Staff of the Italian start-up Isinnova showing valves produced with a 3D printer for hospitals in Brescia. Reuters
Staff of the Italian start-up Isinnova showing valves produced with a 3D printer for hospitals in Brescia. Reuters
Staff of the Italian start-up Isinnova showing valves produced with a 3D printer for hospitals in Brescia. Reuters
Staff of the Italian start-up Isinnova showing valves produced with a 3D printer for hospitals in Brescia. Reuters

3D-printed valves come to the rescue of coronavirus patients in Italy


Alkesh Sharma
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As the coronavirus pandemic continues to disrupt global supply chains and cause a shortage of medical equipment, 3D printing technology is helping an Italian hospital meet a scarcity of valves used in ventilators.

The technology is being developed by an Italian digital start-up, Isinnova, in collaboration with local entrepreneur Massimo Temporelli.

"We came to know that the hospital was urgently looking for valves and there was a shortage in supply, we immediately got in touch with the staff and started the work," Cristian Fracassi, founder of Isinnova, told The National.

The company, which employs 14 people, first printed a few prototypes of the valves that were successfully tested by the medical staff at Chiari hospital in Brescia, a city in the northern region of Lombardy – one of the areas hardest hit by the virus.

Isinnova has so far printed more than 100 valves – weighing only 20 grams each – and supplied them to the hospital free of charge.

Made of plastic, these valves connect oxygen masks to ventilators used by coronavirus patients. They are called Venturi valves, named after 18th-century Italian physicist Giovanni Battista Venturi.

“We are not charging for these valves. This is our gesture to give back to the society,” said Mr Fracassi.

3D-printed valves for coronavirus patients at a hospital in Brescia. Reuters
3D-printed valves for coronavirus patients at a hospital in Brescia. Reuters

Italy is struggling with the worst outbreak of coronavirus outside China. More than 2,500 people have died out of the 31,500 and more who have contracted the disease.

"Ten patients are accompanied by a 3D-printed valve machine [at Chiari hospital]," wrote Mr Temporelli, who is based out of Milan, on his Facebook wall.

“We have to give a big round of applause to Cristian Fracassi who with his team designed and printed 3D the missing piece ... all at the speed of light,” said Mr Temporelli, who was the first to approach Isinnova.

Paola Pisano, Italy’s Minister for Innovation and Digitalisation, took to Twitter to praise this breakthrough.

"Congratulations to Cristian Fracassi and all the people who helped him in the task of 3D printing the missing valves for the respirators of the Chiari Hospital in Brescia," she tweeted.

Although the case for replacing industrial manufacturing on a wider scale with 3D printing is unproven, ratings agency Moody’s said the technology has great potential in many sectors.

Industries such as aerospace, medical devices, eyewear and automotive will benefit from this technology which rapidly builds a three-dimensional object that can be customised cheaply using a computer-aided design model, Moody's said in a report released in August last year.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”