inVenture: Advancing Innovative Businesses June '08 
News in a Flash
Source: Inside Indiana Business
Cook Graft Receives FDA Approval

Bloomington, Ind. -- a move that dramatically expands Cook Medical’s already industry-leading portfolio of advanced devices to treat aortic diseases, company officials announced Cook has received approval from the U.S. Food and Drug Administration (FDA) for its Zenith TX2 Thoracic TAA Endovascular Graft. The state-of-the-art aortic endograft is designed for thoracic endovascular aortic repair (TEVAR), a minimally invasive alternative to traditional, open surgery. The Zenith TX2 is indicated to treat patients with aneurysms or ulcers of the descending thoracic aorta having vascular morphology suitable for endovascular repair.

With FDA approval of the Zenith TX2, U.S. physicians can now provide an endovascular solution from Cook for the interventional treatment of thoracic aortic aneurysms (TAA), including patients who may not be eligible for treatment through open surgery. To demonstrate the benefits of the device, Cook sponsored the STARZ-TX2 clinical trial, a multi-national trial designed to study the safety and effectiveness of the Cook Zenith TX2. The trial results indicated that the TEVAR procedure, using Cook Medical’s Zenith TX2, is a safe and effective alternative to open surgical repair for the treatment of TAAs in patients with suitable anatomy.

“We are thrilled to reach this important milestone and introduce in the United States the Zenith TX2 which is uniquely designed to treat a broad range of patients suffering from TAA,” said Phil Nowell, global director of Cook’s Aortic Intervention strategic business unit. “The positive, 12-month clinical data serves as a proof-point that the TEVAR procedure, in conjunction with the Zenith TX2, has the potential to revolutionize the way thousands of TAA patients worldwide receive treatment. The recent FDA approval demonstrates Cook’s continued dedication to delivering unparalleled treatment options designed to meet physician and patient needs for safety, reliability and better outcomes."

TAAs occur when a section of the thoracic aorta weakens and bulges outward like a balloon. Ruptured aneurysms have a very high mortality rate, especially for TAA. The Cook Zenith TX2, a self-expanding tube of surgical graft material reinforced with metal stent bodies is sized to the diameter of the aorta and is used to seal off the aneurysm. The Cook Zenith TX2, which includes a unique uncovered distal stent with fixation barbs to hold the device in place, helps to relieve pressure on the aneurysm and reduce the risk of rupture and in most cases, allow the aneurysmal sac to shrink.

The Zenith TX2 device is deployed from a catheter inserted through a small incision in the patient’s femoral artery. This treatment is far less invasive than traditional, open surgery where physicians open patients’ chests, clamp off and remove the diseased section of the aorta and replace it with a surgical graft. Post-operative and post-discharge recovery times are typically much shorter with TEVAR, which may help patients return to their normal lifestyle routines faster than for those who undergo open surgery. Patients undergoing TEVAR also typically are at lower risk of the comorbidities associated with open surgical repair.

Cook’s Aortic Intervention strategic business unit has experienced significant growth throughout the past year. For the year-to-date, the business unit has increased its global sales by 28 percent. As Cook’s current offerings in aortic intervention continue to gain momentum and new products are introduced to market, this growth pattern is expected to continue through the year.

About Cook Medical

Cook Medical was one of the first companies to help popularize interventional medicine, pioneering many of the devices now commonly used worldwide to perform minimally invasive medical procedures. Today, the company integrates device design, biopharma, gene and cell therapy and biotech to enhance patient safety and improve clinical outcomes in the fields of aortic intervention; interventional cardiology; critical care medicine; gastroenterology; radiology, peripheral vascular, bone access and oncology; surgery and soft tissue repair; urology; and assisted reproductive technology, gynecology and high-risk obstetrics. Cook is a past winner of the prestigious Medical Device Manufacturer of the Year Award from Medical Device & Diagnostic Industry magazine.
For more information, visit www.cookmedical.com.


Decade of effort has put IU in IT forefront
Plan spearheaded by McRobbie has done its job, but new plan sought to stay on leading edge

By James Boyd 331-4307 | jboyd@heraldt.com
May 26, 2008

“Information technology is today one of the most critical tools in higher education. It permeates every aspect of a university from the first contact a student has with its Web site through the myriad systems that manage and provide access to its information; to the desktop computer ... (to) the intricate web of fiber optic cables that link these computers together and connect them to the world of digital information; the supercomputers that carry out the massive computations that underpin simulation and modeling; and the wired classrooms, dormitories and student laboratories, which are now such fundamental components of the educational process.”

