ATLANTA, May 23, 2011 /PRNewswire/ -- CardioMEMS, Inc., an Atlanta-based medical devicecompany that has developed and is commercializing a proprietary wireless sensing and communication technology for the human body, today announced that its founder and CEO, Jay Yadav, M.D., was presented with a Health-Care
The Health-Care Heroes awards are presented yearly by the Atlanta Business Chronicle to honor the people and organizations that demonstrate excellence and deserve recognition in the health-care community. Dr. Yadav was presented with the award in the health-care innovations category for the development of the Champion Heart Failure Monitoring System, the first permanently implantable, wireless, battery-free device that provides cardiac catheterization-type data from a patient's home. This revolutionary, proactive approach to heart failure patient management could significantly reduce the 1.1 million annual heart failure related hospitalizations that cost the U.S. healthcare system over $20 billion per year.
"The Champion Heart Failure Monitoring System has the potential to be one the most significant advancements in heart failure patient management in over a decade," said award nominator, John Huntz, Executive Director of Arcapita Ventures. Dr. Yadav works tirelessly to improve the lives of patients with heart failure who undergo numerous procedures and hospitalizations, and I'm gratified to see him recognized for his efforts. The Health-Care Innovations Heroes Award could not have gone to a more deserving individual."
"I am honored to receive this prestigious award," said Dr. Yadav. "Founding CardioMEMS and developing its unique technology has been a rewarding professional challenge and has involved the dedication and resources of many talented doctors and professionals whose sole focus has been to improve the lives of our patients."
About CardioMEMS, Inc.
CardioMEMS is a medical device company that has developed and is commercializing proprietary wireless sensing and communication technology for the human body. The Company's technology platform is designed to improve the management of severe chronic cardiovascular diseases such as aneurysms, heart failure and hypertension. CardioMEMS' miniature wireless sensors can be implanted using minimally-invasive techniques and transmit cardiac output, blood pressure and heart rate data which are critical to the management of patients. The sensors are designed to be permanently implanted into the heart and blood vessels due to their small size, durability and lack of wires and batteries. Using radiofrequency energy, the sensors transmit real-time data to external electronic readers, which then communicate this information to the patient's physician. The Company developed this technology based on the belief that frequent, on-demand, real-time monitoring of vital information enables proactive patient management, which holds the promise of reducing hospitalizations, improving a patient's quality of life and delivering more efficient and cost effective health care. More information about the CardioMEMS is located at www.cardiomems.com.
Statements made in this press release that look forward in time or that express beliefs, expectations or hopes regarding future occurrences or anticipated outcomes are forward-looking statements. A number of risks and uncertainties such as risks associated with product development and commercialization efforts, expected timing or results of any clinical trials, ultimate clinical outcome and perceived or actual advantages of the Company's products, market and physician acceptance of the products, intellectual property protection, and competitive offerings could cause actual events to adversely differ from the expectations indicated in these forward looking statements.
CardioMEMS and the CardioMEMS Logo are registered trademarks of CardioMEMS, Inc. Champion is a trademark of CardioMEMS, Inc.
Caution: The Champion Heart Failure Monitoring System is an investigational device limited by federal law to investigational use.
SOURCE CardioMEMS, Inc.
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