STOCK TITAN

Asahi Kasei Medical and AW Technologies enter exclusive distribution agreement for TrachFlush in Japan

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
AW Technologies and Asahi Kasei Medical have signed an exclusive distribution agreement in Japan for the TrachFlush™ device, targeting a market launch in fiscal 2024. The TrachFlush is a medical device designed to ease discomfort for ventilated patients and reduce the workload on healthcare professionals during tracheal suctioning.
Positive
  • None.
Negative
  • None.

TOKYO & NEW YORK & DÜSSELDORF, Germany--(BUSINESS WIRE)-- AW Technologies and Asahi Kasei Medical, a core operating company of the Asahi Kasei Group, have entered into an exclusive distribution agreement in Japan for AW Technologies’ TrachFlush™ device. AW Technologies is currently in the process of medical device registration of the TrachFlush in Japan, with market launch targeted in fiscal 2024.

The TrachFlush and a unique cuff pressure control aligned with ventilator flow. (Graphic: Business Wire)

The TrachFlush and a unique cuff pressure control aligned with ventilator flow. (Graphic: Business Wire)

Developed by AW Technologies based on an invention by an intensivist, the TrachFlush is a medical device to reduce the discomfort of ventilated patients while lightening the workload on healthcare professionals during tracheal suctioning. The TrachFlush supports airway secretion (phlegm) management with a unique cuff pressure control system, and has received the CE Mark in Europe in 2020 and FDA clearance in the United States in 2023. In Japan, marketing and sale is to be performed by Asahi Kasei Medical.

With the push of a button, the TrachFlush deflates the cuff and utilizes the ventilator air pressure during an inspiratory cycle, and re-inflates the cuff before the cycle completes.

Ken Shinomiya, President of Asahi Kasei Medical, stated, "We are delighted to add the TrachFlush to our product lineup in the intensive care field, where we have strength in the area of blood purification. By leveraging our experience and know-how in blood purification, we believe that this will deliver diverse value, such as enhancing patients’ QOL and reducing the burden on healthcare workers."

Adam Hansen, CEO of AW Technologies, commented, "We are very pleased and excited to announce our partnership with Asahi Kasei Medical. This partnership is very important for AW Technologies, and Asahi Kasei Medical will play a very important role in our expansion of TrachFlush globally. We believe the TrachFlush will have a great impact in the ICU – not only by preventing ventilator-associated pneumonia, but also by non-invasively preventing the accumulation of secretion in the airways."

About AW Technologies ApS

AW Technologies is a Danish medical device company, established in 2018, focused on developing disruptive and innovative airway management solutions for mechanically ventilated patients in the ICU, including TrachFlush. For further information, please visit www.trachflush.com and www.awtechnologies.dk.

About Asahi Kasei and Asahi Kasei Medical

The Asahi Kasei Group contributes to life and living for people around the world. Since its foundation in 1922 with ammonia and cellulose fiber business, Asahi Kasei has consistently grown through the proactive transformation of its business portfolio to meet the evolving needs of every age. With more than 48,000 employees worldwide, the company contributes to sustainable society by providing solutions to the world’s challenges through its three business sectors of Material, Homes, and Health Care. Asahi Kasei Medical is a core operating company in the Health Care sector. Its blood purification business comprises devices and systems for dialysis and therapeutic apheresis, and its bioprocess business comprises equipment for the manufacture of biotherapeutics, biosafety testing services, and biologics CDMO operations. For more information, visit www.asahi-kasei.com and www.asahi-kasei.co.jp/medical/en/.

North America Contact:

Asahi Kasei America Inc.

Christian OKeefe

christian.okeefe@ak-america.com



Europe Contact:

Asahi Kasei Europe GmbH

Sebastian Schmidt

sebastian.schmidt@asahi-kasei.eu

Source: Asahi Kasei Medical Co., Ltd.

FAQ

What is the exclusive distribution agreement about for the TrachFlush™ device in Japan?

AW Technologies and Asahi Kasei Medical have entered into an exclusive distribution agreement in Japan for the TrachFlush™ device.

What is the target timeline for the market launch of the TrachFlush™ device in Japan?

The market launch of the TrachFlush™ device in Japan is targeted for fiscal 2024.

What are the key features of the TrachFlush™ device?

The TrachFlush™ device supports airway secretion management with a unique cuff pressure control system.

Which regulatory approvals has the TrachFlush™ device received?

The TrachFlush™ device has received the CE Mark in Europe in 2020 and FDA clearance in the United States in 2023.

Who will be responsible for marketing and selling the TrachFlush™ device in Japan?

In Japan, marketing and sale of the TrachFlush™ device will be performed by Asahi Kasei Medical.

ASAHI KAISEI CRP UNSP/ADR

OTC:AHKSY

AHKSY Rankings

AHKSY Latest News

AHKSY Stock Data

9.89B
693.13M
0%
Chemicals
Basic Materials
Link
United States of America
Tokyo