– Investigators use PillCam SB to determine link
between Proton Pump Inhibitor therapy use and Iron Deficiency
Anemia – – Additional study reports PillCam SB better than EGD or
colonoscopy at identifying bleeding source in patients with
diverticular disease –
Given Imaging (Nasdaq:GIVN), a world leader in specialty GI
products and pioneer of capsule endoscopy, today announced numerous
studies underscoring the value of PillCam SB in helping physicians
diagnose, identify and treat sources of gastrointestinal bleeding
in patients. The studies are being presented at the American
College of Gastroenterology's Annual Scientific Meeting and
Postgraduate Course (ACG®), taking place October 11-16, 2013, at
the San Diego Convention Center, San Diego, CA, where Given Imaging
is exhibiting at Booth #1200 throughout the conference.
"Capsule endoscopy has proved beneficial in the detection of a
large number of conditions within the gastrointestinal system,
including gastrointestinal bleeding," said Neal Patel M.D., Georgia
Regents University, Augusta, GA. "Several studies presented at this
meeting show that PillCam SB is a useful tool to diagnose and
locate the source of gastrointestinal bleeding when other methods
have failed, and can guide further therapeutic intervention as an
initial diagnostic tool."
Key poster presentations being presented at ACG
include:
"Is There Still a Need to Perform Video Capsule
Endoscopy for GI Bleeding When Colonoscopy Has Already Found
Diverticulosis?," poster P1728: presented
by Neal Patel M.D., and colleagues, Georgia Regents University,
Augusta, GA, and Jessica McGann, M.D., Medical College of Georgia,
Augusta, GA. The investigators sought to determine the diagnostic
yield of PillCam SB for the localization of a GI bleed when colonic
diverticular disease is present, but not bleeding at the time of an
endoscopy. The review of medical records of patients with
diverticular disease showed that the diagnostic yield for PillCam
SB for patients with diverticular disease and a GI bleed that was
not identified on EGD or with colonoscopy was 44%. The yield was
even higher in patients 65 years or older (50%) than patients
younger than 65 (33%). The study suggests that PillCam SB should be
used to identify the source of a GI bleed not identified during EGD
or colonoscopy in patients with diverticular disease.
"Diagnostic Yield of Capsule Enteroscopy (CE) for GI
Bleeding: Is Balloon Enteroscopy (DBE) Yield Maximized by a
Top-down or Bottoms-up Approach?," poster P1368: presented
by Wiley Truss M.D., and colleagues, University of Alabama,
Birmingham, AL. The investigators examined the most common
locations for small bowel mucosal abnormalities detected by Capsule
Endoscopy (CE) in order to better direct the route of deep
enteroscopic procedures. In the 220 capsule studies that were
performed for obscure GI bleeds, 85% revealed some type of mucosal
abnormality, but only 58% showed a clinically significant finding,
defined as any mucosal abnormality that could explain the patient's
clinical presentation. Results showed that the PillCam SB procedure
led to further diagnostic and therapeutic intervention in 39% of
cases. The diagnostic yield for PillCam SB in obscure GI bleeding
is highest in the proximal small bowel and therefore amenable to
anterograde deep enteroscopy. PillCam SB offers a valuable initial
diagnostic tool for guiding the route of approach for further
therapeutic intervention.
"Using Capsule Enteroscopy Imaging to Analyze the
Effects of Proton Pump Inhibitor Therapy and Its Association to
Iron Deficiency Anemia," poster P524:
presented by Rezwan Ahmed M.D., and colleagues, Marshall
University, Barboursville, WV, and John Davitt, M.D., Boston
University, Boston, MA. The investigators evaluated PillCam SB as
an imaging modality to analyze the link between Proton Pump
Inhibitor (PPI) therapy use and Iron Deficiency Anemia (IDA). A
retrospective chart review of 200 patients found that the majority
of patients had a capsule endoscopy procedure after having a small
bowel follow through, upper endoscopy, and colonoscopy. Previous
studies have shown that combining camera-based scoping techniques
and x-rays with radiopaque contrast serves as a model to detect a
large number of pathologies within the gastrointestinal system. The
authors concluded that based on present findings and prior negative
studies, there is an important association between PPI use and IDA.
Healthcare providers should become aware of this link and be
judicious with prescribing PPIs to their patients.
An additional study, "Characterizing the Learning Curve
and Accuracy of Wireless Capsule Endoscopy Interpretation Amongst
Digestive Healthcare Practitioners," poster P1713:
presented by researchers at University of Pennsylvania Perelman
School of Medicine, PA, Johns Hopkins Hospital, MD, and University
of Texas Medical School, TX, evaluated the accuracy and learning
curve of wireless capsule endoscopy (WCE) trainees without prior
WCE experience including GI fellows, CRNP fellows and senior GI
nurses. Results suggest that a minimum of 25 WCE studies, with each
study read in its entirety, appear to be sufficient for trainees
enrolled in a GI fellowship program where they are actively
performing endoscopy. Physician extenders and nurses appear to
require interpretation of more than 25 WCE studies before adequate
proficiency is achieved.
