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Sanovas Prepares for Global Expansion by Creating Innovation Center and Venture Capital Fund in China


Expansion opportunity positions company’s innovation engine at the heart of the world’s fastest growing biotechnology innovation hub and establishes a $75M venture capital fund to complete development and commercialization of company’s groundbreaking technologies in Surgical Imaging, Thoracic Oncology, Interventional Pulmonology, E.N.T.,Ophthalmology and Bioscience.

 

SAN RAFAEL, Calif. ─ June 19, 2017 ─ Sanovas, Inc., a Life Science technology company innovating the next-generation of micro-invasive medical technologies, announced today that it has achieved an agreement with the People’s Government of Suzhou, China, to establish a venture capital fund and Innovation Center at the Suzhou Institute of Nanotechnology and NanoBionics (SINANO) at the Chinese Academy of Sciences located within the Suzhou Industrial Park Biotechnology Innovation Center at BioBay, to advance the company’s innovations and sales in China. 

“We respect Sanovas and the company’s approach to developing innovative technologies and improving treatments in medicine for so many,” stated Xiang Wang, Mayor of Suzhou City, Jiangsu Province, China. 

Sanovas Suzhou will operate as a Wholly Foreign Owned Enterprise in China. The Sanovas Suzhou Venture Capital Fund will directly invest upwards of $75M in the development and growth of Sanovas’ groundbreaking innovations in Surgical Imaging, Thoracic Oncology, Interventional Pulmonology, E.N.T., Ophthalmology and Bioscience.

The transaction creates multiple opportunities for Sanovas in China; to include the 30,000 sq. ft. Innovation Center SINANO at BioBay. The agreement provides Sanovas with access to scientific, technology and medical collaboration with SINANO faculty, scientists, engineers, doctors, and local hospitals to aide Sanovas’ ongoing efforts to miniaturize and advance medical technologies and therapies to improve access (through affordability and portability) to care for our global society.

"Through positive relations and the forging of solid friendships, we have joined hands with the People's Government of Suzhou and Suzhou Industrial Park Biotechnology Innovation Center to bring Sanovas’ innovation engine to one of the largest and best-planned life science innovation hubs in the world,” said Larry Gerrans, Sanovas Founder and CEO.  Consistent with Sanovas’ inspiration to surround its excellence with the very best minds and the very best talents throughout the world, the Suzhou Institute of Nanotechnology and NanoBionics, the Chinese Academy of Sciences and BioBay strongly position Sanovas at the ‘tip of the spear’ for the 21st Century’s breakthroughs in Life Science.”

The China-Singapore Suzhou Industrial Park (SIP), encompassing more than 111 sq. miles of dedicated biotechnology facilities and infrastructure recently celebrated its 20th anniversary. Suzhou’s proximity to the Shanghai financial hub and its educated, skilled talent pool has enabled SIP’s expansive growth and its ranking as the best industrial park in China.  In 2015, Suzhou City was ranked as the 7th largest city in China by GDP, grossing over $211B. With a population nearing 11 million citizens Suzhou City is home to more than 25,000 companies, of which over 100 are Fortune 500 firms. 

“We are proud to invite Sanovas to build the future of medicine in BioBay. Sanovas technologies can save lives and improve treatments for much more people in China and the world!” said YU Jiqiang, Director, Chairman Suzhou Industrial Park Biotechnology Innovation Center at BioBay. “The Suzhou Industrial Park is strongly supported by the National Biotech Innovation Center of China and is ranked #1 among China’s National High-Level Industrial Parks as determined by the China Ministry of Commerce. Sanovas is a company that will help keep us number 1.”

Sanovas’ presence in SINANO will also benefit from collaboration with many the world’s top scientists and researchers, including the Oxford University Research Institute in Suzhou Industrial Park. 

"This agreement creates a venture capital fund purposed solely for advancing the capitalization for Sanovas' intellectual properties, technologies, and products in China.  It establishes a state of the art biotechnology facility in SINANO and BioBay, one of the largest think tanks and commercial enterprise zones for advancing scientific and medical innovation in the world.  
It brings over $75 million in capitalization for Sanovas' expansion in China; the incorporation of five of Sanovas subsidiaries in China,  and firmly positions Sanovas for long-term growth in the China market, the second largest consumer market in the world for medical technology, for years to come," said Gerrans.

