cardiology model

Our Company

Pacertool is solving a 20 year old problem to understand how to effectively measure the underlying mechanisms for the development of dyssynchronus heart failure. The measurement can be used as a biomarker with the ability to improve the outcome in heart failure patients. To do so, Pacertool aims to be first to market in the US and Europe with a proprietary medical device to address this unmet medical need.

Currently, 30-40% of the heart failure patients needing resynchronization therapy have limited effect of a biventricular pacemaker (CRT) implantation and around 10% of the patients are fearing worse after the implant. This affects around 40,000 patients per year and constitutes an estimated annual burden of more than USD 1B to the healthcare systems in the US and Europe. Promoting value-based healthcare, Pacertool has the potential to reduce these costs and at the same time increase the market and effectiveness of the implanted pacemakers.

Pacertool will over the next years develop the complete Pacertool system and will enter into clinical and regulatory processes to validate the technology. The company targets the US market with a staged regulatory strategy utilizing already approved devices before establishing clinical data for unique indications for use.

Pacertool team

The company was founded by Dr. Hans Henrik Odland in 2019 and has completed the first proof-of-principle clinical trial in 45 heart failure patients. Pacertool has established a dedicated team of medical device professionals in Oslo, Norway. The team has a deep understanding of R&D processes for SW, hardware, and advanced intracardiac electrophysiology catheters.

Why Pacertool?

Pacertool is here to deliver the right treatment to the right heart failure patients at the right time.

We will address the “Why?” question by focusing on three main objectives:

  1. We will be first to market with technologies that improve the outcomes for heart failure patients with dyssynchronous heart failure and reduced ejection fraction (HFrEF); and

  2. We will improve the survival chances the quality of life for HFrEF patients by optimizing the pacing approaches selected for these patients; and finally

  3. We will improve the workflow for the implanting physician by offering an operator agnostic, easy-to-use diagnostic tool that optimizes the pacemaker implantation.

Our Values

At the core of the company lies our values which are:

Iterate from Plan A to a Plan that Works

Pacertool supports a learning environment where you are allowed to take risks, learn from your mistakes and succeed. We do accept that we can start with an initial plan and learn on our way thereby iterating to a plan that works. This is part of a lean development philosophy described well in the book “Running Lean” by Ash Maurya.

We are Here Because of an Opportunity

Celebrating success means looking back at achievements and this could lead to losing sight of the vision and goals. We therefor celebrate opportunities, looking forward keeping the vision in sight!  What’s the next task? We celebrate opportunities that can bring us closer to the goal! A new task is an opportunity that brings us towards our goals and visions.

Our Company is Built on Trust

At Pacertool we believe that great achievements are founded on ethical behavior, ability to compromise, transparency, and long-term integrity. These values are not only promoted within the company’s culture but are also reflected in our cooperation with external stakeholders.

“Vi Spiller Hverandre Gode!”

The best translation of this Norwegian expression is “I pass the puck so that you can score”. In other words: Pacertool promotes a collaborative work environment where the exchange of information and ideas are critical to the company.

A Strong Sense of Community

Pacertool is creating a community where experts are encouraged to freely exchange ideas, continuously learn from one another and cooperate across disciplines, where everyone is treated fairly and with respect.

“Push, Push, Push!” A Strong Sense of Belonging to a Team that Supports You Moving Forward

Be the one in the team that enables a push forward! Be the one in the team to push forward towards the goal! Help team members move forward, explain, guide, inform, and motivate! Strengthen the engine! Point to any mistake, fault, or pushback that could prevent a push! Get out of your comfort zone!

Our Team

Daglig leder / CEO
Jon H Hoem

Jon H. Hoem
Jon joined Pacertool in March 2022 with more than 30 years’ Class IIb/III medical device experience in cardiac surgery and interventional cardiology filling various positions in product development, sales&marketing, and management.

He holds a master’s degree in microelectronics and organizational development from the Norwegian University of Science and Technology (NTH, now NTNU).


Founder, President and Chief Medical Officer (CMO)
Dr. Hans Henrik Odland

Dr. Hans Henrik Odland
Hans Henrik is the Founder and past CEO of Pacertool. He has more than 25 years of experience as a Medical Doctor, starting as a Pediatrician and moving forward as a Pediatric Cardiologist and Electrophysiologist, working with both children and adults.

Co-Founder and Chief Operating Officer (COO)
Mohammad Albatat

Mohammad Albatat
Mohammad has been with Pacertool since its establishment with more than 7 years of experience in Medical Technology, Research in Computational Physiology, and Biomedical Engineering. He holds a master’s degree in physics and Engineering in Medicine from University College London and has recently submitted his Ph.D. thesis on CRT optimization to the Faculty of Medicine at Oslo University. At Pacertool, he is responsible for the implementation of Plan A of the company and the Quality Management System.

Co-Founder and Chief Technology Officer (CTO)
Per Magne

Per Magne Florvaag
Per Magne holds a master’s degree in applied mathematics with a specialization in machine learning for medical image analysis from the University of Oslo and over 10 years of software development experience. Per Magne started working with Pacertool in 2018 while it was still a research project through the company Simula Research Laboratory.

