Predict your next investment

HEALTHCARE | Medical Devices & Equipment / Device Design & Manufacturing
tyrx.com

See what CB Insights has to offer

Founded Year

1997

Stage

Acquired | Acquired

Total Raised

$70.53M

Valuation

$0000 

Revenue

$0000 

About TYRX

Tyrx is a medical device company that commercializes implantable combination drug & device products focused on infection control, including the AIGISRx Antibacterial Envelops & Flat Sheet technologies, designed to reduce surgical-site infections associated with Cardia Implantable Electronic Devices (CIEDs). AIGISRx products contain antimicrobial agents, rifampin and minocycline, which have been shown to reduce infection by organisms representing a majority of the infections reported in implantable pacemaker and defibrillator related endocarditis.

TYRX Headquarter Location

1 Deer Park Drive Suite G

Monmouth Junction, New Jersey, 08852,

United States

732-246-8676

Latest TYRX News

09:00 ET Medtronic TYRX™ Absorbable Antibacterial Envelope Is Effective at Reducing Infections in Cardiac Device Patients with H...

Jul 26, 2021

News provided by Share this article Share this article DUBLIN, July 26, 2021 /PRNewswire/ -- Medtronic plc (NYSE: MDT ), the global leader in medical technology, today announced new data from the landmark WRAP-IT study published in Heart Rhythm, demonstrating a significantly lower infection risk for patients who develop hematomas after cardiac implantable electronic devices (CIEDs) when the TYRX™ Absorbable Antibacterial Envelope (TYRX Envelope) is used at implant. The analysis showed an 82% reduction in major CIED infections among patients with the TYRX Envelope who developed hematomas compared to patients in the control group who developed hematomas. An estimated 1.5 million patients worldwide receive a CIED every year,1 with 1% to 4% of these patients developing infections2 resulting in significant impacts on mortality, quality of life, healthcare utilization, and cost to global healthcare systems.3,4 Implant site hematoma, which is localized bleeding outside of the blood vessels, is a known complication of CIED procedures and can lead to device-related infections. Previous randomized controlled studies found a more than seven-fold risk of subsequent serious device-related infections in patients who develop a hematoma.5 The current WRAP-IT (Worldwide Randomized Antibiotic Envelope Infection Prevention Trial) analysis evaluated the incidence and consequences of hematomas and the association between TYRX Envelope use, hematomas, and major CIED infections among study patients (3,429 patients in control group; 3,371 patients in TYRX Envelope group). Patients with hematomas occurring within 30 days after the implant procedure were evaluated for subsequent infection risk. The incidence of hematomas was 2.2% (151 patients) and was similar among control and envelope patients. The key findings, through 36 months of follow-up: In the control group, there was a greater than 11-fold increase in the risk of major infection among patients with hematoma vs. those without hematoma (13.1% vs. 1.6%; p<0.001). In envelope patients, the use of the TYRX Envelope reduced the risk of major infection among patients with hematoma: an 82% reduction in infection compared to control patients with hematoma (2.5% vs. 13.1%; p=0.03). "Procedure-related hematomas are associated with serious consequences. This analysis sheds new light that these consequences can be significantly mitigated with the TYRX Envelope," said Rob Kowal, M.D., PhD., chief medical officer of the Cardiac Rhythm Management business, which is part of the Cardiovascular Portfolio at Medtronic. "We look forward to additional data from WRAP-IT exploring the risk factors leading to procedure-related hematomas." Additional Data from WRAP-IT Highlights Patients at Risk for Hematoma at Heart Rhythm 2021 The WRAP-IT trial has produced more than 20 peer-reviewed manuscripts and abstracts to date, with robust clinical evidence supporting the use of the TYRX Envelope. During Heart Rhythm 2021, the Heart Rhythm Society's annual scientific sessions, additional data from WRAP-IT will be unveiled: "Antithrombotic Use and Risk of Hematoma During Cardiac Device Procedures: Insights from the WRAP-IT Trial" will be presented from 1:30-1:40 p.m. ET July 28 (Abstract: B-PO01-038). About the TYRX™ Absorbable Antibacterial Envelope The TYRX Envelope is an absorbable, single-use device that holds a cardiac implantable electronic device or implanted neurostimulator. It is designed to stabilize the device after implantation while releasing antibacterial agents, minocycline and rifampin, over a minimum of seven days.6 Constructed from a multifilament, knitted absorbable mesh, the envelope is fully absorbed by the body approximately nine weeks after implantation.6,7 About the WRAP-IT Clinical Trial WRAP-IT compared the incidence of major infections in patients whose CIED implantation included the TYRX Envelope (3,495) and patients whose procedure did not (3,488), with follow up through 12 months. Primary results published in The New England Journal of Medicine demonstrated the TYRX Envelope reduced the risk of major infections by 40% in patients with CIEDs and reduced pocket infections by 61% when used as adjunctive therapy in addition to standard of care infection-prevention strategies.8 The trial also met its safety objective: the envelope did not increase the risk of complications through 12 months. Economic analyses