About Sanovas
Sanovas is redefining intervention with access, imaging, and measurement technologies that enable physicians to perform more interventional procedures, in more places, more affordably. The company is dedicated to developing the full continuum of best-in-class minimally invasive diagnostic and therapeutic technologies and solutions that are affordable, accessible, and safe across multiple procedures and specialty areas.

Contact: 
Steve Goldsmith
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415-729-9391 extension 1023

Company Focus: Redefining Intervention

Sanovas is redefining intervention with access, imaging, and measurement technologies that enable physicians to perform MORE interventional procedures, in MORE places, MORE affordably. The company is dedicated to developing the full continuum of best-in-class minimally invasive diagnostic and therapeutic technologies and solutions that are affordable, accessible, and safe across multiple procedures and specialty areas.

For physicians and their patients around the world, Sanovas interventional technologies will improve access to advanced minimally invasive diagnostic and therapeutic procedures in millions of healthcare facilities and practices:

  • Enabling safe, reliable working access in small and previously inaccessible anatomic spaces.
  • Making visualization and imaging technologies portable, versatile, and more affordable to hospitals and healthcare facilities globally.
  • Enabling advanced local diagnostic and therapeutic interventions throughout the body.
  • Leveraging core platform micro technologies across multiple medical specialties.

In summary, Sanovas is a company solving big healthcare market access, safety, quality, and cost problems while growing the minimally invasive interventions market. Working with physicians and hospital executives, Sanovas is leading the way in making minimally invasive interventions more accessible, affordable, and safe around the world. 

Taking AIM At Making Interventions More Accessible, Affordable, and Safe

Minimally Invasive Surgery (MIS), the ability to perform medical interventions through small “key holes” versus large, open incisions, has flourished over the past 20 years. Now however, the necessity to go farther and do more has created the opportunity for innovation and technology to redefine MIS and to make what is now possible accessible, affordable, and safe for more people.

Sanovas’ core micro technology platform is built on the principal of improving the AIM – Access, Imaging, and Measurement – of physicians performing diagnostic and therapeutic interventions. As a result of our adherence to the AIM principal, our portfolio provides physicians and hospitals with the ability to:

  • Access Accessing remote small diameter and challenging anatomies that were previously inaccessible
  • Imaging Visualizing anatomies in new, innovative ways that enables safe procedures and dramatically reduces the costs associated with endoscopy and procedural visualization
  • Measurement Enabling physicians with the physiologic intelligence of the anatomy and related pathology to understand and control the procedural environment in small anatomic spaces
  • Diagnostics Making diagnostic procedures in challenging anatomies safe and accessible and reducing cost and complexity to expand access to advanced diagnostic procedures for millions of people in healthcare facilities worldwide
  • Therapeutics Providing physicians with ‘patient friendly’ tools to provide advanced local therapies in challenging anatomies and to reduce toxicity and risks associated with conventional surgery or chemical therapies

It is estimated that millions more healthcare providers will be able to affordably offer diagnostic and therapeutic interventions for their communities because of Sanovas’ platform micro technologies. For example, scopes, cameras and other devices made with MicroCam Imaging™ technology are projected to reduce endoscopy costs by up to 80% and eliminate as much as 90% of the associated capital equipment requirements for hospitals and healthcare facilities.

And, Sanovas access, imaging, and measurement technologies will enable physicians to safely perform advanced, multi-instrument and multi-modal diagnostic and therapeutic procedures in previously inaccessible anatomies. These procedures will make localized, interventional treatments for lung cancer and other serious diseases available to millions of people – reducing the need for open surgeries and treatments that create systemic toxicity.

Meeting One Challenge Led To A World Of Solutions

Sanovas’ was founded with the humanitarian inspiration to treat and cure Lung Cancer and related pulmonary diseases. The genesis for this inspiration was rooted in the real life experiences of Sanovas’ Founder, Larry Gerrans, who relates “I watched my teammate in elementary school almost die from an Asthma attack. I can’t remember my grandmother without an oxygen hose in her nose, and she rarely left her house. I lost my best friend’s Mom, who was a surrogate mother to me, to Lung Cancer within days of her diagnosis. I never got the chance to say goodbye to her.”

