OCT Wars: St. Jude Versus the Volcano Optical
Coherence Tomography (OCT) is an exciting new imaging technique
that is being used to assess the interior anatomy of coronary arteries
during and after angioplasty and stent placement. (Read our
exclusive interview with Dr. Giulio Guagliumi for more information
about how OCT can aid in measuring the healing of stents.)
This technology is just now beginning to bridge
the divide between research tool and clinical aide -- for example,
OCT can show high resolution pictures of stent struts and show whether
they are covered or not. So the future for OCT imaging is definitely
of major interest.
The OCT market currently is divided between two
companies: Volcano Corporation (Nasdaq: VOLC) and St. Jude Medical
(NYSE:STJ). And, as in any duopoly, one front of competition is the
courtroom. So today, the results of a legal decision by the Massachusetts
Superior Court were announced by both companies. And to read their
press releases, you'd think that both companies had won!
Quick (I hope!) back-story: in 2007, Volcano, a
company that has led in the field of intravascular imaging, acquired
Texas-based CardioSpectra, a company that had developed an OCT
imaging catheter, for $25 million. And then, in January 2009, Volcano
acquired Axsun Technologies, a maker of laser modules that are
central to OCT imaging. That acquisition was for $21.5 million.
Then, a year-plus later, St. Jude Medical, a company
known mainly for its pacemakers, ICDs and Angio-Seal (a vascular
closure device) purchased
Lightlab Imaging, a company that had pioneered OCT. They paid
$90 million.
To further complicate matters, Axsun Technologies
was the sole supplier of Lightlab Imaging's laser modules and they
had a contract to do so until 2016. So suddenly you had the newly
acquired subsidiary of one company supplying the central piece of
its competitor's newly acquired subsidiary's main product.
No problem, right? Lawsuits? You bet.
In any case, last week the Massachusetts Superior
Court issued a ruling, and today the results of that ruling were
reported quite differently by each company involved.
St. Jude was first out of the gate. They claimed
in their
press release ("Volcano Corporation and Axsun Technologies
misappropriated LightLab trade secrets") that the Court
had validated their claim of Volcano and Axsun colluding to impede "the
growth of a major competitor," and that there was a "scheme orchestrated
by Volcano and implemented with Axsun's assistance" to seek to supply
LightLab with a less effective laser, and that this would "adversely
affect the marketability" of LightLab's imaging system. The bottom
line was that the Court found Volcano and Axsun in violation of a
Massachusetts State Law 93A, and assessed Volcano a judgment of $400,000
plus reasonable legal fees to be paid to St. Jude, and to be determined
by the Court within the next couple weeks.
Sounds like a win for St. Jude.
Except later in the day, Volcano
issued their own statement ("Massachusetts Court Rules
in Favor of Volcano and Against St. Jude Medical") in
which they applauded the Court's decision. Huh?
Well,
it seems that the Superior Court's decision was 11 pages long, and
that, while the Court did find Volcano in violation of the Massachusetts
State law, it also dismissed St. Jude's claims of trade secrets being
used illegally, potentially a much more important finding. As Volcano
CEO Scott Huennekens, stated:
"We are pleased with this ruling.
Along with prior court decisions issued in October 2010 and
in December 2009, it confirms that that Volcano/Axsun are not
using LightLab's purported trade secrets in our OCT development
efforts. We intend to continue developing our OCT system, and
can now do so with the reassurance that the Court concurs with
our position. Volcano will continue to execute on our growth
strategy of providing industry leading diagnostic and therapeutic
imaging devices to improve patient outcomes."
Presumably as a result of the initial negative
news from the court decision, Volcano's stock price, as of the market's
close today, dropped almost 5% since Thursday's high. It would seem
reasonable that this might be corrected once the complete impact
of the Court's decision becomes known. In any case, even with the
severe two-day drop, Volcano's stock price is up 33% from a year
ago, not exactly a poor return.
From Angioplasty and Stents to Aortic Valve
Replacement 34
years ago, Andreas Gruentzig performed the first coronary angioplasty.
