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NEWS RELEASES
HOUSTON (May
23, 2007) – Texas
Children’s Cancer Center has discovered a new way to reduce the
stress and discomfort of multiple needle sticks for patients, thanks
to a donation by Stanford
Financial Group of an innovative device that was just introduced
last year. Stanford Financial Group, a global financial services
company, has donated a VeinViewerTM,
the only device of its kind to use the combination of infrared light
and projection technologies to locate veins and reproduce an exact
image that is projected onto the patient, making the process of
inserting needles and catheters more efficient and much less
traumatic for both patient and clinician. The device will be
presented to the members of the advisory board at Texas Children’s
Cancer Center on Thursday, May 24th, at the group’s board
meeting.
The
VeinViewer, developed by Memphis-based Luminetx
Corporation, uses a combination of near-infrared light and
patented technologies to image vascular structures, which allows
physicians, nurses and other healthcare professional to clearly
locate subcutaneous veins directly on the skin, thereby eradicating
the possibility of numerous needle sticks. The sight range of the
VeinViewer extends from the surface of the skin to approximately 6
to 8 mm deep and can distinguish arteries from veins. The device
enables clinicians to visualize the location of the target area and
observe any movement of the vasculature, regardless of a patient’s
age, body type or skin tone.
Stanford was
a lead investor with the inventor of the VeinViewer, Luminetx
Corporation, a developer and marketer of biomedical technologies
founded in 2005 and located in the biotech district of Memphis.
Stanford donated the very first commercial VeinViewer produced,
serial #1, to St. Jude Children’s Research Hospital in Memphis. The
donation to Texas Children’s Cancer Center is the second for the
company. The hospital is only the 16th children’s hospital to
receive a VeinViewer.
According to
Jay Comeaux, executive director with Stanford Group Company and a
member of the advisory board of the hospital, Stanford has made it a
priority to give back to the community, and providing this
innovative device to Texas Children’s is a way to give a gift that
keeps on giving. “This technology is amazing, and its ability to
reduce the anxiety associated with needles is particularly important
for these special patients. It is an extraordinary breakthrough in
delivering care, and anything that helps lessen the children’s
discomfort is a gift that is definitely our pleasure to give,”
Comeaux said.
“Our primary
concern is to heal the patients and make sure they endure as little
pain as possible. The VeinViewer gives us the ability to ensure that
the children will get the treatment they need, without being
frightened of the process. Stanford’s gift will allow us to
continue giving back to these brave patients every single day,”
said Dr.
Poplack, Director of Texas Children’s Cancer Center.
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About Texas Children’s Hospital
As one of the nation’s largest
pediatric hospitals, Texas Children’s is renowned for its expertise
and breakthrough development in the treatment of cancer, premature
infants, cardiogenic disorders, diabetes, asthma, HIV/AIDS and
attention-related disorders. Since opening its doors in 1954, the
Texas Children's Hospital Integrated Delivery System (IDS) has cared
for more than 1 million children from every corner of the world, and
has more than 2 million patient encounters a year. Internationally
recognized, the hospital is ranked in the top four among children’s
hospitals by both Child magazine and U.S. News and World Report.
About Stanford Financial
Stanford Financial Group is a
privately held, wholly owned global group of financial services
companies led by Chairman and CEO R. Allen Stanford and founded by
his grandfather, Lodis B. Stanford in 1932. Stanford's core
businesses are private wealth management and investment banking for
institutions and emerging growth companies. Stanford provides
private and institutional investors with global expertise in asset
allocation strategies, investment advisory services, equity
research, international private banking and trust administration,
commercial banking, investment banking, merchant banking,
institutional sales and trading, real estate investment and
insurance. Stanford serves clients from 136 countries on six
continents. Securities products and services in the United States
are offered through Stanford Group Company, member NASD/SIPC. More
information on the company can be found at
www.stanfordfinancialgroup.com
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