So wrote Michael McRobbie, then Indiana University’s vice president for information technology, back in May 1998.

Last week, McRobbie, now IU’s president, and hundreds of others gathered to celebrate the 10th anniversary of the university’s information technology strategic plan. Serving as the road map for the university’s future in the IT world, the plan was developed in response to then-President Myles Brand’s desire to put IU at the forefront of the digital age.

Dozens of people contributed to the plan, which made 10 general recommendations and 68 specific action items.

It took over 15 months to answer Brand’s call and submit the proposal, but once adopted and approved, the plan set the university on a course that is now lauded as ahead of its time.

Small Business Spotlight

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ProCure receives new $35 million investment

ProCure Treatment Centers Inc. has received an additional $35 million round of equity funding from Oklahoma City-based McClendon Venture Co., according to a news release.

The Bloomington firm is developing a network of cancer treatment centers to deliver proton therapy to patients.

The release, issued Wednesday, states that the $35 million cash infusion represents the second major investment in ProCure by MVC, taking the firm’s total investment in the company to $70 million.

In March, the company opened the ProCure Training and Development Center downtown. It is the first facility in the world to offer proton therapy training.

MVC is owned by Aubrey K. McClendon, chairman and CEO of Chesapeake Energy Corp., the country’s third-largest producer of natural gas, the release states.

“We greatly appreciate the continued support of Aubrey McClendon to help us make proton therapy widely accessible to cancer patients across the nation,” said Hadley Ford, ProCure’s CEO and director.

Upcoming Events

June 3: Community Chats
What: A weekly series to discuss issues facing Bloomington and the broader region.
Where: Village Deli, 409 East Kirkwood Ave.
Time: 7:30 - 8:30 am

June 4: Business Orientation Start-up Session (BOSS)
What: Learn what it takes to start your own business and become your own boss.
Where: SBDC, 501 N. Morton St., Suite 106A
Time: 10:00am - 12:00pm
Cost: $25
Contact: SBDC, 812-339-8937 (registration required)

June 6: New Economy, New Rules Seminar
What: Series of video conference presentations from industry leaders geared towards the information technology industry.
Topic: This month's New Economy New Rules briefing, "New Innovation," will feature nominees from TechPoint's 2008 Mira Awards talking about their products. Speakers will include representatives from Indianapolis-based Cha-Cha, which was a finalist for Mira's "Innovation of the Year" award, and others to be announced.
Where: inVenture, 501 N. Morton St., inVenture Conference Room
Time: 8:00- 9:30 am
Contact: Marilyn Skirvin, Bloomington Economic Development Corporation, 812-335-7346

June 10: Community Chats
What: A weekly series to discuss issues facing Bloomington and the broader region.
Where: Village Deli, 409 East Kirkwood Ave.
Time: 7:30 - 8:30 am

June 16: Financing & Federal Contracting for Small Business Clinic
What: The U.S. Small Business Administration (SBA) will conduct a business loan clinic and Federal Contracting workshop. This clinic will provide guidance to prepare small business owners for meeting with a lender. Attendees will learn how SBA is involved in the loan process, what documents to take to the lender, and how to make a good first impression with the lender. The Federal Contracting Workshop will help to prepare small business owners to enter and compete in the federal marketplace.
Topic:
Attendees will learn how to become eligible to bid on & be awarded contracts, and find federal opportunities.
Where: inVenture, 501 N. Morton St., inVenture Conference Room 100B
Time: 1:00- 2:30 pm
Contact: Call the South Central SBDC at 812-339-8937
. Reservations are required as seating is limited. There is no charge to attend this SBA Clinic and workshop.

June 17: Community Chats
What: A weekly series to discuss issues facing Bloomington and the broader region.
Where: Village Deli, 409 East Kirkwood Ave.
Time: 7:30 - 8:30 am

June 18: Business Orientation Start-up Session (BOSS)
What: Learn what it takes to start your own business and become your own boss.
Where: SBDC, 501 N. Morton St., Suite 106A
Time: 3:00 pm- 5:00pm
Cost: $25
Contact: SBDC, 812-339-8937 (registration required)

June 24: Community Chats
What: A weekly series to discuss issues facing Bloomington and the broader region.
Where: Village Deli, 409 East Kirkwood Ave.
Time: 7:30 - 8:30 am

July 2: Business Orientation Start-up Session (BOSS)
What: Learn what it takes to start your own business and become your own boss.
Where: SBDC, 501 N. Morton St., Suite 106A
Time: 3:00 pm- 5:00pm
Cost: $25
Contact: SBDC, 812-339-8937 (registration required)

 

 

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