Seguro Surgical Commercializes Lap Pak Abdominal Packing Platform
Product to be launched at American College of Surgeons Annual Meeting
Columbia, MD (October 4, 2010) - Seguro Surgical™, Inc., a NeoTech Incubator company, has taken its latest medical device from in-licensing to commercialization in record time. Seguro licensed its Lap Pak abdominal packing platform technology from The Johns Hopkins University in September 2009 and was registered with the Food and Drug Administration (FDA) on September 3, 2010. Lap Pak is scheduled for its commercial launch at the American College of Surgeons Annual Meeting in Washington, D.C., October 3-7, 2010.
Lap Pak is a silicone device designed to replace the cotton towels currently used to pack and secure the bowels during major open abdominal surgeries. Lap Pak’s one-piece structure will allow surgeons to pack the bowels quickly and securely, and expose the surgical site during an entire operation, thus saving expensive operating room time, and improving patient safety.
Seguro estimates the U.S. Lap Pak market to be approximately $500 million. The company is extending its platform by further developing Lap Pak for use in minimally-invasive laparoscopic surgeries, and to reduce post-operative adhesions, a condition that occurs following up to 30% of abdominal surgeries at an annual cost to the U.S. healthcare system of over $15 billion.
“Seguro was able to accomplish this milestone by assembling a management team of medical device entrepreneurs and experienced operating executives with a keen focus on strategy and execution,” says Dr. Steve Kubisen, CEO and co-founder of Seguro. “We are delighted to have completed the FDA registration and look forward to launching the product. We believe that the cost reduction potential and safety profile of this product will drive its rapid adoption within the surgical community.
“We would like to thank the Howard County Economic Development Authority for its support during the development period and look forward to working with them as we grow our company,” continues Dr. Kubisen.
“Companies such as Seguro Surgical are great to work with.” says Laurie Hedlund, Director of NeoTech. “To have their product, Lap Pak, commercialized in such record time is a testament to the expertise and agility of Seguro. We will continue to support their growth and also look forward to working together.”
Seguro is a medical device company that in-licenses and develops early stage medical device technologies designed to meet the mission of reducing health care costs, while improving patient safety.
About Seguro Surgical, Inc.: Seguro Surgical, Inc. is an innovative medical device company specializing in the development and commercialization of quality surgical devices that will benefit both medical professionals and patient populations. Seguro has established links with leading Educational Institutions to enable it to access, assess and license new technologies that match our mission - to reduce health care costs, while improving patient safety.
For more information, visit Seguro Surgical's website, www.segurosurgical.com.
About NeoTech Incubator: The NeoTech Incubator, located at Howard County’s Center for Business and Technology Development, helps entrepreneurs develop thriving technology companies. NeoTech accelerates the growth and success of emerging technology businesses through access to resources, information, and a community of excellence. The NeoTech Incubator is a three-time winner of the National Business Incubation Association’s Innovation Award. To learn more about the NeoTech Incubator and the Center for Business and Technology Development, visit www.thecenter.biz.
About The Center for Business and Technology Development: Founded in May 2000, The Center is dedicated to the discovery, stimulation, nurturing, growth, and success of entrepreneurship in Howard County. It has earned a reputation for providing valuable assistance to its clients and for creating innovative programs that foster entrepreneurship in the region. The Center provides assistance to more than 1,500 entrepreneurs annually through its unique combined services platform. A “one stop shop” for entrepreneurial services, The Center supports small and medium sized businesses through its Business Resource Center, NeoTech Incubator, and Howard Technology Council. Find more information at www.thecenter.biz.
The Center for Business and Technology Development is part of the Howard County Economic Development Authority, a public-private partnership whose primary goal is to promote economic growth and stability by supporting existing businesses, targeting new businesses, and attracting corporate/regional headquarters. The Authority also maintains several programs aimed at the special needs of small, minority-owned, and agricultural business communities. Additionally, the Authority strives to preserve the distinctive quality of life in Howard County. The Authority can be reached at www.hceda.org.
Howard County Economic Development Authority
6751 Columbia Gateway Drive, Suite 500
Columbia, MD 21046
Dr. Steve Kubisen
President & CEO
Seguro Surgical, Inc.
9250 Bendix Road
Columbia, MD 21045
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