HealthMed Services, Ltd. Furthers Development of Its Inexpensive Organ Transplant Transport System for Greater Prolonged Use
February 17 2012 - 8:30AM
Marketwired
HealthMed Services, Ltd. (PINKSHEETS: HEME) President, Dr. Henry J.
Smith, today revealed that the Company has further development on
an improved Donor Organ Transport System that will maintain and
preserve isolated donor organs in good condition for remarkable and
prolonged periods of time, allowing timely and better donor and
patient matching. Studies show there is a critical shortage of
donor organs that can be used for transplantation. Over 50,000
patients are on the waiting list for a transplant, but only 20,000
transplant operations are performed each year. In fact, it is
reported that 10 patients die each day while waiting for a donor
organ that never arrives.
In order to widen the donor pool, the U.S. Department of Health
and Human Services has implemented regulations for a National Organ
Allocation policy based on medical need, instead of the
geographical proximity of donor and recipient. Consequently, there
is a great demand for a transport system that can maintain the
donor organ in optimum condition during the prolonged time it is
being transported across country. Dr. Smith stated, "The Company is
prepared to meet this need. Our vision is to have soon such an
organ transport system available to every donor/recipient on a
routine basis."
He went on to state, "As noted in previous press releases,
through a merger the Company has acquired proprietary rights from
myself to an improved Organ Transport system (patent pending). By
reconditioning the donor organ such as the heart, kidney or liver,
and extending the period of time for transport, it will be possible
to improve the success rate of transplants. Also, it is highly
useful in research to have a device that can maintain the organ for
extended period in vitro so it makes it possible to test drugs on
isolated organs in vitro before starting clinical trials on
patients."
He added, "The Company has made significant progress in its
research program and has a working model of a portable organ
transport device. It has completed the initial research studies
showing that isolated donor organs could be kept alive for an
extended period of time using the organ transport system and
further refinement of the system by the Company is planned."
President Smith emphasized, "One important feature that
differentiates HeathMed Services Ltd. Organ Transport System from
other companies developing similar devices is that the Company's
organ transport system is so inexpensive, and that it is designed
to be disposable. This is our mission, to make it extremely
practical and convenient for routine use in all transplant
operations." He declared, "Our goal is to capture a major portion
of the potential market for the Organ Transplant System, that has
been estimated at $80 million annually."
About HealthMed Services, Ltd. HealthMed
Services, Ltd. has acquired the intellectual property rights to two
important medical technologies. In the field of Organ
Transplantation the Company is developing a device for keeping
isolated donor organs alive for extended periods of time outside
the body. This will allow the donor organ to be transported across
the country to allow better donor and patient matching. Also the
better the donor organ can be preserved the better will be the
outcome of the organ transplantation.
Notice Regarding Forward-Looking
Statements This news release contains "forward-looking
statements," as that term is defined in Section 27A of the United
States Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Statements in this press release which are
not purely historical are forward-looking statements and include
any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things, the development, costs and results of our
exploration program at our properties and any anticipated future
production. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
cleaning fluid and development stage exploration companies. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our annual report, quarterly
reports or current reports filed from time-to-time with OTC
Markets, Inc.
Contact: Richard E. Floegel (619) 248-6868
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