure) is measured then
the force can be calculated if the spring constant (stiffness)
is known                                                         16
The Circulatory System:
Pump, vessels, capillaries, organs




                         From: McDonald’s Blood Flow in Arteries




                                                                   17
The circulatory system
Most important:
  Transport (flow + content) according to needs: awake, work/rest,
   sleep
  Can the pump deliver according to needs?
  Can the vascular (arterial) system support flow and pressure?
What affects the functioning of the cardiovascular system?
  Psychological (white coat syndrome)
  Physiological
  Genetics, intake (salt), diseases + + +
What is measured?
  Pressure when flow is blocked (systolic)
  At a single point in time, in doctors office: a psychological and a very
   strong physiological impact on the subject (e.g. inflating a cuff during
   sleep defeats the purpose)

No current system complies with the need of continuous
and non-interfering blood pressure measurements.

                                                                         18
From ZYGOTE BODY




19
Anatomy




          MR images



                      20
Arterial stiffness

 Highly nonlinear




                         (Pressure)
 Central and periphal
  stiffnesses are
  different




                                      (Diameter)

                                              21
Pulse Wave Velocity

 A good indicator of the state of the cardiovascular
    system – in particular of arteries
   High velocity   large stiffness    fragile arteries

 Typically measured over large
    stretches, e.g. heart to wrist
   Velocity depends on:
    o   Stiffness
    o   Diameter
    o   Blood density
    o   Wall thickness


                                                          22
Pulse reflections are important

 At bifurcations
 At localized depositions




                                  23
Field Lines and tissue properties




   A simplified cross-section of an organ and the
   distribution of field lines
                  Bioimpedance: See e.g. S. Grimnes and Ø. G. Martinsen,
                  Bioimpedance and Bioelectricity Basics, AP Oxford 2008
                                                                           24
Electrical Impedance
A macroscopic quantity




                         25
Permittivity and refractive index

   The permittivity relates to a material's ability to
    transmit (or "permit") an electric field.
   Complex permittivity

                       ˆ   ´ i

   Refractive index

                       n     r   r



                                                          26
Electrical properties of tissue and blood

 Conductivities and permittivities are generally
    different for different types of tissues.
   They vary greatly with excitation frequency.
   Anisotropic.
      1.8
      1.6
      1.4
      1.2
                                                                        Conductivity, muscle [S/m]
       1                                                                Conductivity, blood [S/m]
      0.8                                                               Conductivity, skin dry
      0.6                                                               Conductivity, skin wet

      0.4                                                               Conductivity, fat

      0.2
       0
       1.00E+03 1.00E+04 1.00E+05 1.00E+06 1.00E+07 1.00E+08 1.00E+09
                                                                                                     27
Permittivity




               28
Impedance of a cross-section

 Finite element calculations
 Equivalent circuits




                                29
Sensor Band




              30
Pulse Pressure and Waveforms

30 year old healthy     20

young male
                        10
                          0
BMI = 24 kg/m2         10
SBP = 126 mmHg         20

 BP = 45 mmHg
                               112       113        114         115       116         117
                                                          Sec

62 year old female        40
                          20
BMI = 23 kg/m2         20
                           0

SBP = 182 mmHg          40
                         60
 BP = 85 mmHg                  5          6          7          8         9           10
                                                          Sec

52 year old male
                          20
                          10
BMI = 46 kg /m2        10
                           0

SBP = 186 mmHg          20

 BP = 62 mmHg            30
                               2          3          4          5         6           7
                                                          Sec

                                From a clinical study at Copenhagen Univ. Hospital:
                                Tine Willum Hansen et al. 2011                        31
Sense History




                32
Sense History

   Established in 2000: A device for monitoring amount
    and quality of milk to prematurely born babies during
    breast feeding. Technology principles developed, but
    potential investors did not beleive in market.
   2005: Similar technology for vascular transport
    monitoring: A new technology and a new application:
    Too much up-hill
   2006-7: Non-interfering blood pressure
   2008-9: A scheme identified and some very
    preliminary measurements (Innovation funding)
   2009: Vækstfonden decides to invest jointly with Seed
    Capital
   2010: Personnel hired (now 10 persons)
   2010-now: Product development, key itereations, QA
    and regulatory, clinical trials

