Category: Latest News
Vixiar Medical Announces Appointment of Kevin Thibodeau as Chief Executive Officer

January 16, 2017, Annapolis, MD

Vixiar Medical, Inc. announced today that Kevin Thibodeau has been appointed Chief Executive Officer of the medical device company, effective immediately.

“This is perfect timing for Kevin to come on board”, said Vixiar Chairman Robert Storey. “Kevin has a strong track record in medical device market development and revenue growth, particularly in building new standards of care and disruptive technologies. Kevin has a stellar relationship with the clinical community and global hospital ecosystem and excels at educating, and collaborating with, users and payers when it comes to pioneering technology. We are at a tipping point in dealing with chronic disease, where the current trajectory simply isn’t sustainable for patients, providers or payers. Readmissions, in particular, place a great economic strain on the system and are proven to increase morbidity and mortality in patients. The opportunity we have in front of us is to improve the efficiency of care, by monitoring patients more closely through the continuum of care and doing a better job at diagnosing problems sooner to allow for earlier intervention. This is particularly true with heart failure, where hospitalizations are so high and where the existing diagnostic solutions are either too invasive, too expensive, or inconvenient. Our mission at Vixiar is to provide solutions that overcome these obstacles and improve care while bringing dramatic cost savings to the system. I can’t think of a better person to lead this effort.”

Vixiar Medical has developed a non-invasive, cost effective and accurate device for point-of-care early detection of worsening heart failure, the Indicor™, based on technology developed at Johns Hopkins School of Medicine. The device is coupled with a digital health platform that includes a patient app and cloud-based clinical analytics for continuous disease management.

Mr. Thibodeau has spent his career in the medical device and medical information industries, most recently with Vapotherm, Inc., where he led the market development of what has become a new global standard of care in non-invasive respiratory support. “I am excited to be leading Vixiar and building a business that brings such a clear clinical and economic value proposition to the health care system and heart failure patients. The Vixiar solution is a convergence of the best of digital health with a truly unique and reliable diagnostic tool for addressing heart failure.”

Vixiar’s technology was originally developed by Johns Hopkins cardiologist Dr. Harry Silber, with whom the company was co-founded with VIC Technology Venture Development (offices in Annapolis, Boston, Fayetteville, and San Diego). It is a an excellent example of collaboration between private, public and institutional interests, having been a recipient of funds from the Maryland Department of Commerce and TEDCO Innovation Initiative, funds to support clinical research from the Johns Hopkins Coulter Partnership and Discovery Funds, the Anne Arundel Economic Development Corporation and private equity investment. The Company has its business offices in Anne Arundel County, has recruited executives from the State, and is in discussion to establish manufacturing and offices within the city of Baltimore.

About Vixiar Medical™
Vixiar Medical, Inc., develops non-invasive, cost effective devices and systems for monitoring cardiopulmonary diseases, particularly those with significant clinical and economic burden. The Company’s first product, Indicor™, is a handheld point of care device for monitoring worsening heart failure. Headquartered in Annapolis, Maryland, it is a portfolio company of VIC Technology Venture Development.


Vixiar Medical Presents at Coulter Foundation Translational Research Investment Forum in Palo Alto

Company Chairman introduces new, non-invasive congestive heart failure monitoring device to be deployed in hospitals, physicians’ offices, and home markets, pending regulatory approval, by end of year.

Vixiar Medical, Inc. announced today that Robert Storey, Maryland Managing Director of VIC Technology Venture Development™ and the Chairman of Vixiar Medical, was a presenter at the Coulter Foundation Investor Forum held at Stanford University’s Francis C. Arrillaga Alumni Center in Palo Alto, California.

The Wallace H. Coulter Foundation funds translational research in biomedical engineering through endowment and grants to sixteen of the nation’s top biomedical engineering schools. The program funds joint research between biomedical engineering investigators and clinicians, and supports the most promising technologies that can progress towards commercial development and enter the clinical practice. The top 25 start-up companies spun out of this process were invited to present at the investor forum.

The Vixiar product, based on technology licensed from Johns Hopkins University, allows rapid and repetitive assessment of cardiac filling pressures – a critical measurement in the management of heart failure hospital readmissions. The inexpensive wireless device can be used at the point of care by a physician/nurse, or the patient can utilize a self-directed set of procedures to conduct the tests remotely and non-invasively over several minutes. The normal process for obtaining cardiac filling pressures requires an invasive catheterization procedure at a lab, in which a pressure catheter is run through the patient’s artery into the heart chambers for direct measurement.

