9RO1R ,661
130
&$5',2/2*Ë$'(/$'8/7235(6(17$&,Ï1'(&$626
$QHXULVPDGHOWURQFRSULQFLSDOGHODDUWHULDFRURQDULDL]TXLHUGD 'HVFULSFLyQGHXQFDVRFOtQLFR\UHYLVLyQGHWHPD $QHXU\VPRIWKHPDLQWUXQNRIWKHOHIWFRURQDU\DUWHU\ 'HVFULSWLRQRIDFOLQLFDOFDVHDQGNLWHUDWXUHUHYLHZ -XOLR&5RGUtJXH]0' $OH[5LYHUD0' %LELDQD3LQ]yQ0' Bogotá, Colombia.
El aneurisma arterial coronario constituye una entidad rara en la población; su incidencia varía entre 1,5% y 5%, siendo más frecuente en hombres. Existe escasa bibliografía acerca de esta patología a pesar de que su estudio se remonta a finales del siglo XVIII. La arteria que se afecta con mayor frecuencia es la coronaria derecha, aproximadamente en 40% de los casos. La dificultad al momento del diagnóstico clínico radica en que inicialmente el enfoque está dirigido a confirmar y tratar de manera oportuna el síndrome coronario agudo que con insistencia constituye la manifestación inicial con que cursan este tipo de pacientes; por ello el diagnóstico necesariamente requiere ayudas imaginológicas e intervencionistas, o ambas. Hay muchas causas que puedan producir aneurismas en la circulación coronaria, la más común de ellas es la aterosclerosisseguida por trastornos congénitos, enfermedades del tejido conectivo, vasculitis y consumo de cocaína entre otros. Recientemente se han publicado innovadores estudios respecto a la fisiopatología y los avances en terapéutica farmacológica e intervencionista, aunque el tratamiento debe enfocarse en los factores de riesgo, las patologías y las manifestaciones clínicas que presente el paciente. PALABRAS CLAVE: aneurisma arterial coronario, aneurisma sacular, aneurisma fusiforme, ectasia coronaria, isquemia miocárdica, cocaína, enfermedad de Kawasaki, síndrome coronario agudo, arterioesclerosis.
Coronary artery aneurysm is a rare entity in the population. Its incidence rates vary between 1.5% 5%, and is more frequent in males. There is limited literature on this disease, although its study goes back to the late eighteenth century. The most frequently affected artery is the right coronary artery, in approximately 40% of cases. The initial diagnostic difficulty lies in the fact that the initial approach is focused in confirming and treating properly the coronary acute syndrome, which is the most frequent initial presentation in these patients. Therefore, its diagnosis requires necessarily imaging or interventionist aid, or both. Many causes account for coronary aneurysms, being the most common