France claims breakthrough with artificial human heart

December 22, 2013 2:19 pm

France claims breakthrough with artificial human heart

By Hugh Carnegy in Paris

France has claimed a breakthrough in human organ technology with the first implant of an artificial heart designed to replace the need for a transplant from another person. President François Hollande, anxious to lift amood of pessimism  over the country’s economy, hailed the event as an example of French innovation.“France can be proud of this exceptional deed in the service of human progress,” Mr Hollande wrote in a letter to Alain Carpentier, the veteran inventor of the artificial heart, and the medical team that carried out the operation.

The device, which autonomously mimics the action of a real heart, was implanted in an anonymous 75-year-old man with terminal heart disease on December 18 at the Georges Pompidou European hospital in Paris. He was said by the hospital at the weekend to be awake and talking, making jokes with his family and doctors.

The operation represents a critical moment for Carmat, the quoted company founded by Prof Carpentier and his industrial backers in the 1990s to develop the artificial organ. The implant was confirmed in a statement by Carmat after the market closed on Friday.

Prof Carpentier, 80, was a pioneer of replacement heart valves using animal tissue and combined with aeronautic engineers from what was to become EADS, the aerospace company, to develop the prosthetic heart. EADS continues to hold a 33 per cent stake in Carmat, which was listed on the Paris bourse in 2010.

Unlike other artificial hearts, which act as a temporary bridge for patients until a compatible human heart is available for transplant, the battery-powered Carmat heart is intended to be a permanent replacement for a diseased heart, extending life for five years.

Prof Carpentier said patients would experience some constraints from the need to maintain its electricity supply. But he said the prosthetic heart, using biological and synthetic materials, was designed to avoid the problems of rejection that confront heart transplants and would require little or no use of anticoagulants.

“It is about giving patients a normal social life with the least dependence on medication,” he said.

The professor said in an interview with the Sunday newspaper Journal du Dimanche that the heart incorporated an algorithm that allowed it to “reproduce exactly the contractions of a real heart”.

“If you see your lover walk through the door, your Carmat heart will beat faster just like a real one,” he said.

The medical team said the first month would be critical in assessing the performance of the implant, which has been fitted to 30 cows. It has been subjected to tests based on aircraft proving technologies that Carmat said assured “similar reliability to an aeroplane on its maiden flight”.

Several implants were likely in the next few weeks, the company said. Permission has also been given for the procedure in Belgium, Poland, Slovenia and Saudi Arabia. Carmat estimates a potential worldwide market of €20bn for its device, based on 125,000 patients seeking transplants annually.

However, the heart still requires development, not least to make it smaller. The current model weighs 900 grammes, three times the weight of a male human heart. It is therefore only suitable for about 75 per cent of male patients and 20 per cent of women.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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