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Realheart is recruiting Lead Systems Engineer

Press release, 9 May 2022

Realheart has recruited a Lead Systems Engineer from Texas. Bruce Wedding most recently came from a role as a senior software engineer at LivaNova, PLC. Bruce will start working for Realheart on May 9, at the same time as he plans to move himself and his family to the head office in Västerås.

Now Realheart strengthens the product development team with Bruce Wedding, who has over 30 years of diverse software engineering and project management experience. In his current role, he is the team leader in the development of a Class III implantable medical device. Bruce also has experience from active implants, including cardiovascular applications, and has been trained on regulatory requirements for software development, verification and validation of medical devices and other mission-critical applications.

“We want to be able to continue to maintain good momentum towards clinical trials and then Bruce will be a very good support to the team and the continued work of developing the clinical control unit. His many years of experience from having developed Class III medical equipment, of which four of them have received FDA approval, will be very valuable to the Company, says Realheart's CEO Ina Laura Perkins.”

Bruce will, in collaboration with Hydrix, mainly support and monitor the development of controls and peripherals for the clinical control unit.

"When I learned about the great work Realheart is doing, developing the 

world's first four-chamber heart, I had to be a part of it. I've helped develop many medical devices which make people's lives better but none more important than Realheart’s artificial heart. I am excited to contribute to the team with my experience architecting and designing safe, robust, Class III medical device software and firmware.", says Bruce Wedding.

Realheart has been granted two more US patents

Press release 2 May, 2022

Realheart is developing the world's first artificial four-chamber heart. The company has now been granted a new US patent that protects the entire principle behind it through 2037. In addition, the company has obtained similar protection for its sternal prosthesis, a separate product designed to facilitate chest surgery.

''This is extremely valuable as it provides a strong two-layer protection for our artificial heart in one of the world's most important markets and further strengthens our overall patent portfolio'' said Realheart CEO Ina Laura Perkins.

In December, Realheart was granted a US patent protecting the unique pumping principle used in Realheart's artificial heart, which can also be used in other products. Now, in addition to that, it has received a new patent, number US11202902B2, which protects the Realheart TAH as a whole. This patent has already been granted in Europe, Japan and Australia.

The second patent, number US11191578B2, protects Realheart's sternal prosthesis, a zipper-like innovation that allows the chest to be reopened and closed if necessary after surgery. It is also intended to relieve pain. This patent too has already been approved in Europe.

Both new patents are valid until 2037.

Realheart releases the annual report for 2021

Press release 1 May, 2022

Today, Realheart publishes the mandatory annual financial report for 2021. A layout version (in English) with reports, collaborations and milestones during the year will be released in connection with the invitation to the Annual General Meeting that is scheduled for May 11, 2022.

The entire annual report and the auditor's report are available on the company's website, www.realheart.se and as an appendix to this press release (in Swedish).

Improved controller for clinical trials results in six-month delay

Press release 28 April, 2022

Realheart has decided to equip patients in the first clinical trial with the full version of the controller – a kind of remote control – instead of a simpler version as previously envisaged. This will benefit patients and shorten the overall development time of the controller but will delay the human trial by six months, now set to begin in the first half of 2024 instead of the second half of 2023.

''Our goal is an artificial heart that allows the user to lead a good life with great freedom of movement. This also applies to the patients participating in our clinical trials. We want even the very first patient to be able to leave the hospital, and for this to work in practice, the external controller needs to be both safe and really easy to use'' said Ina Laura Perkins, CEO of Realheart.

The controller that Realheart has used so far to test and refine the design in bench and animal trials was developed in-house, but to move to humans, a more advanced one is needed as it will be used by the patient themselves without supervision from healthcare professionals or experts. During fall 2021, Realheart started a collaboration with the Australian company Hydrix, which specialises in the development of control systems for heart pumps. Their platform is characterised precisely by a strong focus on the needs of the end user.

''The controller is technically very advanced, but for those who will live with our artificial heart in the future, it must be extremely easy to use. We already have an updated electronic architecture in place and by not producing a special test version but going straight to the final version we can save time overall, while somewhat delaying the first implantation in a human,'' said Ina Laura Perkins, CEO of Realheart.

