Project title: INTRA-VENOUS CATHETER

Company name : FLEXICATH LTD.

TECHNOLOGICAL FIELD
Life Science, Medical Devices

KEY WORDS
Intravenous Catheter, IV
Therapy, Intravenous Therapy, Intravenous Catheters

PROJECT SUMMARY
Intravenous therapy is a procedure that delivers fluids and
medications to the patient through a hollow tube inserted into
the patient's vein. The procedure enables the delivery of
required therapeutic agents directly into the blood stream,
allowing optimal and immediate results. The port of entry is the
intravenous (IV) catheter, inserted peripherally into the vein.

There are currently two types of IV catheters in common use:
* Simple short-term catheters that are used for periods of up to
three days and then replaced. The use of these devices often
causes phlebitis (chemical inflammation) of the vein and, over
time, can profoundly damage the veins.
* Long term venous catheters that are commonly used for periods
of longer than one month. These are expensive, require
complicated insertion procedures, and sterile surroundings.

Currently, there is no simple solution for the most frequent IV
therapy of up to 15 days - the treatment period for 80% to 90% of
patients requiring intravenous therapy.

The total estimated world market for peripheral IV catheters is
approximately US $1 billion a year.

Flexicath's first product line, FirmGrip, is designed to reduce
the need for an external sterile environment, provide added
protection, and enhance insertion.
* The catheter is trimmed to length inside the sterile field.
* A patented connector connects the insertion unit to the
introducer.
* The medical professional grasps the catheter through a
specially designed insertion unit and inserts the catheter in the
same manner currently used.
* A specially designed handgrip increases friction between the
hand and catheter for greater control. The handgrip moves back
automatically in an accordion-like motion to facilitate continued
insertion.

The two models are:
* FirmGrip.60 - This model adds the sterile sleeve to the
standard PICC and midline catheters and peel-away insertion
needle.
* FirmGrip.15 - In this model, a soft, "mini" midline catheter
(15 cm) encased in the compact sterile sleeve is inserted in a
simple, efficient manner using a peel-away insertion needle as a
point of entry.

The FirmGrip system enables a safer, quicker, and cleaner process
that can be performed at a fraction of the cost of today's PICC
line or midline insertions.

ENTREPRENEURS
Prof. Paul Froom
Mr. Ronen Radomsky - CEO
Mr. Shai Amisar

PROJECT STATUS
The project started its incubator period in July 2004.

COOPERATION REQUIRED
* To establish strategic alliances with major players in the
catheter market;
* To raise US $1 million to complete product development,
finalize patent approval, and initiate marketing efforts.
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E-MAIL: ronen@flexicath.com WEB: www.flexicath.com

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