Through the discovery process of creating the solutions required to diagnose and treat the lungs, it was found that an integrated set of tools and a systems based approach was required. And, the Sanovas team determined that these technologies had application across a range of disease states and medical specialties.

“We learned that the lungs have long been recognized as the last frontier in interventional medicine,” explains Larry. “This is due to the complexity of their small airways, and the fact that they cannot be ‘turned off’ to be repaired. “Consequently, doctors must operate on a live, breathing anatomy. This is analogous to being repelled into the mouth of an angry volcano where you have hot lava (i.e., blood and mucous) spewing at you,” says Larry, “where hot air is rushing at you from below while cold air is coming down from above, creating a foggy atmosphere that is tough to see through. “What’s even worse is that in the small, tight spaces of the bronchioles the airway walls are constantly moving in and out, creating motion artifact that can give the doctor spatial nausea, vertigo and motion sickness,” Larry adds. These lessons learned in developing technologies that will work in the lungs, will have significant application in challenging vasculatures and other tubular anatomies.

“A sick lung is tough terrain and a hostile environment. Regrettably, as a result, most people with complex airways have long been sent home or to hospice. But this is all about to change,” says Larry. “Industry and government are converging on interventional pulmonology, a relatively new field in pulmonary medicine. We are making it a national priority, and we are going to get this right. The impact of chronic non-communicable pulmonary disease on the US GDP is colossal. We are going to lessen that impact…and more.”

Why Interventions Need To Be Redefined

Medical interventions, the ability to access the body without surgery to diagnose and treat, have flourished in the past few decades. Now, however; opportunity and necessity have combined to redefine what is possible through interventions and to make what is possible accessible, affordable, and safe for more people.

It is estimated that millions more healthcare providers will be able to affordably offer diagnostic and therapeutic interventions for their communities because of Sanovas' platform micro technologies. For example: scopes, cameras, and other devices made with MicroCamTM Imaging technology are projected to reduce endoscopy costs by up to 80% and eliminate as much as 90% of the associated capital equipment requirements for hospitals and healthcare facilities.

And, Sanovas access, imaging, and measurement technologies will enable physicians to safely perform advanced, multi-instrument and multi-modal diagnostic and therapeutic procedures in previously inaccessible anatomies. These procedures will make localized, interventional treatments for lung cancer and other serious diseases available to millions of people - reducing the need for open surgeries and treatments that create systemic toxicity.

Core Micro Technologies

The Sanovas product portfolio is built on a platform of core micro technologies. These access, imaging, measurement, diagnostic, and therapeutic technologies have application across multiple products and medical specialties. The Sanovas core micro technologies contribute to making advanced diagnostic and therapeutic interventions accessible, affordable, and safe in small anatomic spaces. These core micro technology platforms are:

  • ViaTM Working Channels
  • VasZeppelinTM Smart Catheters
  • MicroCamTM Imaging Technologies
  • StablePathTM Catheter Anchoring Technology
  • PhysioSenseTM Physiologic Measurement Systems
  • CytoVasTM Tissue Collection Technology
  • NanoVasTM Local Therapy Delivery Systems

Business Units

Sanovas' commercial business is segmented into business units that leverage cost-effective delivery of advanced diagnostic and therapeutic interventions enabled by our core micro technology platforms. Each business unit focuses on a specific target audience. These current business units are

  • Imaging Technologies: Excellent in-situ visualization for unprecedented access to small anatomic spaces, dramatic endoscopy-related cost reductions, and imaging in the non-visible spectrum to enable advanced diagnostic and therapeutic interventions.
  • Interventional Lung: Minimally invasive, localized advanced diagnostic and therapeutic interventions for a range of lung pathologies.
  • Interventional ENT: Minimally invasive, localized, advanced diagnostic and therapeutic interventions for a range of head and neck pathologies.
  • Interventional Uro & Gyn: Minimally invasive, localized, advanced diagnostic and therapeutic interventions for a range of urologic and gynecologic pathologies.
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FDA REGULATORY DISCLOSURE:
Sanovas Inc. is an emerging technology company. These products are investigational medical devices that have not been approved or cleared for use in the United States.