About PillCam® SB
The PillCam SB capsule is a minimally invasive procedure to
visualize and monitor small bowel abnormalities associated with
Crohn's disease, iron deficiency anemia (IDA) and obscure GI
bleeding (OGIB). The PillCam measures 11 mm x 26 mm and weighs less
than four grams. Now in its third generation, PillCam SB 3 contains
an imaging device and light source and transmits images at a rate
between two and six images per second. Initially cleared by
the U.S. Food and Drug Administration in 2001, PillCam SB is an
accurate, patient-friendly tool used in patients two years and
older by physicians to visualize the small bowel. PillCam SB 3
builds on Given Imaging's unique expertise and collaborative
efforts as an industry leader that includes more than 2 million
uses of PillCam capsules in patients worldwide and more than 1,900
clinical studies.
The risks of PillCam capsule endoscopy include capsule
retention, aspiration and skin irritation. Endoscopic placement may
present additional risks. Medical, endoscopic, or surgical
intervention may be necessary to address any of these
complications, should they occur.
About Given Imaging Ltd.
Since pioneering the field of capsule endoscopy in 2001, Given
Imaging has become a world leader in GI medical devices, offering
health care providers a range of innovative options for
visualizing, diagnosing and monitoring the digestive system. The
company offers a broad product portfolio including PillCam® capsule
endoscope for the small bowel, esophagus and colon. The company
also offers industry-leading GI functional diagnostic solutions
including ManoScan® high resolution manometry, Bravo® capsule-based
pH monitoring, Digitrapper® pH-Z monitoring, and SmartPill®
motility monitoring systems. Given Imaging is committed to
delivering breakthrough innovations to the GI community and
supporting its ongoing clinical needs. Given Imaging's headquarters
are located in Yoqneam, Israel, with operating subsidiaries in the
United States, Germany, France, Japan, Australia, Vietnam, Hong
Kong and Brazil. For more information, please visit
givenimaging.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include, but are not limited to, projections about our
business and our future revenues, expenses and profitability.
Forward-looking statements may be, but are not necessarily,
identified by the use of forward-looking terminology such as "may,"
"anticipates," "estimates," "expects," "intends," "plans,"
"believes," and words and terms of similar substance.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual events,
results, performance, circumstances or achievements of the Company
to be materially different from any future events, results,
performance, circumstances or achievements expressed or implied by
such forward-looking statements. Such forward-looking statements
include statements relating to the Company exploring strategic
alternatives and considering possible strategic transactions
involving the Company. Factors that could cause actual events,
results, performance, circumstances or achievements to differ from
such forward-looking statements include, but are not limited to,
the following: (1) our ability to develop and bring to market new
products, (2) our ability to successfully complete any necessary or
required clinical studies with our products, (3) our ability to
receive regulatory clearance or approval to market our products or
changes in regulatory environment, (4) our success in implementing
our sales, marketing and manufacturing plans, (5) the level of
adoption of our products by medical practitioners, (6) the
emergence of other products that may make our products obsolete,
(7) lack of an appropriate bowel preparation materials to be used
with our PillCam COLON capsule, (8) protection and validity of
patents and other intellectual property rights, (9) the impact of
currency exchange rates, (10) the effect of competition by other
companies, (11) the outcome of significant litigation, (12) our
ability to obtain reimbursement for our product from government and
commercial payors, (13) quarterly variations in operating results,
(14) the possibility of armed conflict or civil or military unrest
in Israel, (15) the impact of global economic conditions, (16) our
ability to successfully integrate acquired businesses, (17) changes
and reforms in applicable healthcare laws and regulations, (18)
quality issues and adverse events related to our products, such as
capsule retention, aspiration and failure to attach or detach,
bleeding or perforation that could require us to recall products
and impact our sales and net income, and (19) other risks and
factors disclosed in our filings with the U.S. Securities and
Exchange Commission, including, but not limited to, risks and
factors identified under such headings as "Risk Factors,"
"Cautionary Language Regarding Forward-Looking Statements" and
"Operating Results and Financial Review and Prospects" in the
Company's Annual Report on Form 20-F for the year ended December
31, 2012. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Except to the extent expressly required under
applicable law, the Company undertakes no obligation to release
publicly any revisions to any forward-looking statements, to report
events or to report the occurrence of unanticipated events.
CONTACT: Chantal Beaudry/Martyna Gawrych
Lazar Partners Ltd.
cbeaudry@lazarpartners.com
mgawrych@lazarpartners.com
212-867-1762
Investor Contact:
David Carey
Lazar Partners Ltd.
dcarey@lazarpartners.com
212-867-1762
Israel Investor Contact:
Nava Ladin
Gelbart Kahana Investor Relations
+972-3-6074717
nava@gk-biz.com
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