                                                        33
Sense IPR
Patent appl.   Status       Priority   Importance    Action                             Freedom to
                            from       to Sense                                         operate
    WO         Pending      2006       Preventive    Rejected; A successful appeal is   Large
2007/000164                                          considered very likely
    A2
  WO2007       Granted in   2007       Small         Maintain in Europe                 Large, can be
  DK00553      Europe                                                                   affected by
                                                                                        RFID patents
PCT/DK2009/    Pending      2009       Preventive    Maintained at least until a        Large
  000241                               Protection    preliminary evaluation of 5 has
                                                     been given
               Not          2010       Substituted   Withdrawn before publication in    Large
               publicized              by 5 before   order not to become prior art to
                                       being         5
                                       publicized
     5         Submitted    2011       Protection    Submitted as a method              Very large
               Feb. 2011               Prevention

     6         In          2012        Protection    Impedance sensing methods -        Large
               preparation             Prevention    additional
                                                                                                     34
How to
succeed?




           35
How to succeed?
 There is no safe recipe!
 But a few things may help:
   A need
     • Existing
     • Potential
 A unique solution (not a ”me too” product)
 Market access
 Financing
 IPR
 Avoid dead ends
 Keep it small – but not too small!
 And luck!
                                               36
Device Challenges

 Market needs and trends
 Basic method
 Algorithms
 Electronics
 Patches
 Design (aesthetic) and usability




                                     37
38
Organizational Challenges

   Interdisciplinary
     Physics
     Electrical and mechanical
     Medical – needs, clinical methods, anatomy, and physiology
   Engineering competences
     Electronics
     IT
     Materials/mechanics
   Market
   Management
       Financing
       Accounting
       Regulatory
       Partnerships
                                                               39
IPR

 Time consuming
 Expensive
 Often frustrating
 But mandatory esp. for attracting venture capital
 Make it short!
 Claims and figures are most important
 Description should support claims but also
  contain material that prevents other applications
  threatening the freedom to operate.

                                                      40
Financing
   The valley of death
   Venture capital
       Preferable to avoid
       May strengthen milestones and plans
       You loose control
       There may be no other way
   Strategic partners
     May pay for development conditioned by
         • Full right to product
         • Right to marketing
         • Right of first refusal
   Self financing
     Slow growth
     Higher risk
     Potentially much higher return
   Crowd Funding

                                               41
External Resources

Medical
      Rigshospitalet (the major university hospital in Denmark)
      Odense Univ. Hospital
      Frederiksberg Hospital
Market
    Lundbeck
Technology
      DELTA, Electronics, Sound, and Optics
      Danish Technological Institute
      Technical Univ. of Denmark
      Univ. of Southern Denmark
      Ambu A/S
IPR and Legal
      Hegner and Partners
      Law Firm Bech-Bruun
A strong international network

                                                                   42
Summary

   Starting a company implies a lot of work, can be
    very frustrating
    but few other activities are more challenging
    and rewarding

   Market needs
   Idea: a relevant solution, novel, design and
    usability
   People: The right competences
   Money: Difficult with – impossible without!