atherosclerosis followed by congenital abnormalities, connective tissue diseases, vasculitis and cocaine consumption. Novel studies regarding the physiopathology and advances in pharmacological and interventionist therapy have been published, although treatment must focus on risk factors, associated pathologies and clinical manifestations. KEY WORDS: coronary artery aneurysm, sacular aneurysm, fusiform aneurysm, coronary ectasia, myocardial ischemia, cocaine, Kawasaki disease, acute coronary syndrome, atherosclerosis. 5HY&RORPE&DUGLRO )XQGDFLyQ6DQWD)HGH%RJRWi%RJRWi&RORPELD &RUUHVSRQGHQFLD 'U -XOLR &pVDU 5RGUtJXH] *R\HV )XQGDFLyQ 6DQWD )H GH %RJRWi 'HSDUWDPHQWRGH0HGLFLQD,QWHUQD&DOOH1R%RJRWi'&&RORPELD7HOpIRQRV )D[ $$&RUUHRHOHFWUyQLFRMXOOLXVF#\DKRRFRPP[ 5HFLELGR$FHSWDGR
5HYLVWD&RORPELDQDGH&DUGLRORJtD 0D\R-XQLR
9RO1R ,661
131
&DVRFOtQLFR 3DFLHQWHPDVFXOLQRGHDxRVRULJLQDULRGH*LUDUGRW \SURFHGHQWHGH%RJRWiTXtPLFRGHVGHKDFHYHLQWLFLQFR DxRVFRQIDFWRUHVGHULHVJRFDUGLRYDVFXODUHVGDGRVSRU HGDGJpQHURVHGHQWDULVPRREHVLGDGGLVOLSLGHPLD\ KiELWR GH IXPDU GH SDTXHWHVDxR GXUDQWH YHLQWH DxRVKDVWDKDFHGLH]DxRVTXLHQDVLVWLyHOGHPDU]R GHDFRQVXOWDH[WHUQDFRQ0HGLFLQD,QWHUQDHQOD )XQGDFLyQ 6DQWD )H GH %RJRWi SRU FXDGUR GH GRORU WRUiFLFRSUHFRUGLDOGHFLQFRGtDVGHHYROXFLyQRSUHVLYR FRQ LQWHQVLGDG VLQ LUUDGLDFLyQ GHVHQFDGHQDGR FRQPHGLDQRVHVIXHU]RV\GLVQHDSDUR[tVWLFDQRFWXUQD(Q GLFKDFRQVXOWDVXVVLJQRVYLWDOHVIXHURQ7$)& )5 7 3HVR 7DOOD ,0& VLQ DOWHUDFLRQHVDOH[DPHQItVLFR/DFRQGXFWDDVHJXLUIXH HVWXGLR DPEXODWRULR PHGLDQWH HFRFDUGLRJUDPD HVWUpV FRQGREXWDPLQD\QXHYRFRQWUROSRUFRQVXOWDH[WHUQD $VLVWLyFRQUHVXOWDGRVGHSDUDFOtQLFRVHOGHDEULOGH HQORVTXHVHHQFRQWUyHFRFDUGLRJUDPDFRQHVWUpV IDUPDFROyJLFRFRQIUDFFLyQGHH\HFFLyQGHSRVLWL YRSDUDLVTXHPLDPLRFiUGLFDLQGXFLGDSRUHOIiUPDFRDO GHODIUHFXHQFLDFDUGLDFDPi[LPDHVSHUDGD&RQ HOHVWtPXORIDUPDFROyJLFRVHSUHVHQWyLQFUHPHQWRHQOD FRQWUDFWLOLGDGHQWRGRVORVVHJPHQWRVH[DPLQDGRVH[ FHSWR HQ HO WHUFLR SUR[LPDO GH OD SDUHG DQWHULRU /D SUXHEDIXHVXVSHQGLGDSRUGRORU\DOWHUDFLRQHVGHOD FRQWUDFWLOLGDG $QWHHVWRVKDOOD]JRVHO,QWHUQLVWDTXHOHYDORUyGHFLGLy VXWUDVODGRDXUJHQFLDVSXHVHQHVHPRPHQWRFXUVDED FRQ FXDGUR GH GRORU WRUiFLFR DSUR[LPDGDPHQWH GH FXDUHQWDPLQXWRVGHHYROXFLyQRSUHVLYRGHLQWHQVLGDG VLQ LUUDGLDFLyQ DVRFLDGD D GLVQHD GH PtQLPRV HVIXHU]RV'HVGHVX~OWLPRFRQWUROXQPHV KDEtDSUHVHQ WDGRGHWHULRURGHODFODVHIXQFLRQDOGH,,9D,9,9FRQ PD\RULQWHQVLGDGGHORVVtQWRPDVHQOD~OWLPDVHPDQD FXUVDQGRDGHPiVHQHVRV~OWLPRVGtDVFRQGRORUWRUiFLFR SUHFRUGLDORSUHVLYRGHVHQFDGHQDGRSRUHVWUpV\HVIXHU ]RSHURQRHQUHSRVRVLQLUUDGLDFLyQGHLQWHQVLGDG \ GXUDFLyQ Pi[LPD GH YHLQWH PLQXWRV (Q ORV SDUDFOtQLFRVVROLFLWDGRVVHHQFRQWUyHOHFWURFDUGLRJUDPD QRUPDOWURSRQLQD,QHJDWLYDDOLQJUHVR\DODVVHLVKRUDV \UDGLRJUDItDVLQDOWHUDFLRQHVVLJQLILFDWLYDV)LJXUD 6H GLDJQRVWLFyVtQGURPHFRURQDULRDJXGRVLQHOHYDFLyQGHO VHJPHQWR67DQJLQDLQHVWDEOHFODVLILFDFLyQGH%UDXQZDOG ,% \VHLQLFLyPDQHMRDQWLLVTXpPLFRHQR[DSDULQDPJ NJ6&%,'iFLGRDFHWLOVDOLFtOLFRFORSLGRJUHO QLWURJOLFH ULQD\PHWRSURORO\VHREVHUYyPHMRUtDGHORVVtQWRPDV 3RU ORV UHVXOWDGRV SRVLWLYRV HQ HO HFRFDUGLRJUDPD GH HVWUpVFRQGREXWDPLQDVHGHFLGLyKDFHUDUWHULRJUDItD
Figura 1.5DGLRJUDItD3$\ODWHUDOGHWyUD[&RPR~QLFDDQRPDOtDVH HYLGHQFLDLPDJHQUDGLRRSDFDHQODEDVHSXOPRQDUL]TXLHUGDFRPSD WLEOH FRQ DWHOHFWDVLD VXEVHJPHQWDULD D HVH QLYHO
FRURQDULDSRUFDWHWHULVPR)LJXUD HQODTXHVHKDOOy )(GLODWDFLyQGHODUDt]DyUWLFDFPWURQFRGHOD FRURQDULDL]TXLHUGDGLODWDGRFRQDQHXULVPDGHPP HQVXWHUFLRGLVWDOFRQFRPSURPLVRHQHORULJHQGHVXV UDPDVGHVFHQGHQWHDQWHULRUFRQHFWDVLDHQVXVWHUFLRV SUR[LPDO\PHGLRFLUFXQIOHMDFRQHFWDVLDHQVXWHUFLR SUR[LPDOUDPXVLQWHUPHGLRFRQHFWDVLDHQVXVWHUFLRV SUR[LPDO \ PHGLR FRURQDULD GHUHFKD FRQ HFWDVLD HQ WHUFLRV SUR[LPDO \ PHGLR \ IOXMRV OHQWRV HQ WRGD OD FLUFXODFLyQFRURQDULD (OFDVRVHSUHVHQWyHQMXQWD0pGLFR4XLU~UJLFDGH &DUGLRORJtD\VHFRQFOX\yTXHVHGHEtDFRQWLQXDUFRQ PDQHMRPpGLFR\FRQWUROHVWULFWRGHIDFWRUHVGHULHVJR FDUGLRYDVFXODUHV\TXHHQHVHPRPHQWRQRHUDFDQGLGD WRSDUDPDQHMRTXLU~UJLFR6HRUGHQDURQFDPELRVGH HVWLORGHYLGD\WUDWDPLHQWRIDUPDFROyJLFRFRQGLOWLD]HP PJ327,'iFLGRDFHWLOVDOLFtOLFRPJ324,'\ H]HWLPLEHVLPYDVWDWLQDPJ32430(OSDFLHQ WH FRQWLQXy DVLQWRPiWLFR SHUR VLQ DGKHUHQFLD D ODV UHFRPHQGDFLRQHVLQGLFDGDV (QVHSWLHPEUHGHSRUGHFLVLyQSURSLDVXVSHQGLy HO WUDWDPLHQWR LQVWDXUDGR OXHJR GH OR FXDO GHVDUUROOy SURJUHVLYDPHQWHRUWRSQHD\DQJLQDFRQSDWUyQHVWDEOH KDVWDHOGHHQHURGHFXDQGRDOFRQWURODUORHQ FRQVXOWDH[WHUQDGH&DUGLRORJtDVHHYLGHQFLyGHWHULRURGH ORVVtQWRPDVGHDSUR[LPDGDPHQWHFXDWURGtDVGHHYROX FLyQFRQGRORUWRUiFLFRSUHFRUGLDORSUHVLYRVLQLUUDGLD FLyQQLGLVDXWRQRPtDVLQWHQVLGDGFRQVWDQWHGXUD FLyQPtQLPDGHYHLQWHPLQXWRV\Pi[LPDGHWUHVKRUDVVH SUHVHQWDEDDGLIHUHQWHVKRUDVGHOGtDRFXUUtDHQUHSRVR DOWHUDEDHOVXHxRRHUDGHVHQFDGHQDGRSRUHVWUpVHPR FLRQDOSRUORTXHVHUHPLWLyDOVHUYLFLRGHXUJHQFLDV $VXLQJUHVRDXUJHQFLDVVHHQFRQWUySDFLHQWHFRQ7$ )&)57DFHSWDEOHHVWDGRJHQHUDO FRQGRORUWRUiFLFRGHODVFDUDFWHUtVWLFDVDQWHVGHVFULWDV
132
$QHXULVPDGHWURQFRSULQFLSDOGHDUWHULDFRURQDULD 5RGUtJXH]\FROV
9RO1R ,661
