PlatiNUM Medical Products Essays - Medical Devices,

PlatiNUM Medical Products Brief Review of PlatiNUM's Medical Products and the Additional Funding Chief Investment Officer Westwood Ventures Irvine, California Prepared by Andrew S. McAlister, CEO, Co-Founder Jason J. Smith, Senior Vice President, Co-Founder December 6, 1999 TO: Mr. Greg Krel, Chief Investment Officer FROM: Andrew S. , Chief Executive Officer, Co-Founder Jason J. , Senior Vice President, Co-Founder DATE: December 6, 1999 SUBJECT: Report on purpose of additional funding required for future development of PlatiNUM Medical, Inc. This is the report on the latest cardiovascular medical device that you requested on November 17, 1999. This report discusses in explicit detail how we came to develop such an effective device. The research and study methods, which were used, will be introduced. We met with Doctors and patients in order to get accurate details from both parties. These surveys were conducted in both the United States and in several European Nations. As you can see, we have studied all angles, and have developed a product superior to our competitors. Our device, the "PlatiNUM Device" offers the best in medical technology. PlatiNUM's development involved taking the best of other procedures and rolling it into one multipurpose device. While eliminating the bad possibilities, which could occur with other methods. Thank you for taking the time to read our proposal and allowing PlatiNUM the chance to further benefit the world with safer, more effective medical technology. On behalf of PlatiNUM Medical, Inc. and all of our staff we are confident that this report will convince you to make the right choice, and help put an end to the suffering of the millions of people with heart disease. SUMMARY PlatiNUM Medical, Inc. was founded in 1995 and is located in Irvine, California, centrally located in one of the leading medical device development areas in the country. Our company is the leader in the development of a new type of medical device for treating cardiovascular disease, also known as heart disease. Despite on going efforts to combat this disease, no other promising instruments have been introduced. The need still remains for a device that can easily and safely remove dangerous tissues found in the arteries and other problems associated with the heart. Through the past four years PlatiNUM has conducted research in the U.S. as well as Europe. Surveys and interviews were held with leading cardiovascular physicians to determine the best features for the device. When this process was completed, we then took the next step, which involved patient surveys and gathered input on what they thought was needed. Although our research and data collecting will never end, the past four years has given us the specifications, which must be met in the product that we developed. Our research has led to the following: (1) A device, which eliminates all possible complications, associated with heart disease today. (2) Something that would not be as dangerous and risky as By-pass surgery. (3) A device which is simple to use and requires no additional training. (4) Finally, a device which is affordable, and efficient. PlatiNUM has developed a device that meets and exceeds all of these strict standards. The PlatiNUM device with our patented "Omni Cutter" does the trick. Hopefully, in the near future the citizens of the world who suffer from heart disease will be fortunate to have this device available. Physician Comments about the PlatiNUM device: "Best device ever for treating Heart Disease" Thomas Ischeinger, MD "Best device ever for Failed Bypass" David Cox, MD "Incredibly easy to set up and use...... adoption will be fast" Gregg Stone, MD iv DISCUSSION ON THE ISSUE OF PREVENTING HEART DISEASE AND COMPLICATIONS Introduction Heart problems are a way of life for many Americans throughout the nation. Whether it is heredity, our diets, or some other cause. Heart disease and related problems kill 10 million Americans annually with numbers on the rise. With these skyrocketing numbers, it shows that something needs to be done about this horrible condition. Fatality rates due to heart disease need to come down, and the millions of Americans who suffer from these problems deserve to lead happier, healthier lives. The methods used today are drastically failing and do not have promising success rates. Highly respected medical physicians such as Dr. Thomas Ischeinger, Dr. David Cox, and Dr. Gregg Stone will tell you the same. This is why PlatiNUM felt the need to develop a new, safer device. A device that will drastically bring down the fatality rates involved with heart disease. Purpose for the Research: The purpose for our research was to develop a device, which