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Scandinavian Real Heart (HEART) investor relations material
Scandinavian Real Heart Status update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Product innovation and patient-centric design
Developed a patient-focused artificial heart with lighter, quieter, and more user-friendly external units compared to current market leaders.
Device mimics natural heart function with dual pumps and integrated sensors, automatically adjusting to patient needs.
Unique features include a single external cable, longer battery life, and proof of concept for wireless charging.
Demonstrated significant reduction in blood damage and hemolysis compared to competitors.
Clinical interface and software allow real-time monitoring and adjustment by physicians.
Market opportunity and competitive landscape
Addressing a global heart failure market with 64 million patients, focusing on the 1.6 million with severe biventricular failure.
Estimated annual need for artificial hearts in EU and USA is 25,000, rising to 35,000 by 2030.
Market potential estimated at $34 billion, with device cost around $220,000.
Main competitors include Syncardia, CarMat, and BioVacore, but current solutions have drawbacks in weight, noise, and patient quality of life.
Preclinical progress and regulatory pathway
Achieved FDA Humanitarian Use Device Designation, enabling a faster regulatory route in the US.
Ongoing preclinical studies include blood tests, endurance tests, and animal trials, with milestones such as seven-day survival in sheep.
Collaborations with leading academic institutions for objective product testing and validation.
Focus on meeting regulatory requirements for both US and EU markets, with plans for CE marking.
Next Scandinavian Real Heart earnings date
Next Scandinavian Real Heart earnings date
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