This disclosure contains information that Real Heart is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 28-04-2022 12:00 CET.

Realheart to recruit new CFO

Press release 26 April, 2022

Realheart has initiated the process of recruiting a new Chief Financial Officer to take over when current CFO Andreas Hultdin leaves on 31 July.

Realheart is a Swedish company headquartered in Västerås, which is developing the world's first artificial four-chamber heart. The company has recently taken several important steps forward, not least in leaving the prototype behind and instead test the clinical version of the Realheart TAH in the animal studies that are about to be initiated.

''As we step by step move closer the clinical trial phase, we see interest in the company growing among physicians, patients, the media and investors alike, and we need to have a dedicated, full-time CFO. Unfortunately, our current CFO Andreas Hultdin has commitments outside of Realheart and cannot extend his involvement, so we are looking for his successor instead'' said Ina Laura Perkins, CEO.

Andreas Hultdin will resign on July 31, but will stay on to support the company until a new CFO is in place.

Realheart set to begin animal studies with clinical version

Press release 13 April, 2022

Production of the clinical version of Realheart's artificial heart – the one that will eventually be used by human patients – is almost completed and will now be tested in a series of animal trials. Six surgeries are scheduled, with the first taking place mid-May.

The aim is the same as in previous trials, i.e. chronic animal studies with the aim of prolonging survival time, but with the difference that it is the clinical version being tested. It has an improved external design, smaller size, integrated pressure sensors and control algorithm compared to the prototype that has previously been used.

This is a major step forward in the development process and the company has therefore strengthened the operating team. There are now three highly experienced cardiac surgeons working together: Professor Bart Meyns, Dr Dilek Gürsoy and Dr Joeri van Puyvelde. The veterinary protocol has also been updated and an expanded animal care team, with ten years of experience in the care of animals with artificial hearts, is now present, responsible for the selection, preparation and aftercare, including medication.

''In all previous surgeries, we have confirmed that the pump is working properly. Issues that we have needed to address have rather been related to the adaptation to the animal's body. Its anatomy differs from that of a human and requires a completely different type of care approach. In 2021 and 2022, we have recruited more expertise in this field and updated our protocol to best care for the animal,'' said Ina Laura Perkins, CEO of Realheart.

She describes the animal studies as a team effort with many people involved where everything needs to flow smoothly between surgeons, the person operating the heart-lung machine, engineers, veterinarians, and animal caretakers all the way from preparation to aftercare.

''During the surgery, the pump is implanted and after that we monitor the animal closely. Should we encounter any problems, these will be addressed before future surgeries. The first day after surgery is always the most critical and we start by getting past that, to gradually build up from there. We will only keep the animal alive for as long as we can do so without causing suffering,'' said Ina Laura Perkins.

Realheart initiates collaboration with researchers at KTH

Press release 7 April, 2022

Realheart has initiated collaborations with Lisa Prahl Wittberg and Seraina Dual, both researchers with expertise in heart pumps at the Royal Institute of Technology, KTH, in Stockholm. These collaborations bring additional expertise to the company in the areas of blood testing and evaluation of the control unit for the clinical version of the Realheart TAH, as well as in the company's research on new products.

Realheart collaborates with a number of international scientists at various institutes and universities developing the world's first four-chamber artificial heart. Through these new collaborations, the company aims to strengthen its Swedish network to benefit from it both in the development of Realheart TAH and other future products.

''At present we recruit mostly internationally to find the skills we need for our growth, but it would be beneficial to be able to find them at home in the future. We want to strengthen Sweden's international competitiveness in research and development of heart pumps. It is therefore an advantage if students learn about artificial hearts and the specialist skills required in this field early on in their education," said Realheart CEO Ina Laura Perkins.

The core of Professor Lisa Prahl Wittberg's research is flow analysis with a focus on complex fluids in the human body, such as blood. In particular, she focuses on blood flow and the risk of blood clots occurring in the body or in pumps, cannulas and other components used in the treatment of critically ill patients The research is conducted in close collaboration with clinical partners.

