Vascular News 84 – November 2019 US Edition

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November 2019 | Issue 84 Ian Loftus:

Celia Riga:

Robotic technology

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Profile

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“Beware vulture capitalists”: Renowned inventor Thomas Fogarty outlines keys to success as medical device innovator and entrepreneur The pursuit of financial gain can often cloud the mission of innovation, Thomas Fogarty told a gathering at the inaugural International Society of Endovascular Specialists (ISEVS; 16–18 September, Houston, USA) Symposium in the keynote lecture.

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ometimes people want to make so much money, they lose sight of what they’re here for,” said Fogarty (Fogarty Institute for Innovation, Mountain View, USA) of his experiences as both an innovator and an investor. “We all like to make money, but if that’s all you’re focused on I don’t want to be around them.” The remarks came in answer to a question posed by Alan Lumsden (Houston Methodist, Houston, USA) that sought to establish the most common mistakes young surgeon–innovators make when attempting to follow in the footsteps of people such as Fogarty. The worldrenowned cardiovascular surgeon and inventor answered by talking about his experience with a venture capitalist company, which he helped found. He said: “Do you know what a venture capitalist is? Well, I was one of those once. In fact I co-founded a company. I think it was 18 months later that they kicked me out. Why? Venture capitalists are nothing but vultures. I call them vulture capitalists. That’s a very appropriate name … you can’t work with people who have the wrong motives.” Fogarty pointed out another innovation hazard among emerging inventors: “If they’re very young, they think they know so much, and they’re so focused on being important by knowing so much,” he said. Fogarty, whose inventions include the balloon catheter and the AneuRx stent graft, required little introduction owing to his stature in the cardiovascular surgery world. But Lumsden, chief of cardiovascular surgery at

Houston Methodist and host of the symposium, kicked off proceedings by telling the story of the Fogarty catheter’s genesis in the inventor’s passion for fishing, outlining how Fogarty came up with the idea and produced a prototype by tying the fingertip of a latex glove to a hollow tube with a piece of fishing line. “It moves clots unlike anything else,” said Lumsden. Rod White (Long Beach Memorial Care Heart & Vascular Institute, Long Beach, USA) then introduced the lecture, setting a mirthful tone that was to run throughout. “If you look at this whole list of things [that Tom has achieved], he started off as a boxer—so that explains some of the stuff that’s going on.” More seriously, White also referred to an important lesson he learned while working with Fogarty: “Be the first one to know when a technology is not going to work.” The address—entitled “What’s Innovation?”—saw Fogarty open by proclaiming: “Some of my best mentees are now my best mentors. A lot of guys are now

If you innovate, that technology can be used by other physicians. You multiply what a surgeon does.”

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New patientlevel data “likely inadequate” to determine paclitaxel mortality signal A new meta-analysis from the VIVA/ NAMSA independent, patient-level data analysis shows a mortality risk that is slightly lower than the update revealed in June at the US Food and Drug Administration (FDA) device panel. While the investigators describe the analysis as “the most comprehensive […] of the available independent patient-level data to date”, they concede that—with less than 1,000 randomised controlled trial patients with long-term data—the result is “likely inadequate” to confirm either the presence, absence, or causality of a mortality signal. AT THE RECENT Transcatheter Cardiovascular Therapeutics annual meeting (TCT 2019; 24–28 September, San Francisco, USA), lead investigator Krishna Rocha-Singh (Prairie Heart Institute, Springfield, USA) reported a hazard ratio of 1.27 (95% confidence interval [CI] 1.03–1.58). The last update, presented at the FDA panel in June, was a hazard ratio of 1.38 (95% CI 1.06–1.8). “This updated meta-analysis, which represents the most comprehensive analysis of available individual patient data to date, demonstrated a modest and consistent mortality signal in patients exposed to paclitaxel. However, it did not identify any explanation,” Rocha-Singh told delegates at TCT. In December 2018, Katsanos et al described a Continued on page 4

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