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CHOP partners with Vascular Magnetics, Inc. to pursue commercial potential of blood vessel research
Date:5/9/2011

a drug-eluting stent. In addition, the technique could be used to re-treat arteries where the stents have become re-blocked.

The technology, said Levy, is highly adaptable. Instead of paclitaxel, it could deliver other therapeutic compounds, DNA for site-specific gene therapy, therapeutic cells, or other treatments. In addition to treating PAD, the technique might carry paclitaxel to narrowed coronary arteries, chemotherapy drugs to a tumor, or other medications to a bile duct or a urinary tract. Eventually, said Levy, the technology could be applied to types of pediatric heart disease, such as primary pulmonary hypertension or heart defects.

As its lab research continues, Vascular Magnetics is moving ahead to attract venture capital. "Our plan is to prove the efficacy of this therapy in humans by late 2015," said Woodward. "The revenue projections for the company suggest sales of over a billion dollars per year within about four years after commercial launch."

"Besides the great potential medical benefit in PAD, commercial success for this technology could enhance our mission of improving children's healthby setting the stage for developing and investing in innovative therapies for children," added Ellen Purpus, Ph.D., director, Office of Technology Transfer at The Children's Hospital of Philadelphia.


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Contact: John Ascenzi
Ascenzi@email.chop.edu
267-426-6055
Children's Hospital of Philadelphia
Source:Eurekalert

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