This is the second installment of my blog posts from my trips to Asia on behalf of Advanced Bifurcation Systems.
After the politeness and friendliness of people, the next most noteworthy thing is how incredible the infrastructure is in China. Every road I have seen in Shanghai is in perfect condition. Even traveling in the snow is surprisingly easy because of the condition of the roads.
Shanghai Pudong International Airport is beautiful and very well maintained. It made me think about the appearance of LAX and JFK in New York and what these airports communicate about China and the United States to international travelers. An airport is an important first impression to international travelers and China seems to be doing a much better job in that area. Customs was crowded but fast and polite and I cannot say the same of my many experiences at LAX.
My hotel room overlooks the Huangpu River and this morning there was a parade of boats carrying coal that went on for hours. I could only think how the last U.S. administration destroyed the domestic coal industry and the potential for U.S. exports to international market that could provide hundreds of American jobs.
This morning I was reading about Beijing, whose population is 22 million. I am very excited to do business in China. Tomorrow I have meetings for ABS with 7 institutional funds and am looking very forward to these meetings. Healthcare is a huge topic in China and ABS could be a major player in this country. The last week in March, I will attend the China Health conference and I am meeting with the largest hospital group.
The food here is awesome and people cannot do enough for you. Travel can be rewarding but also draining so the people you meet play a key role in your comfort. I will write more tomorrow, and I will sign off in Mandarin
Today I flew to Shanghai for a series of meetings across Asia. Heart disease in its many forms is one of our top global health challenges, killing over 17M people every year. So, there is tremendous interest in the ABS platform.
The United Airlines flight to Shanghai was excellent. Every traveler loves having an empty seat next to them, so you can imagine what a luxury it was to have that on such a long flight. It was a very good flight overall.
I arrived in China Saturday night local time and the people have been spectacular every step of the way. Everyone I have encountered has been extremely polite and friendly. Most of the people I have met speak English. I have been working to learn Mandarin and practicing a new language is a lot easier when people are patient with you and speak your language.
I am Staying at the Hyatt on the Bund and the hotel staff are the best I have ever experienced. Every trip has its small hiccups and my first one was transportation from the airport to the hotel. The Hyatt planned to send a car to the airport to get me, but the car did not show up. The airport was very busy, but a very friendly lady arranged a cab for me. The driver was good but spoke no English and my Mandarin is not strong enough, so we communicated via sign language that would have been funny to watch. The cab cost 650 Yuan which is $102.92 USD.
When I checked in I told the hotel desk that car did not meet me. They were very polite and sincerely embarrassed. I told them it was just a mistake and dropped it at that. It is important to give feedback to companies you do business with. How they take that feedback tells you a lot. While unpacking in my room there was a knock on my door. Sunbeen Wang, the hotel manager, personally came to apologize for the car. She bowed and told me they were very sorry and then she gave me 700 CNY for their mistake. I was shocked and know that would never happen in the States. So, they actually paid for the taxi ride. Just unbelievable. It is a great reminder of the importance of focusing on the customer as a person.
I was happy to have had an interview with IdeaMencsh. The experience was fun and the interviewer super nice and did their research.
IdeaMensch is a website for interviews on all kinds of people. The site also offers content useful for people who are starting out with a job or starting a new business. The interviews are very encouraging and inspirational.
IdeaMensch posts interviews daily so their content is always updating.
These are exciting times at ABS as we continue our progress towards regulatory approval globally and the release of our advanced stenting system worldwide. Within a few short years, most open heart surgeries could become a thing of the past.
Firm Financial Footing
The medical field is a competitive one with innovative research teams competing to attract the attention of major investors. That’s why adding Ken Richards to our team was so important. He brings with him a wealth of experience in the investment arena working for successful investment firms such as York Bridge Capital and CIBC World Markets. Ken has the expertise to help ABS reach its $20 million funding target.
Ken’s a graduate of Dalhousie University in Halifax, Nova Scotia and that’s not the only Canadian connection at ABS. On October 3, 2017, we also made a major announcement about our next wave of human clinical trials in partnership with Dalhousie University’s Medical School in New Brunswick. Planning is well underway to begin this next phase of trials at the medical school. This is a big “next step” in our steady progress towards the eventual commercial role out of our innovative stenting system.
Our breakthrough technology received a lot of positive feedback at the recent European Bifurcation Club meeting in Portugal where our CMO, Dr. Mehran Khorsandi, talked about our new procedure. We’ve been able to use this to continue our momentum and we’re excited about what the next few months has in store.
How it Works
Our new technology is designed to replace less reliable stenting methods used today. Our procedure covers all types of lesions regardless of branch angle, size, plaque burden or location. Our system places stents in both the main branch and side branch simultaneously and its self-aligning to virtually eliminate the need for further surgery.
Once we’ve received full regulatory approval I believe that the Advanced Bifurcation Systems Platform will become the method of choice for most interventionist cardiologists.
Special thanks to the team at CEOCFO Magazine for interviewing me all about what we are doing here at ABS. Advanced Bifurcation Systems believes that new techniques can lead to more coronary stenting and higher success rates and less open heart surgery. It is grat to get the story out and I appreciate the attention and exposure.
People are hungry for good news about health and medicine. Thank you to everyone on Facebook who responded to my post. On the announcement and presentation on October 14th of the ABS platform for stenting bifurcation lesions.
I posted a link to a recent Huffington Post article about how we hope that our system will allow more interventionist cardiologists to applying stenting more often. In turn, with better outcomes and that could reduce the amount of open heart surgery.
We are looking forward to upcoming human trials in Canada and to completing our application to the FDA.
The team at Advanced Bifurcation Systems is really excited about recent development there. We recently had some great investor activity, were features in several online articles and a couple of very popular social posts, and chief medical officer and co-founder Mehran Khorsand presented our platform to great responses at the European Bifurcation Club meeting in Portugal.
This Huffington Post article got a lot of attention and a World News article have gotten some response too. I know it is just the beginning of lot of attention for our team. We are looking forward to sharing a lot of great company updates in the near future.