Seraina Dual is Assistant Professor in the Department of Biomedical Engineering. Her research focuses on the use of sensor systems to predict, prevent, and cure cardiovascular diseases. Her work has shown how heart pumps should be used in patients with smaller bodies, such as women, and how a combination of different sensors could help.

Realheart has collaborated with KTH before. When founder Azad Najar began sketching what would become Realheart in 1999, the basic idea was to develop an artificial heart that mimics the human heart. This idea was based on flow analyses conducted by Professor Said Zahrai at KTH.

''We've come a long way since then and it is great to now return to KTH for continued collaboration as we move towards clinical trials. Seraina's vast expertise will be invaluable in further improving the equipment we use for the blood tests, and with Seraina's help we will be able to subject the controller to even more advanced stress tests to ensure it is safe even under the most stressful conditions in the human body,'' said Ina Laura Perkins.

Clinical version of Realheart TAH being tested on virtual patients

Press release 31 March, 2022

Realheart has been pilot testing the German Virtonomy web platform v-Patients containing 3D anatomical models of heart failure patients for some time. Now the company is moving forward with a full license and more patients to test the clinical version of its artificial heart virtually and collect data in preparation for human clinical trials and the subsequent market launch.

''This will bring significant commercial benefits. The data we generate can not only be used in the application for approval to start clinical trials but also presented in scientific contexts to continue building interest in our heart. In addition, the collaboration will allow us to connect with clinicians, hospitals and specialists who may be potential future customers," said Realheart CEO Ina Laura Perkins.

On the Virtonomy platform v-Patients, Realheart's engineers and surgeons can perform the implantations themselves via a standard web browser. Initially, five patients are included in the database, and it will be possible to expand the study to more than 50 patients. All are severe heart failure patients and possible candidates for an artificial heart. They represent a diversity in terms of gender, body size and shape of the heart and chest.

Several clinics in different parts of Europe have contributed patients. One is the Hannover Medical School, one of Germany's largest hospitals and among the world's leading institutions for artificial heart implants. It performs up to 100 artificial heart implantations a year, plus a further 20 heart transplants, under the direction of Professor Jan Schmitto.

''We have a strong interest in advancing this field and are therefore happy to participate in interesting research projects that could lead to better treatment of patients with heart failure. There are several new artificial hearts on the way now and Realheart is one that looks very promising," says Professor Jan Schmitto.

Realheart to establish Australian subsidiary

Press release 23 March, 2022

Realheart, who is developing the world's first artificial four-chamber heart, is setting up a subsidiary in Australia to take advantage of the knowledge and financial benefits offered by the Australian market related to product development and clinical trials.

Scandinavian Real Heart Pty Ltd will be led and run by Dr Marianne Hellers, without any other employees. She holds a degree in Microbiology from Stockholm University and has extensive experience in the Australian life science community as well as a large network that can be valuable for Realheart in taking advantage of the innovation support and research and development opportunities available in the region. Marianne is an alumnus of the BioSA technology incubator in Thebarton and she also led the establishment of the South Australian Health and Medical Institute in Adelaide.

Australia is one of the top five markets for artificial hearts. Several heart pumps including an artificial heart have been developed in the country and thus there is a large pool of knowledge among academic institutions, consultants, suppliers, and test centres. It was this, among other things, that led Realheart to choose Australia's Hydrix as their partner in developing the control unit for its artificial heart recently.

''Hydrix is highly integrated into the Australian medical device ecosystem, and we can benefit from a lot of local knowledge through them, not least when we have our own presence in the country and can work even more closely together," said Ina Laura Perkins, CEO of Realheart.

It is also financially advantageous to locate parts of the research and development in Australia, as 43.5 percent of the investment is paid out as a cash return from Australian Tax Office.

''Our animal studies are ongoing, and we are moving towards clinical trials. These are some of the most expensive activities of medical device development, and by partially locating our activities in Australia, we can reduce costs. Having our own presence in the country is then a big advantage," said Ina Laura Perkins.

Realheart recruits clinical strategist and electronics expert

Press release 17 March 2022

Realheart has brought on board Australian consultant Sara Diab, who will support the company's regulatory and clinical strategy, and electronics expert Nicolas Barabino, based in Spain, who will support the development of the clinical control unit for the Realheart TAH.

