Manchester, UK – 21 March 2013 − Phagenesis®, the world’s leading company in the treatment of dysphagia, has appointed Dr. Oern Stuge, former senior executive at Medtronic and Abbott Laboratories, as Chairman.
The appointment comes as Phagenesis® secures its first revenues from its Phagenyx® treatment for dysphagia, launched in Q4 2012. Dysphagia is the inability to swallow safely, a condition caused by a variety of neurological conditions including stroke, Parkinson’s disease, cerebral palsy and multiple sclerosis.
Dr. Stuge brings to Phagenesis® his extensive experience at Medtronic Inc. in different positions including Senior Vice President & President Cardiac Surgery, President EMEA, Latin America, Canada & India, member of the Executive Committee & Operating Committee. He began his career as a practicing physician and has an MD from the University of Oslo, and an MBA from IMD in Lausanne.
Dr. Stuge said: “I am honoured to be invited to chair the board of Phagenesis®, whose innovative technology addresses a genuine unmet need. With the company’s technology we hope to help many patients: dysphagia is a debilitating condition that affects tens of millions worldwide who, until now, have not had access to a treatment that addresses the underlying neurological mechanism of the condition.”
Henry Hyde Thomson, outgoing chairman, commented: “In the three years I have served as Chairman, Phagenesis® has grown from a start-up to a revenue-generating company which has successfully launched its dysphagia treatment. Dr. Stuge’s extensive experience in the field of medical devices will help ensure Phagenesis’ continued success as it rolls out this vital treatment to patients and their carers around the world.”
Phagenyx® is the result of almost 20 years of R&D at the University of Manchester, UK. Treatment consists of a calibrated electrical signal delivered to the oropharynx (back of the throat) for 10 minutes a day for three consecutive days. Randomised controlled trials have shown that patients improve their swallowing function, and brain imaging shows that this is achieved through cortical remapping; a healthy part of the brain takes over the function of the damaged swallowing control centre.
Daniel Green, CEO, said: “Dr. Stuge’s appointment to the chairmanship is a great vote of confidence in Phagenesis® and the prospects for the Phagenyx® treatment, as we focus on the delivery of proven tools to help clinicians improve the lives of dysphagic patients in their care.”