RespCare Introduces the Revolutionary Hybrid Sleep Therapy Device
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COCONUT CREEK, Fla.--(BUSINESS
WIRE)--June 19, 2006--RespCare, Inc. announced today that it has
launched its revolutionary
Hybrid(TM)
Universal CPAP interface. The Hybrid(TM) interface has a unique
combination of nasal pillows with an oral interface and is expected
to become the interface of choice for the majority of obstructive
sleep apnea (OSA) patients.
The company has signed an exclusive global distribution agreement
with the medical division of a Fortune 1000 company. RespCare
expects revenues in the excess of $100 million over a five year
period from the sale of this product. The company has filed over 10
patents globally related to this product. The company also states
that there is a large and growing market for the new device for
non-invasive ventilation (NIV) in critical care and long term care
environments.
Continuous Positive Airway Pressure (CPAP) therapy is used to treat
sleep-disordered breathing (SDB), which is estimated to affect
approximately 20 million Americans. The global market for CPAP
interfaces exceeded $500 million in 2005 and is growing at 20 - 25%
a year. Other companies in this space include ResMed Inc. (NYSE:RMD),
Respironics, Inc. (Nasdaq:RESP), Fisher & Paykel Healthcare (NZSX:
FPH, ASX: FPH) and Tyco Healthcare, a major business segment of Tyco
International Ltd (NYSE:TYC).
Titration studies performed at Boca Raton Sleep Center in Boca
Raton, FL have confirmed that this therapy will be an excellent
interface of choice for sleep lab technicians and respiratory
therapists.
"Being involved in the trial of a new interface was exciting for us,
but the hybrid brings a new meaning to Full Face Interface options.
Oral leaks are one of the most difficult side effects one can
encounter during a therapeutic sleep study (as reported by many
technologists) but an ongoing problem on follow up visits in the
clinic for the life span of the patient. Humidification has been
helpful in part battling this problem but not the complete picture",
said Dr. Natalio J. Chediak, who is associated with Boca Raton Sleep
Center.
"RespCare's new family line of Full Face masks has brought back the
meaning of comfort and versatility in a universal interface. Our
technologists and patients found fitting the Hybrid(TM) to be a
simple task and with the different nasal insert and oral cushion
sizes, this mask is versatile in its application and for use at
home," Dr. Chediak added.
He went on to say, "Additionally, the Hybrid(TM) brings a totally
new mask, with un-obstructive view so patients can read before
bedtime and eliminate any of the fore-head or bridge of the nose
abrasions that one sees with traditional Full Face masks. The quick
trap release and hose disconnect are standard as with other FFM
interfaces. In summary, the Hybrid(TM) is like a 'breath of fresh
air' to the meaning of FFM options."
About RespCare, Inc.
RespCare, Inc., headquartered in Coconut Creek, Fl is a wholly owned
subsidiary of Mergenet Solutions, Inc and is engaged in developing,
commercializing, manufacturing and marketing products to treat
obstructive sleep apnea (OSA) and other respiratory disorders. Its
sister company, InnoMed Technologies, Inc. developed and launched
the revolutionary Nasal-Aire CPAP interface in 2002 that captured
10% market share within 2 years and continues to be a widely
accepted CPAP interface in the worldwide OSA and non-invasive
ventilation (NIV) markets. More information on the Hybrid(TM)
interface can be found at
www.hybridmask.com
Contacts
RespCare, Inc.
Elizabeth Kelley Grace, 561-989-9855
cell: 561-702-7471
lizkgrace@aol.com
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