Rather than cutting open the chest, sawing through the sternum
and sewing a bypass conduit (harvested from the leg or internal
mammary artery) into the coronary artery, he elegantly threaded
a balloon catheter to the blockage through a small incision in
the femoral (groin) artery, in an awake patient. He then inflated
the balloon, compressing the plaque against the arterial wall
and opening the artery. The procedure was a total success and
his first patient, Adolph Bachmann, is alive and well today!
(see
video clip: " The 1st Angioplasty".)
But more importantly than just inventing angioplasty,
Gruentzig invented a method for treating patients non-surgically,
from the inside-out! What Gruentzig said was:
"Whatever becomes of the method, I
have left one mark on medicine: I have shown that man can work
therapeutically within the coronary arteries themselves in
the face of an alert comfortable patient."
Gruentzig's
proclamation was a fitting answer to a thought expressed exactly
two centuries earlier!
Englishman John Hunter, considered the founder
of "scientific surgery" and the first physician to treat
an aneurysm successfully, wrote the following in his 1777 treatise, "The
True Principles of Surgery":
"This last part...namely operations...is
a tacit acknowledgement of the insufficiency of surgery. It
is like an armed savage who attempts to get that by force which
a civilized man would get by stratagem."
So, rather than requiring the "armed savagery" of
open surgery, in the 21st century, Gruentzig's "civilized stratagem" is
now being applied to areas of medicine that he could only have imagined.
For example, diseased aortic valves, previously
only repaired via open heart surgery, are now successfully being
replaced via catheter-based technologies.
There are two major percutaneous (i.e. nonsurgical)
devices currently being studied as an alternative to surgically replacing
aortic valves in the heart: the Sapien valve, manufactured by Edwards
Lifesciences and the CoreValve, manufactured by Medtronic. The PARTNER
trial one-year results of the Sapien valve, showed a 46% relative
risk reduction in mortality over medical therapy for patients who
were too sick to have open surgery, as
reported last October in the New England Journal of Medicine.
So today, the
FDA conditionally approved changes in the just-beginning U.S.
trial for Medtronic's percutaneous CoreValve. (By the way, the
CoreValve has been approved in Europe since March 2007 and has
since been implanted in thousands of patients.) Rather than requiring
that the company test their device against "best medical therapy",
the FDA agreed with Medtronic that it would not be ethical to randomize
patients to medical therapy vs. the percutaneous valve since the
data from the PARTNER trial was so compelling as to the advantages
of the percutaneous valve.
A further boost to the CoreValve trial is that
the FDA also approved inclusion of the subclavian approach. Some
patients do not have large enough femoral arteries to accept the
equipment, or their femoral arteries are too diseased. So now the
subclavian artery can be used, although it is somewhat more invasive,
and the number of patients who might benefit from this therapy is
significantly expanded.
Abdominal Aortic Aneurysm Stent Graft Athlete One
of the things about working at Angioplasty.Org that warms my heart
(pun intended) is connecting with patients around the world. Our Patient
Forum gets posts from the U.S., U.K., Pakistan, Poland, India,
Iran, China, Chile and...North Carolina. That's where Kevin Morgan
lives and where he publishes his new blog, athletewithstent.com.
All too often, our Forum serves as a kind of complaint
department -- where patients write in about problems they are having
after stents, angioplasty, angiograms, etc. They usually find our
Forum through search engines like Google (e.g. look up "Stents
Plavix Aspirin"). And these posts are important because
on our Forum people can share stories and discover they are not alone.
But Kevin isn't having problems. In fact, he writes
that he feels "so lucky to be alive" and he wants to find
other AAA stent graft athletes to create a community on his blog.
So to help him we opened a new topic on our Forum, "Living
and Training with an Abdominal Aortic Aneurysm (AAA) Stent Graft".
Turns out Kevin has been an "IronMan" competitor
for years -- that's him in the photo above, in the summer of 2010,
just two weeks before he discovered an aneurysm in his aorta. He
had suspected something was wrong and, when this was confirmed by
his cardiologist, he was told it was 7cm and was given a 50% chance
of survival by the end of the year, unless the aneurysm was treated.
So a stent graft was placed in his aorta.
The treatment for this type of aneurysm used to
require opening the abdomen, excising the aneurysm and surgically
repairing the aorta by sewing in a graft -- very invasive open surgery.
