After nearly a decade of research and
development, BioSig Tech could be poised to break into the nearly $5 billion
global electrophysiology market.
In the spring of 2018, the West Los
Angeles-based medical device company has filed for federal approval for a medical device that can help doctors target the cells that cause arrhythmias,
or irregular heartbeats, which increase the risks of cardiac problems and
stroke.
This biomedical device, called PURE EP, aims to cut
through the background noise of the operating room and its equipment in order
to allow doctors to pinpoint parts of the heart that cause atrial fibrillation
and ventricular tachycardia.
The heart’s bioelectronic signals are displayed
on monitors as clearly defined graphs by the PURE EP System. These signals can
be quickly and easily understood by doctors, so they don’t have to stop and
review the signals for the accuracy or filter them.
The BioSig Tech system removes all interference
and artifact. This system presents clear information to the surgeons, to help
guide their procedures.
Nearly 34 million people worldwide are affected
by atrial fibrillation, the most common arrhythmia, including 6.1 million in
the U.S.
The $4.6 billion global market for electrophysiology is expected to reach $8.3 billion by 2022.
Precise treatment
BioSig Tech’s PURE EP device is a biomedical
signal processing platform. It helps cardiologists perform catheter
ablation, a procedure that can lessen arrhythmias.
This system has the goal to decipher the high-frequency signals used by doctors to discover which abnormal electrical pathways
in the heart have caused an irregular heartbeat.
After the offending tissue was “burn” with
radiofrequency energy, the Pure EP can tell doctors whether they were
successful or not. The number of subsequent procedures can be reduced by more accurate targeting.
BioSig Tech is taking signal processing that’s
been around for many years and is applying it to electrophysiology. BioSig
Tech is giving them the precise information that they never had before.
The shares of this company trade over the counter. This
company is pre-revenue. It has posted a loss of $12.8 million last year and has
raised $35 million in funding, including $3.5 million from its founder Kenneth Londoner.
BioSig Tech has 19 employees in Los Angeles, and
an administrative office in Austin, Texas.
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