Summary of the podcast
- he's traveling around the country - catching up with brokers.
- meeting with FDA to finalise parameters for validation and minimum sensitivity and specificity. which will dictate the number of patients required ( eg 150, 250, 350).
- AI is used differently to CT and MRI, uses It a signal level, not after post processing.
- exiting R&D phase moving into commercialisation phase
- 3 centres reached 180 patients in 5 months (fast)
- First responder (Gen2) - no name for device yet, ~ 10kg
- emu - later next year commercialisation/in the market
- emu because predicate device for Gen2
- Milestone - FDA engagement - sets what success looks like
- stage 3 trials
emu - health human then air and road ambulance trials, regulatory submission approval.
- then future (non dilution) grant opportunities and commercial opportunities
- BIG names out there from large key hospitals in the USA - are enquiring
Clear path to selling and FDA approval.
? could it be taken out early - other players or PE? - depends on what shareholders say.
Large global OEM - the don't tend to be developers themselves of novel products.
https://www.aumanufacturing.com.au/medtech-innovator-explains-the-rush-to-save-brainsanother podcast! (recorded later 2023)
"The first goal is get it in 10, 20, 30 per cent of the [ambulance] fleet and then prove it out that it should be in every ambulance.”
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Episode guide
0:50 – EMVision’s story and why Kirkland joined as a co-founder.
1:40 – What kind of company they are.
2:20 – Further origin story info, including the role of University of Queensland’s Uniquest.
3:15 – The problem of strokes internationally, and the current limitations to diagnosis and treatment.
4:30 – Time is brain. “…About 1.9 million brain cells dying every minute, and the earlier you can intervene, the better the outcome.”
6:10 – About 15 million strokes a year and 50 – 65 million TBI cases a year.
7:16 – Hopefully one day as ambiguous as a defibrillator. “That is the ultimate objective.”
8:24 – The business model.
10:02 – Off-the-shelf and other electronics used in the company’s scanners.
11:10 – Macquarie Park and the benefit of using nearby medtech companies’ “hindsight as our foresight”.
12:07 – Let’s talk about innovation
12:55 – Let’s continue to talk about innovation, specifically in the Australian context and what can be done to improve this.
14:05 – What 2024 could deliver for the company.
15:08 – A few thoughts on the importance of creating and capturing value here, rather than offloading this to overseas interests, and of continuing to do what’s fulfilling.
(20min delay)