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TIMELINE

2023 Q3

GLP Pre-clinical Trial

At the stage of pivotal GLP (Good Laboratory Practice) pre-clinical trial, a control and treatment group of approximately 20 sheep models would undergo a study lasting up to 18 months in total. The first phase of the preclinical trial would involve congestive heart failure model creation in both control and treatment groups. The second phase of the pre-clinical trial would involve treatment intervention using the flow modulation stent for sheep models in the treatment group. Following harvesting of data and analysis of outcomes, an exit strategy involving acquisition by a larger strategic medical device company may be decided.

2024 Q4

First in Man

After receiving regulatory approval in Europe or the US, we hope to conduct a first in man trial with up to 4 patients lasting a total duration of up to 12 months. If clinical end-points indicate safety and efficacy, further fundraising may be done via commercial partnerships to complete a full-scale human trial in collaboration with a contract research organization. At this stage an exit strategy involving acquisition by a larger strategic medical device company may be decided.

2026 Q4

Regulatory Submissions to FDA and EU regulators

2028 Q1

International Distribution

Distribution of the internationally approved product may be done via a direct sales force or via a strategic partnership with a specialized distributor within each respective country.

2024 Q3

Investigational Device Exemption Submission

2025 Q4

Clinical Trials

2027 Q3

Domestic Distribution

Distribution of the domestically approved product may be done via a direct sales force or via a strategic partnership with a well-established distributor.

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