SoniVie completes first PAH catheter procedures

SoniVie catheter
SoniVie catheter

The Accelmed portfolio company has developed a novel system for the treatment of pulmonary arterial hypertension.

Israeli startup SoniVie, which has developed a novel system for the treatment of pulmonary arterial hypertension (PAH), announced today that it has successfully completed the first two procedures for its First In Human (FIH) multi-center clinical trial.

Based in Rosh Ha'ayin, SoniVie has developed a dedicated therapeutic catheter (TIVUS - Therapeutic Intra-Vascular Ultrasound) that offers a unique treatment for PAH, a progressive and fatal illness with no cure, to date. Patients with this disease have an average life expectancy of five years. Procedures were performed as part of a clinical study which will include 15 patients in leading centers in Europe (Belgium, UK, Austria) and Israel with a 1 year follow up period. The first procedures were performed by Dr. Pr. Jean-luc Vachiery, at Hôpital Erasme, Brussels Belgium, a large center in Europe for the treatment of pulmonary hypertension.

SoniVie was founded by Israeli medical device investment fund Accelmed, as part of its Targeted Innovation investment model. Following the recommendation of Accelmed cofounder and chairman Mori Arkin, and leading cardiology experts, technology originally developed for renal denervation to control systemic blood pressure for Cardiosonic Inc., was identified and spun out into the field of pulmonary hypertension. Dr. Martin Leon from the Center for Interventional Vascular Therapy Columbia University Medical Center / New York-Presbyterian Hospital, a cardiologist who is considered the world's most influential interventional cardiologist, is Sonievie's medical director. To date, Accelmed has invested $3 million in SoniVie.

Pulmonary hypertension results in stiffening of the lung's small blood vessels. This causes elevated pulmonary-artery pressure leading to deteriorated functioning of the heart, and an average survival rate of five years. In the US alone there are five million patients suffering from PAH while current drug treatments are suited only to a small sub group of several tens of thousands of patients. The market potential is estimated at $6.5 billion.

SoniVie’s TIVUS catheter is inserted into the pulmonary artery, in a catheterization procedure, and selectively damages nerves associated with disease activity without touching the vessel walls or damaging the adjacent tissues. This treatment may significantly slow down the disease progression.

SoniVie CEO Assaf Bernstein said: "We are excited about the completion of the first two therapeutic procedures in patients. The clinical team will monitor the patients in accordance with the clinical protocol and we hope to report clinical improvement in these patients and others over the coming year."

In October 2015 SoniVie won first prize in the innovative companies’ competition at the TCT 2015 - most meaningful interventional cardiology conference held in the US.

Published by Globes [online], Israel business news - www.globes-online.com - on March 8, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

SoniVie catheter
SoniVie catheter
Commuter jam credit: Eyal Izhar Israeli commuters impose 45 minute limit

Data show that employees would rather change jobs than travel longer, so companies with fast public transport access find it easiest to hire.

Intel's 2025 vision credit: Intel Will Intel's sell-off include Israeli assets?

After the sale of Altera, "Globes" considers whether the troubled chipmaker will sell Mobileye or its Kiryat Gat fab.

CloudShare management team credit: PR Bow River Capital buys Israeli co CloudShare

The Denver-based alternative asset manager is paying an estimated $60-80 million for the SaaS provider of AI guided solutions for complex technical training requirements.

Housing prices continue to rise   credit: Tali Bogdanovsky Israel's housing price rise riddle

Despite a huge inventory of unsold new homes in central Israel and weak sales, apartment prices are still rising. "Globes" analyzes the data.

Inflation  credit: Tali Bogdanovsky March CPI higher than expected, housing prices rise

The March reading brings annual inflation in Israel down to 3.3% from 3.4% at the end of February.

Ben Gurion airport credit: Tali Bogdanovsky Abundance of affordable last minute Passover flight deals

The return of foreign airlines to Israel has brought down fares dramatically even for last minute vacations.

Karish rig  credit: Eyal Izhar Kesem Energy signs gas deals worth $2.8b

The power plant, scheduled to begin operating in 2029, will buy gas worth $2 billion from Energean and a further $700-800 million from the Tamar partners.

Kosher for Passover Coca Cola bottles credit: social media Why are yellow cap Coca Cola bottles different from all others?

Nostalgic Coca Cola aficionados claim that the kosher for Passover version, made from sugar cane instead of high fructose corn syrup, is the genuine taste of the soft drink.

Avigdor Willenz credit: Intel Exclusive: Avigdor Willenz's Element Labs raises $50m

The Israeli startup is developing AI processors for inference, the stage in which AI models are activated after they have already been trained.

Ilya Sutskever credit: Cadya Levy SSI hiring dozens in Israel

AI company Safe Superintelligence is hiring many dozens of people in Tel Aviv, "Globes" has learned.

Johny Srouji credit: Amos Ben Gershom GPO Apple SVP leads senior delegation of execs to Israel

Jony Srouji: I am always filled with renewed energy and optimism about our shared achievements when I visit our R&D centers here.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Ramat Gan, Petah Tikva, Givat Shmuel, Tiberias and Dimona.

Infinity Tower Tel Aviv credit: Courtesy Hagag Group French investors buy 2 Tel Aviv apartments for NIS 27.5m

The two apartments are in Hagag Group's Infinity Tower in the Summeil district.

El Al plane credit: Shutterstock El Al receives state approval to distribute dividend

The Israeli airline has now announced that it will be able to distribute up to 30% of net profit in 2025 and up to 40% in 2026-2028.

groundcover founders credit: Yossi Yarom Israeli observability co groundcover raises $35m

groundcover has developed a “Bring Your Own Cloud” (BYOC) observability solution, redefining the architecture of a modern observability platform.

Tel Aviv Stock Exchange credit: Shutterstock MagioreStock Foreign investment in TASE hits five-year high

Foreign investors have been flocking to the Tel Aviv Stock Exchange in recent weeks, the TASE research department tells "Globes."

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018