Revolutionary type of catheter raised €2 million from private investors
Czech company Riocath Global has introduced a world-wide unique technology applicable to tubular medical devices. This revolutionary technology has been patented and developed in collaboration with the Institute of Organic Chemistry and Biochemistry of the Czech Academy of Sciences (IOCB Prague). The urinary catheter is one of the first clinically significant applications. The clinical trials will begin by the end of this year.
The RIOCATH® (Reversal Inside-Out CATHetrisation) design greatly reduces the risk of introducing bacterial infection into the body. The current catheter is carrying on its surface microbes from the urethra tip as it makes its way through the urethra. Another danger is the damage of sensitive tissues caused by the insertion of current catheters. The new type of RIOCATH® urinary catheter will be of great benefit to a broad spectrum of patients. Reduction in bacterial infections should contribute significantly to reducing the need for antibiotic treatment. All of this should contribute to significant savings in the health care system and more comfortable patient care. “Unlike old catheters whose casing rubs on the urethra´s wall during insertion, the new technology allows for the catheter to extend by unfolding itself from the inside out, virtually imitating a snail´s eye stalk,” explains Miroslav Svoboda, MD, the project initiator, co-inventor and the CEO of Riocath Global.
“Upon completion of clinical trials and marketing of the catheter, the estimated value of the company will grow to tens of millions of euros. Apart from urinary catheters, the principal can be used in a number of other applications which are part of the company´s development portfolio with considerable market and therapeutic potential,” comments on the importance of the patented technology Jaromír Zahrádka, PhD., the CEO of i&i Prague and a member of the board of directors of the Riocath Global. responsible for the intellectual property protection. The first product market entry is expected in 2019.
The full press release can be found here.