Sara Diab is a former IVA nurse who now works as a medical device specialist with over 10 years of experience in the development of artificial hearts – everything from ethics applications and trial planning to data collection and reporting.

''Sara Diab has an incredibly important skill set based on many years of developing artificial hearts, but her experience in healthcare is just as important in planning for future clinical trials where our heart will be used by patients," said Ina Laura Perkins, CEO of Realheart.

Nicolas Barabino is an expert in medical device innovations such as active implants and various forms of life support devices. He has a PhD in microelectronics and holds two patents related to blood pumps. He has been involved for the last 10 years in the development of heart pumps and brain implants in Uruguay, France, and Spain, working with global medical devices companies. He currently lives and works in Spain as a consultant.

Nicolas Barabino will be based in Spain, but he will also work from Sweden and Australia where Realheart's partner Hydrix, who is developing the clinical control unit, is located. Sara Diab will work mostly from Australia but will also participate in research studies internationally. Hereby the company is strengthening its international network in Europe and Australia.

Both have already joined the company. Realheart plans to start clinical trials in 2023.

Realheart hires investment advisor in the UAE

Press release, March 14, 2022

Realheart has partnered with an experienced investment advisor in the UAE, Dr Abdulla Khalfan Saeed Alkindi, who will help the company meet the high level of interest in the product and the company in the Middle East.

Realheart, who is developing the world's first four-chamber artificial heart, has received considerable international attention. There is particularly strong interest in the Middle East. This is partly due to the attention given to the inventor and founder of Realheart, Azad Najar, who himself was born and raised in Iraqi Kurdistan. Another contributing factor is that heart failure affects many in the region – and often at a younger age than in the West – while few transplants are performed.

Dr Azad Najar is regularly invited to speak at various medical conferences and, for example, he recently attended the International Conference of Pharmacy and Medicine (ICPM) in Sharjah, where the organizers are already highlighting his attending next year's conference too, set to take place in January 2023. During his visit, Najar participated in several meetings with various stakeholders, including Dr Alkindi, who is a board member of the Sharjah Research Technology and Innovation Park, where the ICPM is held. He will from now on assist the company in liaising with individuals and organizations interested in the Realheart TAH.

''We're seeing a lot of interest, from doctors and researchers as well as potential investors and future partners in this region, and we need to have someone present there to help us both manage that and see how best to capitalize on it. That's where Dr Alkindi has both the knowledge needed and the network of contacts," said Realheart's CEO Ina Laura Perkins.

Artificial Organs publishes Libera Fresiello’s research

Press release, 09 March 2022
Realheart is collaborating with a number of international researchers to develop the world's first four-chamber artificial heart. One is Professor Libera Fresiello at Katholieke Universiteit Leuven and University of Twente. The results of her study of the Realheart TAH in a hybrid simulator has now been published by the journal Artificial Organs.

Professor Libera Fresiello has conducted tests of the previous version Realheart TAH (Total Artificial Heart) in a hybrid simulator – a digital model of the human heart, lungs and blood vessels, to which the artificial heart is connected to study its interaction with the body in a variety of scenarios. This information was used to further improve the design of the clinical version currently in production.

''Developing a total artificial heart is a major challenge from both an engineering and a clinical point of view. It must interact safely and effectively with the human vascular system, providing the right support to organs and tissues. By studying it in a simulated environment, we can predict how it would behave in a real human body. I believe this type of methodology will be used more and more as a complement or alternative to animal testing in the future,'' said Professor Libera Fresiello.

One reason limiting the use of artificial hearts is that the products that have been available often lead to for example blood-related complications. This is why Realheart is focusing on creating an artificial heart that mimics the way the natural heart supplies blood to the body's organs in a pulsating flow.

Prof Fresiello's studies show that the Realheart TAH produces such a pulsatile blood flow, which can be adjusted by stroke volume and pulse rate. The two artificial ventricles work independently and if controlled properly, they can attain a right-left balance.

''This is exactly what we aim to achieve. This research will therefore be of great importance in our work. The fact that it is now also presented in a scientific journal such as Artificial Organs will further contribute to greater awareness, trust, and interest in our artificial heart, which is very positive,'' said Ina Laura Perkins, CEO of Realheart.

