Cardiac Science Receives Approval From the Japanese Ministry of Health to Market Its Biphasic Version AEDs in Japan
August 25 2005 - 4:00PM
PR Newswire (US)
IRVINE, Calif., Aug. 25 /PRNewswire-FirstCall/ -- Cardiac Science
Inc. (NASDAQ:DFIB), a leading U.S. manufacturer of life-saving
automatic public-access defibrillators (AEDs), announced today that
it has received approval from the Japanese Ministry of Health,
Labor and Welfare (MHLW) to market a biphasic version of the
Company's AEDs in Japan. The biphasic AED product, a
private-labeled OEM version of Cardiac Science's flagship
Powerheart(R) AED, will be marketed in Japan under the
CardioLife(R) brand name by Nihon Kohden Corporation, (Tokyo: JP:
6849), Japan's largest medical device manufacturer. "This is a
major milestone for Cardiac Science, one that will allow us to
begin realizing significant sales in Japan as we enter the fourth
quarter of 2005 and into 2006 and beyond," said Raymond W. Cohen,
Cardiac Science Chairman and CEO. "This biphasic submission has
been under review by Japanese regulators for over two years, well
beyond our initial expectation. As AED demand has grown in Japan,
so has the demand for biphasic version AEDs. This regulatory delay
has allowed one of our competitors with an approved biphasic
version to make up ground in this market. As a result, our 2005
shipments to Japan dropped off substantially from strong second
half 2004 levels. We are now able to get aggressively back on the
playing field and continue making inroads into this important
market. As mentioned in our recent investor conference call, Nihon
Kohden reports that substantial demand exists for our biphasic AED
product. The product is now ready for shipment and we are confident
that with our biphasic version AED will allow us to regain our
previous momentum," said Cohen. Tokyo-based Nihon Kohden, which has
approximately 650 sales people in Japan, began selling Cardiac
Science-manufactured AEDs in the second quarter of 2002 and quickly
became the AED market share leader in Japan by selling
approximately 10,000 Cardiac Science-manufactured AEDs to Japanese
physicians and hospitals. In 2003 Japan's MHLW approved the use of
AEDs by non-medical persons marking a significant shift in the
Japanese ministry's view toward the use of AEDs, which formerly
could only be legally used by physicians, paramedics and trained
flight attendants in airplanes. Now any Japanese citizen or
organization can deploy an AED after undergoing a course in AED
operation. About the Japanese AED Market According to published
market analysis, the Japanese AED market has the potential to be
approximately 60,000 units per year by 2010 roughly 20 percent the
size of the combined U.S. and European markets. Current buyers of
AEDs in Japan include medical and dental clinics, hospitals,
fitness centers, airports and airlines. Potential AED users in
Japan include thousands of commercial buildings and government
facilities as well as approximately 90,000 physician offices,
53,000 police, fire and emergency vehicles, 41,000 schools, 2,000
golf courses, Japan's extensive railway system and consumers. About
Cardiac Science's Patented STAR(R) Biphasic AED Technology Among
other things, AEDs employ technology that allows for an electric
shock to be delivered to the heart using either a monophasic or
biphasic defibrillation shock waveform. That is, current can travel
in a single direction throughout the shock (monophasic), or the
direction of the current can be reversed partway through the shock
(biphasic). Studies have proven that biphasic waveforms are
efficacious as compared to traditional monophasic waveforms using
similar energy levels and may decrease damage to the heart. Cardiac
Science's patented STAR(R) biphasic 'self-tracking active response'
waveform customizes the defibrillation therapy for each patient by
measuring each patient's ability to conduct electricity (impedance)
and automatically customizing the waveform for that specific
patient by varying duration, voltage and energy in order to
optimize external defibrillation efficacy. Subsequent shocks
progressively escalate to higher levels if additional shocks are
needed to convert a sudden cardiac arrest victim to a normal
rhythm. STAR biphasic has been proven in published multi-center
clinical studies to have a first shock success rate of 100% using
average energy levels of approximately 200 Joules. In clinical
studies conducted using out-of-hospital data, STAR biphasic was
able to successful restore normal patient rhythm in less than 55
seconds using only 2 shocks on average. About Nihon Kohden Nihon
Kohden Corporation, (Tokyo: JP: 6849), Japan's largest medical
device manufacturer manufactures a variety of diagnostic medical
devices including patient monitoring systems, electrocardiograms,
electroencephalograms, cardiac monitors and external
defibrillators. About Cardiac Science Cardiac Science develops,
manufactures and markets a complete line of Powerheart(R) brand,
automatic public-access defibrillators (AEDs), and offers
comprehensive AED/CPR training and AED program management services
that facilitate successful deployments. Cardiac Science also
manufactures its AED products on a private label basis for other
leading medical companies such as Nihon Kohden (Japan), Quinton
Cardiology Systems and GE Healthcare. For more information please
visit http://www.cardiacscience.com/ or call 1.949.797.3800. This
press release includes forward-looking statements. These statements
may be identified by the use of forward-looking terminology such as
"anticipate," "believe," "continue," "could," "estimate," "expect,"
"intend," "may," "might," "plan," "potential," "predict," "should,"
or "will," or the negative thereof or other variations thereon or
comparable terminology. Cardiac Science has based these
forward-looking statements on the current expectations,
assumptions, estimates and projections. While Cardiac Science
believes the regulatory approval in Japan to be a benefit to the
company and that it will allow sales in that region to improve in
the coming periods , these expectations, assumptions, estimates and
projections, while reasonable, are forward-looking statements and
are only predictions and involve known and unknown risks and
uncertainties, many of which are beyond our control. Certain
factors, including those discussed in Cardiac Sciences' Annual
Report on Form 10-K for the year ended December 31, 2004, under the
heading "Risk Factors," may cause the actual results, performance
or achievements to differ materially from any future results,
performance or achievements expressed or implied by these
forward-looking statements. Given these risks and uncertainties,
you are cautioned not to place undue reliance on such
forward-looking statements. We do not undertake any obligation to
update any such statements or to publicly announce the results of
any revisions to any such statements to reflect future events or
developments. Contact: Matt Clawson (Investors) Michael D.
Gioffredi Len Hall (Media) Chief Marketing Officer Allen &
Caron Inc Cardiac Science, Inc. (949) 474-4300 (949) 797-3800
DATASOURCE: Cardiac Science Inc. CONTACT: Investors, Matt Clawson,
, or Media, Len Hall, , both of Allen & Caron Inc,
+1-949-474-4300, for Cardiac Science, Inc.; or Michael D.
Gioffredi, Chief Marketing Officer of Cardiac Science, Inc.,
+1-949-797-3800, Web site: http://www.cardiacscience.com/
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