But in the 1990's an alternative procedure was invented by Dr. Juan
Parodi -- using techniques similar to angioplasty, a stent graft
was threaded through an opening in the femoral or iliac artery, into
the aorta and expanded: no open surgery needed.
In the short 6 minute video clip below, Dr. Parodi
and colleagues tell the story of the first endovascular AAA repair
(from Angioplasty.Org's documentary, "Vascular Pioneers: Evolution
of a Specialty" -- you can buy
the DVD online.):
In the early days, the endovascular stent devices
were less sophisticated than they are now, and this less invasive
repair was used very cautiously, reserved for patients too sick for
surgery, patients so weak that they probably would not survive an
open procedure.
But now we have Kevin, a 67-year-old IronMan Athlete
with an aortic stent graft -- and he's blogging! And...he's moving
back into IronMan training, swimming, running, and biking. And...he's
looking for patients to share stories and training ideas with. Check
out his blog at athletewithstent.com.
Philadelphia Transradial Intervention Program:
Take a TRIP Just
a reminder to you interventional cardiologists, cath lab nurses
and technologists who are interested in learning how to do angiograms,
angioplasty and stents from the wrist -- next Saturday, January
15, is SCAI's second transradial program, being held in Philadelphia
with an "all-star" faculty of transradial experts (see "Transradial
Wrist Angioplasty Training Coast-to-Coast in January 2011").
The first program in Boston sold out and
this one is filling up fast. The TRIP course is being led by Program
Co-chairs Kimberly Skelding, M.D., FSCAI and Samir B. Pancholy,
M.D., FSCAI, and features "a dynamic mix of didactic lectures,
case reviews and simulation training."
Dr. Skelding told Angioplasty.Org:
"I am thrilled that the transradial approach
is being embraced by the interventional community at this point.
It has not been systematically accepted and it is an important
approach to decrease complications in our patient population,
especially for the elderly population, women and ACS/STEMI
groups which have the highest bleeding risk."
There is also a special Nurse and Technologist
Symposium on the schedule. More information and online registration
for the course can be found at SCAI's
web site.
Angioplasty and Stent Use Cut in Half --
Sort of... A
lost story this past couple of weeks has been an "admission" by
the American Heart Association that the number of angioplasties
performed in the United States is actually half of what the
AHA has been saying all these years.
In their most recent 193-page Heart
Disease and Stroke Statistics 2011 Update, published on December
15, the AHA now states that 622,000 percutaneous coronary interventions
(PCI) were performed in 2007 (the most recent period for which
stats have been compiled). Previously the AHA reported an annual
volume of around 1.3 million -- double the number.
How could this be?
Note
the graphic to the right: you'll see the wire mesh stent mounted
on a balloon (shown here expanded). In almost all PCI procedures,
a deflated balloon with stent is delivered to the blocked area
of the coronary artery. The balloon is inflated, opening the blockage.
At the same time, the stent is expanded against the vessel wall.
The balloon is then deflated and withdrawn, leaving the stent in
place.
Turns out the AHA had been double-counting:
procedure one, the balloon is expanded (a.k.a. balloon angioplasty);
procedure two, the stent is placed. That was two procedures to
the AHA.
So what? Well, the AHA annual stats are used by
many organizations for many reasons. As SCAI president Dr. Larry
Dean stated in a press
release:
"...accuracy about procedural volume is
of utmost importance as the country develops strategies for
improving healthcare systems and reducing costs.... It should
give everyone pause to realize that the main citation was incorrectly
doubled. We hope government agencies, healthcare economists,
journalists, and others participating in the healthcare debate
with new perspective on the growth of interventional procedures
in recent years."
Right! Like three years ago when
the COURAGE study was presented and anti-stent opinion reached
fever pitch, with then-AHA president Dr. Raymond Gibbons declaring
to the news media that "hundreds of thousands of Americans
with stable angina who received coronary stents did not need them ".
Err, I meant half the hundreds of thousands of
Americans...err...what did I mean?
COURAGE addressed only patients with stable
angina and found that the addition of stents to medical therapy
did not decrease mortality or heart attacks in those patients (although
they did relieve angina). At the time, interventional cardiologists
defended themselves by stating that most patients who received
stents were not those with stable angina -- and that far less people
with stable angina were being treated with stents than was being
claimed.