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Use Cases
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Resources
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Pricing
Untitled timeline
ResCare
Invention of CPAP treatments
1981
% complete
Dr. Sullivan invented CPAP treatments for OSA while at Sydney University- patent
APD1 released
1989
% complete
The first product of ResCare, APD1, was released into the market in Australia, USA and Scandinavia
Australian Government R&D grant
1989
% complete
Australian Government R&D grant for $150k
Established
1989
% complete
August: ResCare Holdings Limited was registered (Dr. Sullivan and staff)
Patent acquired
1989
% complete
Sullivan's original patent bought and patents filed for Delay Timer and Auto Feedback
Alliance with Medtronic
1990
% complete
October: Alliance with Medtronic (USA) for shared equity and distribution (USA, France and Italy)
Austrade International Business Development Grant
1990
% complete
Austrade International Business Development Grant of $110k
Revenue
1990
% complete
A$1 million with 25% exports (No competition in Australia)
2 Awards
1991
% complete
Australian Government National Procurement Development Grant
1991
% complete
Australian Government National Procurement Development Grant of $375k
Exclusive license: Bubble Cushion
1991
% complete
Exclusive license of Bubble Cushion (Sullivan and Bruderer)
LOSS
1991
% complete
Due to un-budgeted legal fees (Medtronic, USA)
Released APD2
1991
% complete
Modified APD1 and released APD2
2 Awards
1992
% complete
Finalists
Agreement with Medtronic terminated
1992
% complete
Patent dispute- APPEAL
1992
% complete
November: Patent dispute between Respironics and ResCare. Respironics appealed.
Revenue
1992
% complete
April: Sales revenue doubled, exports increased to 50% and addition of new distributors
Revenue
1992
% complete
November: Exports increased to 77% and moved into a new office
Bubble Cushion S3
1993
% complete
January: Bubble cushion series 3 released
Constant CPAP
1993
% complete
October: Constant CPAP released
Loan- Austrade division
1993
% complete
A long term loan of $1.1 million was sanctioned by the Austrade division of the Federal Government of Australia
Merging- ResCare and Respironics
1993
% complete
A merging decision was taken
Patents issued
1993
% complete
The 2 patents were issued and the original one
ResCap
1993
% complete
September: ResCap released
Sullivan III
1993
% complete
May: Sullivan III released
APPEAL granted- Patent revoked
1994
% complete
The APPEAL was granted and the original patent was revoked.
Patents filed
1994
% complete
Four patents were filed
Repironics Withdrawal
1994
% complete
Respironics withdrew from merging deal
Revenue
1994
% complete
Of the total sales, 20% was Australian market and >50% was the USA
Sullivan IV
1994
% complete
Sullivan IV released
VPAP (AutoSet Clinical)
1994
% complete
VPAP released
AutoSet Portable
1995
% complete
February: AutoSet Portable released
Award
1995
% complete
Invalid Patents
1995
% complete
May: Repironics claimed all (3) ResCare patents were invalid and claimed compensation for sales loss
Revenue
1995
% complete
69% more growth (than previous year)
Sullivan Alert
1995
% complete
April: Sullivan Alert released
Sullivan Pediatric
1995
% complete
March: Sullivan Pediatric released
Sullivan V
1995
% complete
July: Sullivan V released
ResMed
AusIndustry's R&D START Program Grant
1997
% complete
AusIndustry's R&D START Program Grant of $2 million