Artificial Organs is a peer-reviewed biomedical journal covering organ replacement technology. The journal was founded in 1977 and is published monthly. Dr Fresiello's article ''Hemodynamic characterization of the Realheart total artificial heart with a hybrid cardiovascular simulator'' will be published in the next printed issue and has already been published online.

https://onlinelibrary.wiley.com/doi/abs/10.1111/aor.14223

Christer Norström appointed acting chairman of Realheart

Christer Norström, born 1961, is appointed acting chairman of the board of Realheart, of which he has been a member since 2021. He replaces former chairman Göran Hellers who recently passed away, as previously announced.

Christer Norström has extensive experience from both academia and industry.

He holds a PhD in engineering and is an associate professor in mechatronics and professor in computer engineering.

Christer Norström is currently CEO of ABB Industrial High School and a member of the Royal Swedish Academy of Engineering Sciences, IVA. He also holds board positions in Prindit and Västerås marknad & näringsliv AB.

He has previously been CEO of RISE Research Institutes of Sweden.

Realheart and Berlin Heart receive joint 10 MSEK grant for membrane production

Realheart and Berlin Heart have jointly been awarded approximately SEK 10 million in funding from the European program ''Eurostars 3'' to develop an automated production process of membranes, which are critical components of the Realheart total artificial heart.

Realheart is developing the world's first artificial four-chamber heart, designed to mimic the way the natural heart works. The pump membrane, that separates the blood from the drive system, is a critical component of the design. 

Realheart's simulations and tests have shown the precise properties the membrane needs to have to last and to minimize the risk of failure, something that would have immediate consequences for patient safety. The membranes must be manufactured with high precision and unwavering repeatability. The best way to achieve this is to automate the manufacturing process. Therefore, Realheart is collaborating in this project with Berlin Heart, an expert in the field of development and manufacture of membrane technologies successfully used in their extracorporeal MCS devices. 

''The results of the project – an automated membrane production process – will benefit us both, scientifically as well as commercially, and will be crucial for the success of our future human clinical trials. It will also be of great value to the entire heart pump industry" said Realheart's CEO Ina Laura Perkins.  

Eurostars is a program for innovative SMEs participating in international development projects. They can apply for funding to develop market-oriented processes, products and services or to test new markets. Realheart and Berlin Heart have now been awarded grants of SEK 5 million and EUR 450,000, respectively, for this project. 

Realheart aims to launch its artificial heart in 2025, following clinical trials planned to start 2023. Animal testing of the clinical version of the total artificial heart will begin shortly.

Realheart Chairman Göran Hellers has died

Göran Hellers, Chairman of the Board of Realheart, has passed away during the weekend following a sudden illness. The board will appoint one of the current board members as acting chairman.

''Our thoughts are with Göran's family at this time, and we are all extremely sad to lose a good friend and such an experienced and knowledgeable member of our Board. Göran Hellers has contributed enormously to the development of our artificial heart and it pains me that he will not be able to see it become a reality in just a few years' time," said Ina Laura Perkins, CEO of Realheart. 

Update on Realheart’s animal studies

Last fall, Realheart decided to move from the prototype to the clinical version – the one that will eventually be used for humans – in the development of its artificial heart. The design is complete and production is underway. During December and January, it has been tested on deceased animals and virtual patients in preparation for the animal studies on the clinical version planned for this spring.

The new version of the Realheart TAH has a higher pump capacity and a smaller size than the prototype. This provides an improved fit in both animals and humans, as confirmed in the winter studies. In addition, it has a built-in advanced sensor system.

''We have confirmed in previous operations that our system works well. The implantations we have done now have been aimed at implementing the latest design changes and fine-tuning the surgical approach for the next series of operations,'' said Realheart CEO Ina Laura Perkins.

The work is progressing according to plan and the company intends to conduct a small series of animal trials with the human version in the spring. Realheart TAH (Total Artificial Heart) is the world's first four-chamber artificial heart, and the development process has attracted considerable international interest. The implantations are being carried out at a clinic in Belgium, and one of the test implantations was filmed by a television team from Germany. Germany is a major European TAH-market. The programme will be broadcast on German television in April.