have demonstrated the envelope's cost-effectiveness compared to standard-of-care infection prevention strategies in U.S.9 and European4 healthcare systems. The study population included patients receiving a new cardiac resynchronization therapy defibrillator (CRT-D); and patients receiving a replacement, system revision or generator upgrade of an existing pacemaker, cardiac resynchronization therapy-pacemaker (CRT-P), implantable cardioverter defibrillator (ICD) or CRT-D. Patients with diabetes, previous history of infection, renal failure, and/or congestive heart failure also are at higher risk for CIED infections. Based on the WRAP IT results, an international consensus statement, supported by seven medical societies (including the Heart Rhythm Society), recommends the TYRX Envelope for the WRAP IT study population and for patients with high risk factors.10 Cleveland Clinic named the Medtronic TYRX Envelope one of the Top 10 Medical Innovations for 2020,11 and the TYRX Envelope also was named a Fast Company World Changing Ideas finalist in the Health category in 2021.12 In collaboration with leading clinicians, researchers and scientists worldwide, Medtronic offers the broadest range of innovative medical technology for the interventional and surgical treatment of cardiovascular disease and cardiac arrhythmias. The company strives to offer products and services of the highest quality that deliver clinical and economic value to healthcare consumers and providers around the world. About Medtronic Medtronic plc ( www.medtronic.com ), headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies – alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together. Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results. 1 Mond HG, Proclemer A. The 11th world survey of cardiac pacing and implantable cardioverter-defibrillators: calendar year 2009 — a World Society of Arrhythmia's project. Pacing Clin Electrophysiol. 2011; 34: 1013-1027. 2 Tarakji KG, et al. Worldwide Randomized Antibiotic EnveloPe Infection PrevenTion Trial (WRAP-IT). Am Heart J. 2016;180:12 3 Wilkoff BL, Boriani G, Mittal S, et al. Impact of Cardiac Implantable Electronic Device Infection: A Clinical and Economic Analysis of the WRAP-IT Trial. Circ Arrhythm Electrophysiol 2020;13:e008280. 4 Boriani G, et al. Cost-Effectiveness Analyses of an Absorbable Antibacterial Envelope for Use in Patients at Increased Risk of Cardiac Implantable Electronic Device Infection in Germany, Italy, and England. Value Health. 2021;24(7):930-938. 5 Essebag V, Verma A, Healey JS, et al. Clinically Significant Pocket Hematoma Increases Long-Term Risk of Device Infection: BRUISE CONTROL INFECTION Study. J Am Coll Cardiol 2016;67:1300-8. 6 Huntingdon Life Sciences Study TR-2013-001. 7 Sinclair Labs Study D13599. 8 Tarakji KG, et al. Antibacterial Envelope to Prevent Cardiac Implantable Device Infection. NEJM. DOI: 10.1056/NEJMoa1901111 9 Wilkoff BL, et al. Cost-Effectiveness of an Antibacterial Envelope for Cardiac Implantable Electronic Device Infection Prevention in the US Healthcare System From the WRAP-IT Trial. Circ Arrhythm Electrophysiol. 2020;13(10):e008503. doi:10.1161/CIRCEP.120.008503. 10 Blomström-Lundqvist C, et al. European Heart Rhythm Association (EHRA) international consensus document on how to prevent, diagnose, and treat cardiac implantable electronic device infections - endorsed by the Heart Rhythm Society (HRS), the Asia Pacific Heart Rhythm Society (APHRS), the Latin American Heart Rhythm Society (LAHRS), International Society for Cardiovascular Infectious Diseases (ISCVID) and the European Society of Clinical Microbiology and Infectious Diseases (ESCMID) in collaboration with the European Association for Cardio-Thoracic Surgery (EACTS). EP Europace. 2020 April;22(4)  https://doi.org/10.1093/europace/euz246   11 Cleveland Clinic Unveils Top 10 Medical Innovations for 2020.  https://innovations.clevelandclinic.org/Summit/Top-10-Medical-Innovations/Top-10-for-2020 . Downloaded July 10,2020. 12 Fast Company World Changing Ideas Awards. https://www.fastcompany.com/90619564/world-changing-ideas-awards-2021-health-finalists-and-honorable-mentions . Downloaded July 13, 2021 Contacts:

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing TYRX

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

TYRX is included in 2 Expert Collections, including Infectious Disease.

I

Infectious Disease

2,222 items

Entities aiding the surveillance, screening, prevention, diagnosis, treatment, and containment of infections & the maintenance of public wellbeing during outbreaks.

M

Medical Devices

3,009 items

Companies that have been granted at least 1 510(k)s by the FDA since 2014. Companies tagged as #FDA510(K)

TYRX Patents

TYRX has filed 38 patents.

The 3 most popular patent topics include:

  • Implants (medicine)
  • Dosage forms
  • Polymers
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/1/2017

4/20/2021

Implants (medicine), Surgery, Fused filament fabrication, Antihemorrhagics, Dosage forms

Grant

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

5/1/2017

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Grant Date

4/20/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Title

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Related Topics

Implants (medicine), Surgery, Fused filament fabrication, Antihemorrhagics, Dosage forms

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Grant

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.