                                                   43
Hale’s method
    for BP
measurements



                44

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Sense capital and ipr 1

  • 1. ContiPress™ Sense A/S DTU April 9. 2013 Lars Lading LL@sense-as.dk
  • 2. Topics  ContiPress™: The problem and our solution  Sense history  How to succeed?  Some general comments about venture capital and IPR  IPR: • The procedure • What can you do yourself – and what not? • About claims, descriptions, figures • Publications and patents  Venture Capital: • Do you really need it? • Consequences  Summary 2
  • 4. Hypertension  25% of world populations suffers from hypertension  33% of these are being treated  1 out of 8 deaths are attributted to hypertension 4
  • 5. Blood Pressure: Continuous measurements are needed  A strong need for continuous, non interfering blood pressure measurements: Ambulatory Blood Pressure Measurements (ABPM)  No current commercial product satisfies this need  First product focus is non-interfering 24 hours ABPM SBPSleep Dip 1 100% SBPWake Unhealthy Pressure Healthy Waken Sleep 24 hours 5
  • 7. Recommendations: Hypertension NICE guideline 34: Hypertension, August 2011 1.2.3 If the clinic blood pressure is 140/90 mmHg or higher, offer ambulatory blood pressure monitoring (ABPM) to confirm the diagnosis of hypertension. [new 2011] 1.2.4 If a person is unable to tolerate ABPM, home blood pressure monitoring (HBPM) is a suitable alternative to confirm the diagnosis of hypertension. [new 2011] - In line with extensive investigations on the value of continuous BP measurements 7
  • 8. Cost-effectiveness of Ambulatory BP Kate Lovibond et al, Cost-effectiveness of options for the diagnosis of high blood pressure in primary care: a modeling study. www.thelancet.com published online August 24, 2011 DOI:10.1016/S0140-6736(11)61184-7 “Ambulatory monitoring was the most cost-effective strategy for the diagnosis of hypertension for men and women of all ages” 8
  • 9.
  • 11. Continuous non-interfering blood pressure  Disposable patch/sensor band  Miniaturized electronics for excitation, collection, processing, and storage of data  Docking station for data transfer and charging  Dedicated software 11
  • 12. Key Features  Distension  Stiffness  No counter pressure  No wire – or hose – connections to external devices  Disposable patch: no cross-contamination  The method is model based!  Why is this not common practice?  Because arterial distension is (has been) difficult to measure and  Arterial stiffness has been almost impossible to measure at a single location 12
  • 13. ContiPress consists of four parts Patch 2 1 3 4 Control panel Docking station (Charging/Transfer)
  • 14. Usage 2 4 1 3 5 14
  • 16. Blood Pressure: How?  Arterial distension (artery expansion with heart beat) from dynamic tissue response  Arterial stiffness from Pulse Wave velocity  The nonlinear stress-strain relation facilitates the mean arterial pressure from the pulse pressure and distension Compare with a spring: If the increase in length (distension) as a result of an unknown force (pressure) is measured then the force can be calculated if the spring constant (stiffness) is known 16
  • 17. The Circulatory System: Pump, vessels, capillaries, organs From: McDonald’s Blood Flow in Arteries 17
  • 18. The circulatory system Most important:  Transport (flow + content) according to needs: awake, work/rest, sleep  Can the pump deliver according to needs?  Can the vascular (arterial) system support flow and pressure? What affects the functioning of the cardiovascular system?  Psychological (white coat syndrome)  Physiological  Genetics, intake (salt), diseases + + + What is measured?  Pressure when flow is blocked (systolic)  At a single point in time, in doctors office: a psychological and a very strong physiological impact on the subject (e.g. inflating a cuff during sleep defeats the purpose) No current system complies with the need of continuous and non-interfering blood pressure measurements. 18
  • 20. Anatomy MR images 20
  • 21. Arterial stiffness  Highly nonlinear (Pressure)  Central and periphal stiffnesses are different (Diameter) 21
  • 22. Pulse Wave Velocity  A good indicator of the state of the cardiovascular system – in particular of arteries  High velocity large stiffness fragile arteries  Typically measured over large stretches, e.g. heart to wrist  Velocity depends on: o Stiffness o Diameter o Blood density o Wall thickness 22
  • 23. Pulse reflections are important  At bifurcations  At localized depositions 23
  • 24. Field Lines and tissue properties A simplified cross-section of an organ and the distribution of field lines Bioimpedance: See e.g. S. Grimnes and Ø. G. Martinsen, Bioimpedance and Bioelectricity Basics, AP Oxford 2008 24
