1:11 PM ET 3/18/11 | Marketwire
Allezoe Medical Holdings (OTCBB: ALZM) today announces that Organ Transport Systems is preparing for clinical trials of its LifeCradle(R) and that the company plans to begin with applications of its technology to donor heart preservation. Organ Transport Systems is a wholly-owned subsidiary of Allezoe.
Organ Transport Systems' LifeCradle(R) HR Cardiac Perfusion System is specifically designed for heart perfusion. LifeCradle(R) HR has already undergone eight years of pre-clinical research and experience. OTS and its research collaborators have conducted numerous studies regarding the application of perfusion/preservation technologies to organs beyond the heart, including livers, kidneys, and lungs and even perfusion solutions. These studies have been done in order to define the organ-specific requirements to extend viability and even resuscitate organs that would otherwise currently be discarded.
OTS's large team of collaborators includes organ procurement organizations ("OPOs"), transplant surgeons, as well as research scientists from major academic medical centers and institutes across the nation, as well as in Australia and Europe. Through this research collaboration network, OTS has been able to better define the optimal specifications for the LifeCradle(R) device that will enter clinical trials for donor heart preservation.
Organ Transport Systems, through its LifeCradle(R), aims to directly address the discrepancy between available donor organs and those actually transplanted, by improving the preservation technology. While 27% of all donated hearts are transplanted, only 9% of lungs are, which is problematic where the average wait time for an organ can be years. This shortfall is due to the limitations of the current method of organ preservation and transport, which severely limits the time for which an organ can be preserved at high quality and, consequently, the distance it can be transported to the recipient.
OTS has selected the heart as the first focus of its clinical trials due to the pressing need for heart sharing. Patients may become candidates for heart transplants in a number of situations where the heart has been irreversibly damaged by long-term heart disease or viral infection. Those who suffer from long-term heart failure, heart muscle disease, or other irreversible heart injury from coronary artery disease and multiple heart attacks that cannot be otherwise medically treated, may be candidates for heart transplants.
Organ Transport Systems CEO Michael Holder says, "By beginning with the heart studies, we can go head to head with one of the country's biggest killers- heart disease. We will also be able to set the pace and course for future studies on the applications of this technology to other equally vital and underused organ donations. There is no shortage of work to be done, and we are eager to move into the next phase of bringing this lifesaving technology to the market."
FORWARD LOOKING STATEMENT
This announcement is not an offer to sell any Allezoe ("ALZM") related securities. Offers for any given security are made only through applicable offering circulars and related documents filed with the SEC pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934. Certain statements contained herein and subsequent oral statements made by and on behalf of ALZM may contain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are identified by words such as "intends", "anticipates", "believes", "expects", and "hopes" and includes, without limitation, statements regarding ALZM's plan of business operations, product research and development activities, anticipated revenues and expenses and potential contractual arrangements and obligations. Also, our management may make forward-looking statements orally to investors, analysts, the media and others. Forward-looking statements express our expectations or predictions of future events or results. They are not guarantees and are subject to many risks and uncertainties. There are a number of factors beyond our control that could cause actual events or results to be significantly different from those described in the forward-looking statements. Any or all of our forward-looking statements in this report or in any other public statements we make may turn out to be wrong. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise.
Contacts:
Allezoe Medical Holdings, Inc.
Media Department
214-290-8031
media@allezoe.com