Project and Usability Manager
Vegard

Vegard Amundsen
Vegard joined Pacertool as Chief Hardware Engineer as of February 1st 2022. He has more than 10 years of experience from the medical device business in various positions from being a clinical support specialist to Territory Manager. He holds a Master of Science degree in Computational Physics from the University of Oslo.

Chief SW Engineer
Lukasz

Dr. Łukasz Paszkowski
Łukasz achieved his PhD in Differential Equations in 2014 from the University of Wrocław. His interest in programming from an early age, coupled with his advanced math education led him to build a solid career as a scientific programmer. Łukasz has built the Pacertool Software, our main product, from scratch and is naturally leading the software development in the company.

Senior SW Engineer and Data Scientist
Maciej

Dr. Maciej Marciniak
Maciej joined Pacertool in August 2021 with 5 years of experience in cardiac morphology analysis, scientific research on cardiac imaging, biomedical engineering, and data science.

He holds a master’s degree in Informatics from the University of Oslo and a PhD degree from King’s College London, with his thesis titled ‘Computational analysis of human cardiac anatomy and its interaction with the heart’s function’.


Governance (Board of Directors)

Pacertool’s Board of Directors consists of healthcare professionals and investors with a solid track record in managing and overseeing successful early stage growth companies:

Chairman of the Board
Tom Pike

Tom Pike
Tom is a life science industry professional various holding board positions and other engagements. He has over 35 years of experience in the health industry, including global responsibilities at Roche in Switzerland and as CEO of Roche Norway, Partner at the venture capital fund NeoMed and Chairman of the pharmaceutical industry association (LMI).

Member of the Board
Dr. Hans Henrik Odland

Dr. Hans Henrik Odland
Hans Henrik is the Founder and past CEO of Pacertool. He has more than 25 years of experience as a Medical Doctor, starting as a pediatrician and moving forward as a Pediatric Cardiologist and Electrophysiologist, working with both children and adults.

Member of the Board,
CEO and Founding Partner, p53
Susanne

Dr. Susanne Stuffers
Susanne holds an M.D. degree from the Erasmus University Rotterdam, Netherlands, and a Ph.D. degree in cancer biomedicine from the Norwegian Radiumhospital.

Member of the Board, Partner,
Investment Advisor Sarsia Seed
Øivind Enger

Dr. Øivind Enger
Øivind has over 13 years of research experience in molecular biology and fish disease, and 5 years in commercialising research based projects in biology, aqua culture, medicine and biotechnology. He has several years of managerial and board experience from position with Sarsia Innovation AS.

Non-Executive Board Member
Mona K Berg

Mona K. Berg
Mona joined Pacertool as a Board Member as of 24th Jan. 2022. She has more than 30 years of experience from the Medical Technical business in various positions from being a Sales Representative to General Manager – in Norway, Nordics and Europe.

She holds a Bachelor in Nursing from Oslo University Hospital and a Bachelor in Marketing, Business and Management from The Norwegian School of Marketing and Business Studies/BI.

Member of the Board,
Portfolio Manager at Rasmussengruppen AS
Børre Rasmussen

Børre AB Grønningsæter
Børre started work as a stockbroker in 1994 for Saga Securities AS in Oslo (now Danske Securities) where he became partner in 1995. In 1998 he joined RASMUSSENGRUPPEN AS where he holds the position as Portfolio Manager. He is also CEO for the two subsidiaries PORTIA AS and CRESSIDA AS, fully owned by RASMUSSENGRUPPEN AS.


Quality Policy

Pacertool is dedicated to providing uncompromised quality products and effective solutions to health care professionals and patients by always complying with applicable national and international regulatory requirements.

We strive for continuous improvement and believe that listening to customer needs and meeting market needs are key to optimal product quality. 

Pacertool follows an ISO13485:2016 compliant quality management system, certified by BSI, our Notified Body. Please refer to the ISO certificate below.

Investors

Pacertool has recently closed a seed financing round supported by a prominent Norwegian investor consortium: TD Veen/p53, Sarsia Seed and the Rasmussen Group. The company has also received public funding through the Norwegian Research Council, Innovation Norway and the European Union.  

Our investors have a long-term perspective of building a successful medical device company and has a track record of supporting other successful Norwegian biotech and medical device companies such as Nykode (Vaccibody) and BerGenBio. In the words of TD Veen/p53: “We seek to contribute to the development and commercialization of groundbreaking ideas that will increase accessibility to cutting-edge treatments and innovative solutions with positive effect on quality of life and well-being”. 

Pacertool has also secured non-dilutive funding from the Research Council of Norway, Innovation Norway and through the Eureka Eurostars program.

We are welcoming new investors who share the Pacertool vision of precision treatment of heart failure patients.

For further information please contact our CEO, Jon H. Hoem, at jhh@pacertool.com or call at +47 97 30 30 09.

Supported by
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rasmussenGruppen
theResearchcouncilNorway
innovationNorway
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