The Conversation (0)
BPH Energy Eyes Next Phase of Development for Anaesthesia Monitoring Device
Jun. 13, 2024 01:00PM PST
Oil and Gas Investing“We'll be looking in terms of the value inflection point to have those elements of technical advancement registered and accepted by the regulatory authorities as upgrades for that technology,” said BPH Energy Managing Director and Executive Chairman David Breeze.
BPH Energy (ASX:BP8) has completed a AU$1 million (before costs) capital raise to execute the next phase of investment in its hydrocarbon projects and the development of Cortical Dynamics.
David Breeze, the company’s managing director and executive chairman, said part of the funds will be used for the next-phase development of Cortical Dynamics’ anaesthesia monitoring EEG-based device called BARM, which stands for brain anaesthesia response monitor.
Cortical’s BARM device helps keep the patient optimally anaesthetised during surgery, and Breeze emphasised the significant unmet need in the anaesthetics community to not only optimally anaesthetise the patient, but also administer the appropriate dose of analgesia.
“Cortical already is registered in the US Food and Drug Administration, in Korea, in Europe and in Australia. It is currently going through the next phase of development. In other words, a model two enhancement of all the components — software, hardware, firmware,” Breeze said. “We'll be looking in terms of the value inflection point to have those elements of technical advancement registered and accepted by the regulatory authorities as upgrades for that technology.”
Cortical Dynamics’ proprietary BARM technology has met the necessary prerequisites of the Philips License and Cooperation Agreement, confirming its compatibility with the Philips Patient Monitoring Systems IntelliVue MP40-90 and MX400-850.
Watch the full interview with BPH Energy Managing Director and Executive Chairman David Breeze above.
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