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
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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
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
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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)
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
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.
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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
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
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!
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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!
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