Realheart provides clarification on UAE media reports

Scandinavian Real Heart AB would like to make the following comment regarding information in the Arabic media tonight:

It is correct that we are in discussions with a party in the United Arab Emirates (UAE) about a possible investment in Realheart and the opening of a representative office in Sharjah, but no agreement has been reached.

The founder, Dr Azad Najar, is currently in the UAE for participation in the International Conference of Pharmacy and Medicine.

This disclosure contains information that Real Heart is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 18-01-2022 20:44 CET.

Azad Najar a speaker at the ICPM conference today

Today, 18 January, Realheart's founder Dr Azad Najar will be appearing at the ICPM conference in the United Arab Emirates. ICPM stands for International Conference of Pharmacy and Medicine and this is the second time Azad Najar has been invited. In addition, Realheart also has an exhibition space at the venue where the company's total artificial heart is presented.

Dr Azad Najar is the founder of Realheart and the inventor behind the company's artificial heart. He is originally from Iraqi Kurdistan and has received a lot of attention for his innovation in this region.

''Worldwide, 64 million patients suffer from heart failure, but few are currently treated with an artificial heart because the available product has such serious side effects resulting in low quality of life. Realheart has the potential to change this and save many, many lives – especially in the Middle East where people are falling ill at a younger age and should have many more years to live," said Azad Najar.

Realheart TAH is the first total artificial heart designed to mimic the structure and function of the human heart. It will replace the sick heart to save the lives of patients with advanced heart failure. Preclinical studies are ongoing and clinical trials are scheduled to begin in 2023.

More information is available on the conference website: https://icpm.ae/

Realheart receives SEK 200,000 funding from Vinnova

Realheart has been granted an additional SEK 200,000 in funding from Vinnova within the "Medtech4Health: Competence strengthening in small businesses" programme. The grant will be used for continued blood testing in Realheart's laboratory.

Vinnova's aim with the initiative is to create conditions for international competitiveness and sustainable solutions to global societal challenges. Realheart has received funding from Vinnova in two earlier rounds. This new funding will be used for additional expertise to perform blood tests with pumps in clinical use.

Heart failure is one of the most common causes of death in the world. Artificial hearts can save many lives. However, the alternative available so far has many serious blood-related complications resulting in few treated patients. An important step in the development of the next generation of artificial hearts is therefore to increase knowledge of how the pumps affect the blood, something Realheart is working on both in its own lab, in the blood lab created together with Karolinska University hospital and in collaborations with researchers around the world.

''We are very grateful for this contribution. The support will allow us to further strengthen Realheart's competitiveness and continue this important work that is of great importance to the entire heart pump industry," said Realheart's CEO Ina Laura Perkins.

Realheart receives an EU grant of 2.5 million euros for its artificial heart

Realheart has been granted 2.5 million euros in as a grant from the European Innovation Council, EIC, to support the development of the world's first artificial four-chamber heart, which is scheduled to begin clinical trials as early as 2023.

Heart failure is one of the most common causes of death in the world. An artificial heart can save many lives, but the alternative that has been available so far gives many serious side effects and is therefore rarely used. Realheart's total artificial heart is designed to mimic the way the natural heart works to reduce the risk of side effects. It can be worn permanently or while waiting for a transplant.

The European Innovation Council (EIC) has been set up within the framework of the EU Horizon Europe program. The aim is to identify and support pioneering new technology and innovations all the way from early research to scaling up internationally. The EIC has now granted Realheart a grant of EUR 2.5 million, corresponding to approximately SEK 25.7 million. news alert announcing the EIC Accelerator’s successful companies.

– It is a very welcome contribution and that we have been awarded this grant confirms that our business plan is very well thought out. It also opens doors to future potential investments by the EIC up to 15 million euro, which we have the possibility to negotiate for as long as we reach our milestones in this project. We have left the prototype behind and are now working fully on the clinical version of our artificial heart. This money will take us a long way on the way to the market and the many patients who are waiting for a new heart, says Ina Laura Perkins, CEO of Realheart.

This disclosure contains information that Real Heart is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 16-12-2021 15:01 CET.