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Retia Medical Raises $7 Million to Develop Accurate, Less-Invasive Cardiovascular Monitor
Date:8/16/2012

family office financing, Retia will complete product development, submit regulatory filings and launch its minimally invasive, cardiac output monitor.

About Cardiac Output Monitoring

In high-risk patients, clinicians monitor circulatory status via cardiac output or total blood flow. They track CO as an indicator of oxygen delivery to vital organs because without oxygen, these organs can die within minutes. The "gold standard" method for monitoring CO has historically been the invasive pulmonary artery (PA) catheter. Less invasive technologies exist but are not accurate when patients go unstable. That is when having an accurate monitor is most critical. More than 32 independently conducted studies have shown that optimized hemodynamic management with accurate CO monitoring can lead to significantly improved outcomes including reduced mortality and morbidity, and shorter length of hospital stay. In a recent survey of over 400 American and European Anesthesiologists, 90% agreed that cardiac output is a major determinant of oxygen delivery and that oxygen delivery is of major importance for high-risk patients, yet at least 50% indicated that they do not use current cardiac output monitoring systems because they are too invasive or unreliable.[1]

About Retia Medical

Retia Medical develops monitors for high-risk patients. Retia's first product monitors cardiac output, a critical health metric that indicates the flow rate of blood pumped by the heart. The initial target market for this technology is the ICU and operating rooms. It is potentially extendable for use in emergency rooms or at home. Based in East Lansing, MI, Retia's technology was exclusively licensed from MSU and validated through extensive tests in animals and humans. With the support of the Pritzker/Vlock family office and a strong advisory board composed of industry and clinical experts, Retia will seek FDA approval and launch this product, which will help revolutionize the care
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SOURCE Retia Medical
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