MOUNTAIN VIEW, Calif., May 6, 2011 /PRNewswire/ -- Hotspur Technologies, Inc. announced today that it has received CE Mark approval for the IQCath Balloon Dilatation Catheter, allowing the company to introduce the novel technology to markets outside of the United States. The IQCath catheter utilizes Hotspur's groundbreaking technology to combine multiple functions into a single device that can potentially make procedures to open blocked blood vessels more efficient and cost-effective than current treatment options.
Over 2 million patients worldwide require dialysis due to end-stage renal disease (ESRD) with annual expenditures for dialysis products and services forecasted to be over $65 billion, making it one of the most costly segments of medical care. The need for continued dialysis to filter the blood of these ESRD patients results in repeated blockages within their vascular access sites. On average, these patients require multiple interventions each year in order to keep these sites free from blockages and subsequent clot formation.
These blockages are most often treated with standard balloon angioplasty, a minimally invasive procedure that uses a catheter and balloon to widen narrowed vessels. Unlike existing angioplasty balloons, the IQCath catheter enables physicians to conduct multiple functions that may be required to clear the blockage with a single catheter.
When treating blocked vascular access sites, physicians typically must use multiple catheters to restore blood flow by removing clot and opening the blockage. During a single procedure, these devices are removed and reinserted several times, which often proves to be time consuming and expensive.
The IQCath catheter is indicated for use within synthetic dialysis access grafts to remove embolic material and to dilate obstructive blockages. Based on the use of Hotspur's proprietary VisioValve™ technology, the IQCath catheter enables