REVEEL GENTLE, FAST and EASY Laparoscopic Retraction PRODUCT OVERVIEW for PUSULA MEDICAL CONFIDENTIAL - RETRACTION LIMITED 1 Why something better? Obesity and upper abdomen procedures are a large market Patients are getting heavier, as are their organs Liver retraction poses special problems in obese patients Existing retractors are ineffective and injure patients REVEEL is designed to overcome these challenges CONFIDENTIAL - RETRACTION LIMITED 2 Obesity: a global problem 400 million people across the world are considered obese 15% 15% US 70% EU 700 million people are expected to be obese by 2015 ROW Obese Population in the World (2009): Percentage by Region [3.1] [3.1] Bariatric (Obesity) Surgical Devices - A US & European Market Report 07/09 Global Industry Analysis, Inc., 5645 Silver Creek Calley Road, San Jose, CA 95138 CONFIDENTIAL - RETRACTION LIMITED 3 Liver retraction: large opportunity 600,000 procedures require a new solution 600,000 500,000 CAGR ≥ 7% 400,000 300,000 200,000 100,000 US Upper Gut Other (3) OUS Band/Bypass/Sleeve (4) 2009 (1) (3) (4) 2010 US Band/Bypass/Sleeve (1) 2011 2012 2013 Total Upper Gut Procedures 2014 2015 Susan Cox, American Society for Metabolic and Bariatric Surgery (ASMBS) direct communication via email, dated March 29, 2010 Marketing Initiatives Clinical Plus ICD-9 Procedure Data Projections (based on all payer data) Bariatric (Obesity) Surgical Devices - A US & European Market Report 07/09 Global Industry Analysis, Inc., 5645 Silver Creek Calley Road, San Jose, CA 95138 Calculated by device revenues divided by ASP $1500/procedure to achieve procedure estimates CONFIDENTIAL - RETRACTION LIMITED 4 Heavy patients require better retractors • Obese livers create problems for surgeons – Visualization is poor – Liver slips requiring repositioning of retractor – Retraction pressure on liver is increased, causing injury – Procedures are lengthened, made more complex • Liver size and weight overwhelm current designs – Larger patients have larger, heavier livers [5.1] – Preoperative liver-reducing diets are common ‘It can be seen that as body weight increases, the liver weight increases . . . ’ [5.1] [5.1] “Relationship Between Liver Size and Body Size” Frank H. DeLand, M.D. and Wendy A. North, M.I.R. Johns Hopkins Medical Institutions 615 N. Wolfe St., Baltimore, Md. 21205 Division of Nuclear Medicine, The Johns Hopkins Medical Institutions, Baltimore, Maryland. December 1968 Radiology, 91, 1195-1198. CONFIDENTIAL - RETRACTION LIMITED 5 What is needed? A better, stronger, atraumatic retraction surface A shape that optimizes access and visualization Slip prevention without pressure Easy and fast to set up and use Cost effective: nothing to break, maintain or clean CONFIDENTIAL - RETRACTION LIMITED 6 Current retractors don’t work Too small • Liver obstructs access and view Improper shape • Liver flops into operating field Slippy with low CoF • Liver slips • High pressure / force required Poor design • Tedious to set-up • Constant repositioning Link / cable structure • Unreliable, expensive • Impossible to clean CONFIDENTIAL - RETRACTION LIMITED 7 Nathanson: dangerous and tedious • Not suitable for large livers: can injure liver [8.1][8.2] • Slips constantly • Shape allows liver to hang in visual field • Difficult to set up and requires frequent repositioning • Can only be used in medial position [8.1] Nathanson LK, “very large, fatty livers and force being exerted upwards, some damage can occur” [to the liver]. Cook Training Video CONFIDENTIAL - RETRACTION LIMITED [8.2] Tamhankar AP, Kelty CJ, Jacob G et al (2011) Retraction-Related Liver Lobe Necrosis After Laparoscopic Gastric Surgery. JSLS 15:117–121 8 Diamond-Flex: expensive, impossible to clean • Prone to breakage components deposited in patient [9.1] • Reusable but expensive to buy and to repair • Difficult and slow to set up • Impossible to clean [9.2] • Slips, requiring frequent repositioning [9.1] Diamond flex angled triangular retractor broke [during surgery]; surgeons felt they had retrieved all pieces. A postop x-ray revealed pieces of broken retractor still inside the patient. FDA Adverse Event Report CONFIDENTIAL - RETRACTION LIMITED [9.2] Radionuclide testing conducted under EU CRAFT Research program “Testing and measurement