Manchester, 4 October 2017 – Phagenesis announced today that by completing a key clinical
study in Europe it has reached the first milestone in its staged acquisition agreement with Nestlé
Health Science (NHSc). Under the terms of the agreement, Nestlé Health Science has acquired
an additional stake in Phagenesis.
Reinhard Krickl, CEO of Phagenesis, said: “We are very happy to have successfully closed a key
clinical study demonstrating the clinical benefit of Phagenyx®* for the treatment of post-stroke
dysphagia amongst trachestomized patients. We are looking forward to having the study results
published early 2018.”
Phagenesis is a medical device company that has developed a new treatment for dysphagia, the
inability to swallow safely. Dysphagia is a condition with high prevalence as well as high clinical
and health economic burden. It is a debilitating condition, which frequently leads to life-threatening
complications, including aspiration pneumonia, malnutrition and dehydration. Furthermore,
patients with dysphagia experience a dramatic reduction in Quality-of-Life1.
Oern Stuge, Chairman of Phagenesis, stated: “Nestlé Health Science’s increasing stake in
Phagenesis will continue to foster a strong collaboration between Phagenesis and NHSc, allowing
Phagenesis to accelerate its clinical programs demonstrating the benefit of Phagenyx for this
significant unmet medical need.”
Currently, the management of neurogenic dysphagia is complex. Available options can improve
the status and the symptoms, but few are treating the cause. Phagenesis has developed
Phagenyx, a novel medical device designed to restore the neurological control of swallowing.
Phagenyx is based on ground-breaking research that establishes a mechanism of action of
delivering Pharyngeal Electrical Stimulation (PES) to treat the neurological cause of dysphagia.
This news release may contain forward-looking statements based on current assumptions and forecasts made by Nestlé
Health Science and Phagenesis management. Various known and unknown risks, uncertainties and other factors could
lead to differences between the actual, future results, financial situation, development or performance of the company and
the estimates given here. These factors include those discussed in Nestlé Health Science’ and Phagenesis’ public reports.
The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future
events or developments.
Glossary of terms
- Dysphagia [dis-fa´jah] = difficulty in swallowing, also known as aphagia.
- Neurogenic dysphagia = neurological oropharyngeal dysphagia is a difficulty in swallowing, caused by several
neurological conditions such as stroke.
- Phagenesis release (PDF)
Marik P et al. Aspiration Pneumonia and Dysphagia in the Elderly. Chest 2003.124;328-336.
*Phagenyx® system is CE marked and is available for sale only in the European Economic Area and Switzerland.