Vycor (OTCQB:VYCO) Signs Agreement with HealthSouth
(NYSE:HLS) for Second NovaVision Therapy Product
BOCA RATON, Florida - June 8, 2015
(Investorideas.com Newswire) - Vycor Medical, Inc. ("Vycor") (VYCO), a provider of innovative and superior surgical
and therapeutic solutions, announced that it has entered into an agreement with
HealthSouth Corporation (NYSE:HLS) to make available its NeuroEyeCoach Professional Center therapy
program to participating HealthSouth hospitals, following a 3-month trial of
the therapy in two HealthSouth locations.
NeuroEyeCoach is NovaVision's eye movement
compensation therapy for those patients who have suffered a cerebral visual
field disorder as a result of a stroke or brain injury and is designed to
improve a patient's ability to scan their environment more efficiently. The
program is based on several decades of scientific research pioneered by
Professor Josef Zihl at the Max Planck Institute in Munich that has been the
subject of numerous clinical studies. Participating HealthSouth hospitals will
use the program to treat patients while in their care. In contrast to other
clinic-based saccadic programs, NeuroEyeCoach is a full-course therapy
dedicated to cerebral visual field disorders and can be continued by the
patient in their home environment.
This agreement follows the approval by HealthSouth
in late 2014 to make available its VIDIT diagnostic to their hospital network
and NovaVision is installing devices into this network. The NovaVision VIDIT is
the diagnostic component of the Company's Vision Restoration Therapy (VRT) and
is used to perform high-resolution visual field tests to screen for central
visual field deficits commonly associated with stroke or brain injury. The
ability for Health South physicians to be able to quickly identify visual
disorders through the effective screening program is highlighted by the fact
that approximately one-third of stroke or other brain injury patients suffer
from a neurologically induced visual disorder and if this deficit goes
undetected it may adversely impact other rehabilitation modalities. Early
detection and treatment are critical steps towards improving overall patient
care, a key objective of HealthSouth.
Once diagnosed, patients are able to be treated
in-clinic with NeuroEyeCoach and referred to NovaVision for treatment following
discharge at home using VRT, which is the only FDA cleared clinically supported
therapy targeted at the restoration of lost vision resulting from neurological
brain damage such as that resulting from stroke.
HealthSouth (www.healthsouth.com) is one
of the largest providers of post-acute healthcare services in the U.S. These
two agreements therefore provide NovaVision with a source of installation and
rental income but equally as important is a potentially large source of
patients; most stroke patients will touch a rehabilitation center at some point
and HealthSouth is the largest network of stroke rehabilitation hospitals in
the U.S.
This announcement follows NovaVision's press
release in March that it had completed development of VRT 7.0, re-engineering
the therapy to be internet-delivered and streamlining business process to
enable a significant reduction in cost to the patient.
NovaVision will provide VRT and NeuroEyeCoach in
one therapy suite. NovaVision will very shortly be commencing accepting
patients with the new therapy suite which is considered by management to be the
most affordable, clinically supported, comprehensive therapy suite available on
the market to address visual disorders arising from stroke or brain injury.
About Vycor Medical, Inc.
With corporate headquarters in Boca Raton, FL,
Vycor Medical, Inc. ("Vycor") is a publicly traded company (VYCO)
dedicated to providing the medical community with innovative and superior
surgical and therapeutic solutions and has a growing portfolio of FDA cleared
medical solutions that are changing and improving lives every day. The Company
operates two business units: Vycor Medical and NovaVision, both of which adopt
a minimally or non-invasive approach. Both technologies have exceptional sales
growth potential, address large potential markets, have the requisite
regulatory approvals and are commercialized and generating revenue.
Vycor Medical's ViewSite(TM) Surgical Access
Systems (VBAS) is a suite of clear cylindrical minimally invasive disposable
devices that hold the potential for speedier, safer and more economical brain
surgeries and a quicker patient discharge. VBAS is designed to optimize
neurosurgical site access, reduce patient risk, accelerate recovery and add
tangible value to the professional medical community. The company is ISO
13485:2003 compliant, has U.S. FDA 510(k) clearance for brain and spine
surgeries and full regulatory approvals for brain in Australia, Canada, China,
Europe (EU - Class III), Korea and Japan and is seeking or has partial regulatory
approvals in Brazil, India, Russia, Taiwan and Vietnam. For an overview of
Vycor Medical's VBAS see VBAS Video.
NovaVision develops and provides science-driven
neurostimulation therapy and other medical technologies that help improve and
partially restore sight in patients with neurological vision impairments. The
company's proprietary Visual Restoration Therapy(R) (VRT) platform is
clinically supported to improve lost vision resulting from stroke, traumatic
brain injury (“TBI”), or other acquired brain injuries. VRT is the only FDA
510K cleared medical device in the U.S. aimed at the restoration of vision for
neurologically induced vision loss and can be prescribed by any Physician. VRT
also has CE Marking for the EU. NovaVision also provides Neuro Eye Therapy
(NeET) in the EU, aimed at increasing visual sensitivity deep within the field
defect.
The Company has also developed a therapy called
NeuroEyeCoach(TM). The NeuroEyeCoach(TM) therapy is highly complementary to
VRT(TM). The two therapies address different visual disabilities each of which
results from neurologically-induced vision loss - a loss of visual field as
well as difficulty with eye movement, affecting the ability to integrate visual
information. VRT provides partial restoration of the patient’s lost visual
field; NeuroEyeCoach(TM) is designed to increase the efficiency of eye movement
and re-train the patients’ ability to integrate visual information between the
left and right hand side. For an overview of NovaVision see NovaVision Video.
For the latest information on the company,
including media and other coverage, and to learn more, please go online at www.vycormedical.com, www.vycorvbas.com or www.novavision.com.
Safe Harbor Statement
Information in this document constitute
forward-looking statements or statements which may be deemed or construed to be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. The words "forecast", "anticipate",
"estimate", "project", "intend",
"expect", "should", "believe", and similar
expressions are intended to identify forward-looking statements. These
forward-looking statements involve, and are subject to known and unknown risks,
uncertainties and other factors which could cause Vycor Medical's actual
results, performance (financial or operating) or achievements to differ from
the future results, performance (financial or operating) or achievements
expressed or implied by such forward-looking statements. The risks,
uncertainties and other factors are more fully discussed in Vycor Medical’s
filings with the U.S. Securities and Exchange Commission. All forward-looking
statements attributable to Vycor Medical herein are expressly qualified in
their entirety by the above-mentioned cautionary statement. Vycor Medical
disclaims any obligation to update forward-looking statements contained in this
estimate, except as may be required by law.
Vycor Medical, Inc. Contacts:
SOURCE: Vycor Medical, Inc.
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