procedure for the validation of the cleaning behaviour of reusable surgical devices” (CLEANTEST) G6ST-CT-2001-50121 9 Fan Retractors: surgeons say “No!” • Traumatic: fan blades can damage liver (especially 5mm versions) • Requires 5mm or 10mm trocar • Poor rigidity • No traction features CONFIDENTIAL - RETRACTION LIMITED 10 Liver trauma: what the clinical papers say “Care should be taken to minimize intraoperative liver damage by decreasing the duration of liver retraction or using a gentle retraction method” [11.1] “Liver retraction [pressure] causes abnormal transaminase levels” [11.3] “Patient died after surgery and the death was attributed to liver infarction caused by retraction using Nathanson” [11.2] “Direct mechanical pressure may result in a transient decrease in hepatic bloodflow” [11.4] [11.1] Kinjo Y, Okabe H, Obama K et al (2011) Elevation of Liver Function Tests After Laparoscopic Gastrectomy Using a Nathanson Liver Retractor. World J Surg 35:2730–2738 [11.2] Tamhankar AP, Kelty CJ, Jacob G et al (2011) Retraction-Related Liver Lobe Necrosis After Laparoscopic Gastric Surgery. JSLS 15:117–121 [11.3] Lohlun JC, Guirguis A, Wise L (2004) Elevated Liver Enzymes Following Open Roux-en-Y Gastric Bypass for Morbid Obesity – Does Timing of Liver Retraction affect the Rise in the Levels of Transaminases? Obes Surg 14:505-508 CONFIDENTIAL - RETRACTION LIMITED [11.4] Saranita J, Soto RG, Paoli D (2003) Elevated Liver Enzymes as an Operative Complication of Gastric Bypass Surgery. Obes Surg 13:314-316 11 The Advantage TheREVEEL REVEEL advantage CONFIDENTIAL - RETRACTION LIMITED 12 Unparalleled exposure • Harp shape conforms to liver shape • I-Beam prevents drooping liver • Better access to upper gut; better visualization of operative site CONFIDENTIAL - RETRACTION LIMITED 13 Exposure: can yours do this? 14 CONFIDENTIAL - RETRACTION LIMITED REVEEL in action CONFIDENTIAL - RETRACTION LIMITED 15 Active traction: stop the crushing! • Radical re-think of retraction: • NiTi arms – flexible yet rigid • Soft, atraumatic overmold • Braid actively engages tissue • Gently holds without crushing pressure • Active traction prevents loss of time and prevents injury due to slippage and pressure CONFIDENTIAL - RETRACTION LIMITED 16 Friction is the secret 0.70 REVEEL CoF = Nathanson CoF X 2 REVEEL Nathanson 0.60 0.50 More Friction Less Pressure COF 0.40 0.30 Less Pressure Less Liver Disruption / Damage 0.20 0.10 0.00 5 10 15 20 25 30 35 40 45 Tilt Angle (Degree) CONFIDENTIAL - RETRACTION LIMITED 17 Faster and easier • Dilating tip allows rapid introduction without a trocar • One-step handle is fast and easy to actuate, set up, and remove • Effective retraction achieved in 30 to 50 s • Fast and easy to use CONFIDENTIAL - RETRACTION LIMITED 18 Strong • Strength and rigidity derived from: • Integral I-beam • Super-elastic arms • Won’t bend or break in bariatric procedures – 1 kg kimchi: no problem! – obese liver: no problem! CONFIDENTIAL - RETRACTION LIMITED 19 A radical re-think of retraction Exposure • Best in class visualization Optimized shape • Designed to fit and accommodate the liver Active traction • Reduces risk of trauma and liver infarction • Prevents slippage and repositioning Speed and ease • Percutaneous • Rapid insertion, actuation, and removal Strong • Solid mechanical architecture • Won’t break! CONFIDENTIAL - RETRACTION LIMITED 20 Key milestones Non Sterile Demo Units 02/13 Sterile Demo Units 04/13 Formal US Launch – SAGES 04/13 Friction comparison study poster – SAGES 04/13 Human study results – CUHK 04/13 [21.1] Formal EU Launch – EAES 06/13 [21.1] Provisional results of Chinese University Hong Kong’s Randomized Study of REVEEL versus Nathanson in Bariatric and Upper GI procedures CONFIDENTIAL - RETRACTION LIMITED 21 RETRACTION LIMITED Revealing Solutions in Laparoscopy Surgery CONFIDENTIAL - RETRACTION LIMITED 22 RETRACTION Limited Revealing Solutions in Laparoscopic Retraction CONFIDENTIAL - RETRACTION LIMITED 23 RETRACTION Limited Opportunity Mission The global obesity epidemic has created new opportunities in laparoscopic retraction To make a dramatic improvement in large organ retraction, improving patient outcomes and surgeon satisfaction CONFIDENTIAL - RETRACTION LIMITED 24 CONFIDENTIAL - RETRACTION LIMITED 25