Professional Documents
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Presentation Executive English Revised
Presentation Executive English Revised
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History of MIT Canada and its
founder
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MIT Canada founder
Karim Menassa
• Born in Cairo, Egypt, in 1951.
• In 1968, he received his diploma
as a designer in precision
mechanics.
• Immigrated to Canada in 1970
and received his immigration
status in 1976.
• Designed the first needle-free jet
injector for human application in
1978 and continued to improve it
until 1984.
• Has over 30 years of experience
in research, development, and
design of medical equipments
and devices. 4
MIT Canada: its past,its present
and its future
• Founding of the company « Idée International R&D Inc » in 1984
• Filing the patent for its needle-free injector for diabetics during the
first year.
• Research and development of its first needle-free jet injector for animal
applications; signed a multi-million dollar agreement with US company
Pitman & Moore (over $5 million was spent to adapt the injector to the
company’s need)
– Pitman & Moore invested well over 50 million$ to adapt their hormones to the
Lene-Jet of Idee.
– The venture aborted in 1993 when Pitman & Moore could not obtain the
approval from FDA and thereafter was acquired by Mallinckrodt Pharmaceutical.
• The animal project was revived in 1997. In 2000, the new needle-
free injector was conceived with new technological advancements
and was given the current name of Agro-Jet, which includes many
models.
• Founding of MIT Canada in 1998 and operations started in 2002.
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MIT Canada: its past, its present
and its future
Growing public company
Projected:
• Will eventually be listed on the AMEX or
the NASDAQ.
• Will have modern manufacturing facilities
in Quebec, USA, Europe, China and
Mexico.
• Will employ more than 100 people in
Quebec alone.
• Will be able to manufacture more than
5,000 injectors per month.
• To obtain certification from FDA.
• To become the world leader of a global
market estimated at over 4 billion$ per
year.
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Motivations underlying the use of a
needle-free injector
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What is the history behind the
needle-free injector?
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Why is its use not widespread
today?
Because:
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Possible consequences of
contamination
• Any threat of contamination, if not treated
promptly, can lead to:
– Important loss of animal and human life
– Indescribable Human suffering
– Staggering costs of hospitalization
– Incalculable financial losses
14
Another motivation:
Reduce accidents with syringes
• We already know that a factor of the
spreading of AIDS (0,3%) and hepatitis B
et C (10 %) comes from the use of
contaminated needles
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Further motivation: Elimination of
Fear and Pain
• Many people simply hate getting vaccinated
– It is estimated that nearly 10 % of the population has a significant fear
of needles
• This fear leads to the following:
– Some simply do not get vaccinated and do not go to the dentist
– The time required to vaccinate frightened people may waste time and
therefore money
– Others, such as diabetics will deliberately skip doses making
treatment less effective
• The MIT Needle-Free Injector is painless
– The diameter of the jet (gauge) is 10 times smaller (270) than the
needle used to vaccinate (27)
• The smallest needle in the world has a gauge of 33
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Why choose the needle-free
injector today?
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Injection accuracy and
effectiveness
• Vaccination of a drug, an antibiotic, Botox, etc. must
be done in one of the following 4 approaches:
– Intradermal (into the skin between the epidermis and
dermis)
• The most difficult to do
• For tuberculosis, spa treatments
– Subcutaneous (under the skin in the dermis)
• Eg: For diabetics
– Intramuscular (must always check that it has not hit a
vein)
• Quite painful
– Intravenous
• The most painful and uncomfortable
• A needle-free injector can be used in the first 3 types
of vaccination.
– Only MIT CANADA MED-JET H-III model is designed for all
three 3 types of injection in one
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The (2) MED-JET models for
human: Principal features
• More than 300 injections per hour
• Dose of 0.1 to 1cc (H-III), MBX (0.02 to
0.3cc)
• Weight of 0.7 Kg
• Accuracy at 99 % for a dose of 1cc
• Robust equipment, which can easily last over
10 years
• Variable injection pressure for patient
comfort
• Adapted for receiving syringes and even
bags of saline
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The (2) MED-JET models for
human: Principal advantages
Increase drug absoprtion Increased efficiency for
(Less medication required) intradermal vaccination
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Possible applications for
needle-free injector
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Use of needle-free injector
for human
• The syringe (with needle) in humans is
used for a multitude of applications:
– The injection of vaccines, hormones, Botox,
insulin, lidocaine, etc.
– Blood tests
– Intravenous
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Use of needle-free injector
for human (2)
Other applications :
• Hair transplant
• Palmar and plantar hyperhidrosis (with Botox)
• Treatment of migraine (with Botox)
• Injection of collagen
• Liposuction
• Local anesthesia
• A vast majority of medical interventions
involving the use of a syringe with needle
25
Use of needle-free injector
for animal
• The syringe (with needle) in animals is mainly used for:
– The injection of vaccines
– The injection of antibiotics
– The injection of hormones
– Blood tests
• The use of syringes with needles could therefore be
abandoned in more than
95 % of situations
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Advantages of needle-free injector
27
Advantages of needle-free
injector for human
The needle-free injector can:
28
Advantages of needle-free
injector for animal
The needle-free injector can:
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A Cost/Benefits analysis
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MIT CANADA future projects
• Obtain FDA approval to open up U.S. market
– Botox® Cosmetic awaits only FDA approval
to begin advertisement campains for the use
of MIT CANADA’s needle-free injector among
its users around the world
And why not a needle-free injector for each doctor and dentist
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Conclusion
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Are you ready ?
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