Blood Management Products Receive FDA Marketing Clearance

Neoteric Technology Ltd. has received marketing clearance from the FDA for BloodTrack, a suite of products used in hospitals to manage blood inventory and ensure safe transfusions at the bedside.

"FDA Clearance will allow us to bring our experience from more than 60 installations in the UK to the U.S. market," said Geof Auchinleck, Neoteric's president. "We expect to see a similar impact on blood safety and the cost
of blood transfusion in the U.S. as we have experienced in the UK."

"Using BloodTrack we've seen a reduction of blood usage by as much as 25 percent in some locations. At $500 a blood unit, and thousands of units transfused a year, this can save hospitals millions of dollars," Auchinleck says.

BloodTrack is a comprehensive suite of products that extends control of blood
products beyond the blood bank. BloodTrack Courier is a kiosk based system
used at remote refrigerators to electronically track blood units and monitor inventory levels while BloodTrack Hemosafe is a sophisticated refrigerated
vending machine that provides controlled allocation of blood in locations such
as the OR and ER. Once the blood unit arrives at the bedside, nurses use a
handheld PDA with BloodTrack SafeTx to scan the blood unit and patient's
barcoded wristband to ensure the right patient receives the right blood.