Vixiar prototypes have been tested on several hundred patients to date, and are currently being used in four separate clinical trials. Vixiar expects its heart monitor to be deployed in hospitals, physicians’ offices, and home markets with an initial release, pending regulatory approval, by the end of 2015.

About CHF
Congestive Heart Failure is being treated in approximately 6 million people in the US and about 25 million worldwide. It accounts for 1.2 million hospital admissions in the US each year and is the number one cause of hospital readmissions within 30 days of discharge. Hospital treatment costs are about $40 billion per year, and nearly 10% of those expenditures are unreimbursed due to readmissions that occur within 30 days. Improved monitoring of increasing cardiac filling pressures is considered the important criteria to allow intervention before a patient progresses to hospitalization.

About Vixiar Medical™
Vixiar Medical, Inc, is involved in the development of innovative technologies for the treatment and monitoring of cardiopulmonary disease. Headquartered in Annapolis, Maryland, it is part of the VIC Technology group of companies. Contact Robert Storey, Chairman of Vixiar, and Maryland Managing Director of VIC Technology Venture Development, at bstorey@victvd.com or (443) 603-0212. http://www.vixiar.com

About VIC Technology Venture Development™
VIC Technology is a for-profit firm involved in the licensing and formation of companies that are based on technologies from university and federal labs. The group currently has 14 companies in its active portfolio and maintains offices in Annapolis, Boston, and Fayetteville, Arkansas. http://www.victvd.com


Vixiar Medical Receives BioMaryland Development Award for Non-invasive Heart Failure Monitor

Company plans deployment of congestive heart failure monitoring device to hospitals, physicians’ offices, and home markets, pending regulatory approval, by end of year.

Vixiar Medical, Inc. announced today that it was awarded a $200,000 grant by the State of Maryland to accelerate the commercialization of its non-invasive congestive heart failure (CHF) device. The BioMaryland Center made the awards on a competitive basis to six life sciences companies, with preference given to projects that improve patient outcomes and reduce health care costs.

The Vixiar product, based on technology licensed from Johns Hopkins University, allows rapid and repetitive assessment of cardiac filling pressures – a critical measurement in the management of heart failure hospital readmissions. The inexpensive wireless device can be used at the point of care by a physician/nurse, or the patient can utilize a self-directed set of procedures to conduct the tests remotely and non-invasively over several minutes. The normal process for obtaining cardiac filling pressures requires an invasive catheterization procedure at a lab, in which a pressure catheter is run through the patient’s artery into the heart chambers for direct measurement.

Vixiar prototypes have been tested on several hundred patients to date, and are currently being used in four separate clinical trials. Vixiar’s heart monitor is expected to be deployed in hospitals, physicians’ offices, and home markets.

“We are grateful to the State of Maryland and their recognition of the potential for this innovative technology”, said Robert Storey, Chairman of Vixiar Medical and Managing Director of VIC Technology Venture Development, the firm that initially spun out the technology from Johns Hopkins. “We believe that we can make a major impact on the management of CHF in Maryland and nationally, and are directing these funds to accelerate our regulatory approvals”.

For this year’s awards, the BioMaryland Center launched a new partnership with Maryland’s Department of Health and Mental Hygiene (DHMH) and the Center for Medical Technology Policy (CMTP) to incorporate improved health care quality and cost reduction criteria into the selection process.

“These awards provide critical funding and help to ensure that the life-saving research being done at these companies has the opportunity to move to the commercial marketplace and potentially impact millions around the world,” said Maryland’s Department of Business and Economic Development Secretary Mike Gill.

About CHF
Congestive Heart Failure is being treated in approximately 6 million people in the US and about 26 million worldwide. It accounts for 1.2 million hospital admissions in the US each year and is the number one cause of hospital readmissions within 30 days of discharge. Hospital treatment costs are about $40 billion per year, and nearly 10% of those expenditures are unreimbursed due to readmissions that occur within 30 days. Improved monitoring of increasing cardiac filling pressures is considered the important criteria to allow intervention before a patient progresses to hospitalization.

About Vixiar Medical™
Vixiar Medical, Inc, is involved in the development of innovative technologies for the treatment and monitoring of cardiopulmonary disease. Headquartered in Annapolis, Maryland, it is part of the VIC Technology group of companies. Contact Robert Storey, Chairman of Vixiar, and Maryland Managing Director of VIC Technology Venture Development, at bstorey(at)victvd(dot)com or (443) 603-0212. http://www.vixiar.com

About VIC Technology Venture Development™
VIC Technology is a for-profit firm involved in the licensing and formation of companies that are based on technologies from university and federal labs. The group currently has 14 companies in its active portfolio and maintains offices in Annapolis, Boston, and Fayetteville, Arkansas. http://www.victvd.com