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Insertable Scope Prototype

Published byHarriet Parks Modified over 9 years ago

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Presentation on theme: "Insertable Scope Prototype"— Presentation transcript:

1 Insertable Scope Prototype
Platform Imaging, LLC Development Stage Company Insertable Scope and Robotic Image Tracking Software for Minimally Invasive Surgery (MIS). Automatically keeps image centered in Field of View (FoV) during surgery. IP Licensed from Columbia University 7 patents, issued or pending Proof of concept demonstrated In-vivo animal studies Surgical Robot Tracking software option granted to Titan Medical, Inc. Seeking $5M to obtain FDA 510K Ball bearing for pan Tilt motor inside tube Camera lens Insertable Scope Prototype

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3 Cost Comparison Table $450/procedure $350/procedure Conventional MIS
Proposed Solution Initial Capital Expense None Maintenance & replacement – Capital Eq. Disposable Eq. Surgical Assistant Decontamination, sterilization, overhead $450/procedure $350/procedure scopes cost $3,500 and have a 3 year life span Based on 5000 Surgical Procedures per year using 12 Operating Rooms 3

4 Click screen for Video scopes cost $3,500 and have a 3 year life span
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5 Market Need / Opportunity
Market Size ~ $1 Billion Unmet Clinical Needs Proposed Solution Precise communication required to keep instrument in FOV Surgeon tires during surgery Communication with assistant leads to increased surgery time Expensive upfront and recurring capital costs Multiple trocar ports Image degrades with each use; requires re-sterilization Single depth of view Automated instrument tracking software maintains FOV Automated software reduces cognitive load on surgeon Eliminates surgical assistant No capital equipment investment, integrated with tablet Eliminates a single port site Disposable sterile scope, first use quality image every time Tilt and pan, picture in picture, zoom Mono camera first?

6 Insertable Scope Value Proposition
Conventional Scope $3500 purchase price per scope 25 uses or 3 year life span Handled by surgical assistant Requires tower with camera & lights ~100k Inter-procedure processing required: Cleaning, re-sterilization, preparation for next use NEW Insertable Scope Automated tool tracking software $350 per procedure cost First use quality image every time Disposable No inter-procedure processing required 2D and 3D camera available Works with all conventional instruments Picture-in-picture Zoom $135,000 Capital Equipment $3,500; package of 10 scopes scopes cost $3,500 and have a 3 year life span

7 Surgical Scope Competition / Strategic Partner Opportunities
Camera & fiber optics Storz Olympus Surgical Tools Stryker Covidien Ethicon Boston Scientific Welch Allen Conmed

8 Software Competition / Target Strategic Partners
Titan Medical, Inc. Platform granted exclusive option for use in SPORTTM surgical robot camera License fees and minimum royalty payments have been prenegotiated Collaboration in product development and FDA filings for advantageous tool development and FDA processing Recurring revenues from Titan will facilitate financing of insertable scope $4B growing to $20B by Market opportunity addressed with unique single port surgical system

9 Development Stage Company
Proof of Concept Bench testing – successful Proof of concept animal testing – successful Clinical publications Tracking Software Strategic Alliance Field of use – Surgical Robots IP Portfolio* License granted to Platform Imaging from Columbia U 3 Issued Patents 4 Patent Pending Applications on File Manufacturing/GMP Outsource negotiations in process *See Exhibit A for full listing

10 Regulatory / Reimbursement
510K - Predicate devices identified Rigid Laparoscopes Chip on Stick endoscopes Givens capsule Pre-submission meeting planned Reimbursement Diagnostic Related Group (DRG) – Flat rate reimbursement, regardless of costs, times, fees, etc.

11 Use of Proceeds $5M Investment to develop and commercialize insertable scope with automatic software tool tracking, HD 3D, PIP, and zoom features Cost (000) Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Prototype Development 150 o Software Development Compliance Documentation 50 Animal Clinical Units 100 Human Clinical Units 200 Regulatory Consultant Regulatory Submission to FDA x Marketing Clincial Trials 300 Manufacturing/QA 1000 Facility Fees Legal Fees Insurance Management Costs 750 KOL Marketing Support Finished Goods Inventory 625 Commercialization Marketing Support 800 Total 4925 O = Project Begins X = Project Estimated Completion Timeline begins with funding

12 Management Management and Directors:
Frank DeBernardis, CEO and President CO-Founder Nascent Enterprises, LLC 30 years medical device experience: cardiovascular, orthopedic, business development, strategic planning, sales/marketing Founder of numerous medical device start-ups 1993 Entrepreneur of the Year, New Jersey Life Sciences: Inc. Magazine Executive Vice President: Meadox Medical, Inc. Vice President Marketing and Sales: PhysioControl Sales Manager, National: Medtronic Peter Allen Ph.,D. Chief Scientific Officer Co- Inventor of Platform Imaging technology. Professor of Computer Science at Columbia University, Director of the Columbia Robotics Laboratory. He is the recipient of the CBS Foundation Fellowship, Army Research Office fellowship and the Rubinoff Award for innovative uses of computers. Current research interests include real-time computer vision, dexterous robotic hands, 3-D modeling and medical robotics. In recognition of his work Professor Allen has been named a Presidential Young Investigator by the National Science Foundation Dennis Fowler, MD,MPH Chief Medical Officer Co-Inventor of Platform Imaging Technology. Professor of Surgical Science and the Director of the Center for Innovation and Outcomes Research in the Department of Surgery an Columbia University. Pioneer in the field of endoscopic surgery, V.P. – Medical Director of Perioperative Services at New York Presbyterian/Columbia, and has been Director of the Minimally Access Surgery Centers in both New York and Pittsburg.

13 Summary $1B Laparoscopic Market Recognized market need
Strategic partner option Strong value proposition Low market entrance hurdles Experienced management Robotic software strategic alliance option granted

14 Frank DeBernardis, CEO and President
Contact Information Platform Imaging, LLC. Frank DeBernardis, CEO and President mobile

15 Exhibit A - IP Portfolio

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