  • 26. Permittivity and refractive index  The permittivity relates to a material's ability to transmit (or "permit") an electric field.  Complex permittivity ˆ ´ i  Refractive index n r r 26
  • 27. Electrical properties of tissue and blood  Conductivities and permittivities are generally different for different types of tissues.  They vary greatly with excitation frequency.  Anisotropic. 1.8 1.6 1.4 1.2 Conductivity, muscle [S/m] 1 Conductivity, blood [S/m] 0.8 Conductivity, skin dry 0.6 Conductivity, skin wet 0.4 Conductivity, fat 0.2 0 1.00E+03 1.00E+04 1.00E+05 1.00E+06 1.00E+07 1.00E+08 1.00E+09 27
  • 29. Impedance of a cross-section  Finite element calculations  Equivalent circuits 29
  • 31. Pulse Pressure and Waveforms 30 year old healthy 20 young male 10 0 BMI = 24 kg/m2  10 SBP = 126 mmHg  20 BP = 45 mmHg 112 113 114 115 116 117 Sec 62 year old female 40 20 BMI = 23 kg/m2  20 0 SBP = 182 mmHg  40  60 BP = 85 mmHg 5 6 7 8 9 10 Sec 52 year old male 20 10 BMI = 46 kg /m2  10 0 SBP = 186 mmHg  20 BP = 62 mmHg  30 2 3 4 5 6 7 Sec From a clinical study at Copenhagen Univ. Hospital: Tine Willum Hansen et al. 2011 31
  • 33. Sense History  Established in 2000: A device for monitoring amount and quality of milk to prematurely born babies during breast feeding. Technology principles developed, but potential investors did not beleive in market.  2005: Similar technology for vascular transport monitoring: A new technology and a new application: Too much up-hill  2006-7: Non-interfering blood pressure  2008-9: A scheme identified and some very preliminary measurements (Innovation funding)  2009: Vækstfonden decides to invest jointly with Seed Capital  2010: Personnel hired (now 10 persons)  2010-now: Product development, key itereations, QA and regulatory, clinical trials 33
  • 34. Sense IPR Patent appl. Status Priority Importance Action Freedom to from to Sense operate WO Pending 2006 Preventive Rejected; A successful appeal is Large 2007/000164 considered very likely A2 WO2007 Granted in 2007 Small Maintain in Europe Large, can be DK00553 Europe affected by RFID patents PCT/DK2009/ Pending 2009 Preventive Maintained at least until a Large 000241 Protection preliminary evaluation of 5 has been given Not 2010 Substituted Withdrawn before publication in Large publicized by 5 before order not to become prior art to being 5 publicized 5 Submitted 2011 Protection Submitted as a method Very large Feb. 2011 Prevention 6 In 2012 Protection Impedance sensing methods - Large preparation Prevention additional 34
  • 36. How to succeed?  There is no safe recipe!  But a few things may help:  A need • Existing • Potential  A unique solution (not a ”me too” product)  Market access  Financing  IPR  Avoid dead ends  Keep it small – but not too small!  And luck! 36
  • 37. Device Challenges  Market needs and trends  Basic method  Algorithms  Electronics  Patches  Design (aesthetic) and usability 37
  • 38. 38
  • 39. Organizational Challenges  Interdisciplinary  Physics  Electrical and mechanical  Medical – needs, clinical methods, anatomy, and physiology  Engineering competences  Electronics  IT  Materials/mechanics  Market  Management  Financing  Accounting  Regulatory  Partnerships 39
  • 40. IPR  Time consuming  Expensive  Often frustrating  But mandatory esp. for attracting venture capital  Make it short!  Claims and figures are most important  Description should support claims but also contain material that prevents other applications threatening the freedom to operate. 40
  • 41. Financing  The valley of death  Venture capital  Preferable to avoid  May strengthen milestones and plans  You loose control  There may be no other way  Strategic partners  May pay for development conditioned by • Full right to product • Right to marketing • Right of first refusal  Self financing  Slow growth  Higher risk  Potentially much higher return  Crowd Funding 41
  • 42. External Resources Medical  Rigshospitalet (the major university hospital in Denmark)  Odense Univ. Hospital  Frederiksberg Hospital Market  Lundbeck Technology  DELTA, Electronics, Sound, and Optics  Danish Technological Institute  Technical Univ. of Denmark  Univ. of Southern Denmark  Ambu A/S IPR and Legal  Hegner and Partners  Law Firm Bech-Bruun A strong international network 42
  • 43. Summary  Starting a company implies a lot of work, can be very frustrating  but few other activities are more challenging and rewarding  Market needs  Idea: a relevant solution, novel, design and usability  People: The right competences  Money: Difficult with – impossible without! 43
  • 44. Hale’s method for BP measurements 44

Editor's Notes

  1. Continuous No-interference Peripheral vs. Central Individualized vs. General