Figura 2. $UWHULRJUDItDSRUFDWHWHULVPRFDUGLDFRDEU &RURQDULDL]TXLHUGDWURQFRSULQFLSDOGLODWDGRFRQDQHXULVPDGHPPHQWHUFLR GLVWDOTXHFRPSURPHWHHORULJHQGHVXVUDPDV'HVFHQGHQWHDQWHULRUFRQHFWDVLDHQWHUFLRVSUR[LPDO\PHGLR&LUFXQIOHMDFRQHFWDVLDHQWHUFLR SUR[LPDO 5DPXV LQWHUPHGLR FRQ HFWDVLD HQ WHUFLRV SUR[LPDO \ PHGLR&RURQDULDGHUHFKD HFWDVLD HQ WHUFLRV SUR[LPDO \ PHGLR )OXMRV OHQWRV
LQWHQVLGDGVLQGLILFXOWDGUHVSLUDWRULDQLDOWHUDFLRQHV GHODDXVFXOWDFLyQFDUGLRSXOPRQDUVLQRWUDVDQRPDOtDV DOH[DPHQItVLFR
FXLGDGR LQWHUPHGLR PpGLFR &RQ HO WUDWDPLHQWR LQVWDXUDGRHOSDFLHQWHPHMRUyVXVLQWRPDWRORJtD\IXH WUDVODGDGRDSLVRVGHKRVSLWDOL]DFLyQ
6H UHDOL]y HOHFWURFDUGLRJUDPD HQ HO TXH QR VH $XQTXHHOGHWHULRURGHORVVtQWRPDVFRLQFLGtDFRQOD HYLGHQFLDURQDOWHUDFLRQHVTXHVXJLULHUDQLVTXHPLDPLR VXVSHQVLyQGHOWUDWDPLHQWRVHGHFLGLyUHDOL]DUSHUIXVLyQ FiUGLFD DJXGD )LJXUD \ WURSRQLQD , QHJDWLYD DO PLRFiUGLFDFRQGLSLUDGDPROLVRQLWULORV)LJXUD ODFXDO LQJUHVR \ D ODV VHLV KRUDV OD UDGLRJUDItDGHWyUD[QRPRVWUy DQRPDOtDV)LJXUD 6HGLDJ QRVWLFy QXHYDPHQWH VtQGURPH FRURQDULRDJXGRSHURHVWDYH] WHQLHQGRHQFXHQWDODRFXUUHQ FLDGHODVLQWRPDWRORJtDHQUH SRVR\VHUHFODVLILFyODDQJLQD LQHVWDEOHDWLSR,,,%HQODFODVL ILFDFLyQGH%UDXQZDOG6HLQL FLy PDQHMR DQWLLVTXpPLFR HQR[DSDULQD PJNJ VXEFX WiQHDFDGDGRFHKRUDViFLGR DFHWLOVDOLFtOLFRFORSLGRJUHO QL WURJOLFHULQD PHWRSURORO GLOWLD]HP \ VLPYDVWDWLQD \ VH KRVSLWDOL]y HQ OD XQLGDG GH Figura 3. (OHFWURFDUGLRJUDPDGHGHULYDFLRQHVULWPRVLQXVDO)&HMHHOpFWULFR6LQRWUDV SDUWLFXODULGDGHV
5HYLVWD&RORPELDQDGH&DUGLRORJtD 0D\R-XQLR
9RO1R ,661
133
IXHSRVLWLYDSDUDLQVXILFLHQFLDFRURQDULDHQFRQWUDQGRHQ ODVLPiJHQHVFRQHVWUpVIDUPDFROyJLFRGHIHFWRPRGHUD GRGHODFRQFHQWUDFLyQGHOWUD]DGRUFRQFRPSURPLVRGH ODUHJLyQDQWHURVHSWDOHQVXWHUFLRDSLFDO\RWURGHIHFWR GHORFDOL]DFLyQLQIHULRULJXDOPHQWHDSLFDO/DVDOWHUDFLR QHVGHVFULWDVVHUHYHUWtDQFRPSOHWDPHQWHHQUHSRVR\ FXDQWLWDWLYDPHQWH VH UHSUHVHQWDEDQ FRQ XQ tQGLFH GH VHYHULGDGGHPRGHUDGR SDUDXQDH[WHQVLyQWRWDOGHO GHIHFWRUHYHUVLEOHGHGHOYHQWUtFXORL]TXLHUGR9ROX PHQGHILQGHGLiVWROHP/YROXPHQGHILQGHVtVWROH P/\IUDFFLyQGHH\HFFLyQSRVWHVWUpV
Figura 4.5DGLRJUDItDGHWyUD[SRUWiWLO 6LQFRQVROLGDFLRQHVSXOPR QDUHV ,PDJHQ FDUGLRDyUWLFD H KLOLRV SXOPRQDUHV QRUPDOHV
&RQHOUHVXOWDGRSRVLWLYRGHODSHUIXVLyQPLRFiUGLFD FRQLVRQLWULORVGLSLULGDPROVHSURFHGLyDHIHFWXDUQXHYD DUWHULRJUDItDFRURQDULDSRUFDWHWHULVPR)LJXUD HQOD TXHVHREVHUYyTXHHODQHXULVPDKDEtDLQFUHPHQWDGRGH
Figura 5.3HUIXVLyQPLRFiUGLFDFRQLVRQLWULORVGLSLULGDPROHQH 3UXHEDSRVLWLYDFRQGHIHFWRPRGHUDGRGHODFDSWDFLyQGHOWUD]DGRUFRPSURPLVRGH ODUHJLyQDQWHURVHSWDOHQVXWHUFLRDSLFDO\RWURGHIHFWRGHORFDOL]DFLyQLQIHULRUODWHUDOLJXDOPHQWHDSLFDO/DVIOHFKDVDPDULOODVHQD\EGHPXHVWUDQHOGHIHFWR ~QLFDPHQWHHQHVWUpV1RVHSUHVHQWDQGHIHFWRVHQUHSRVR(Q&HQODSULPHUDLPDJHQGHODL]TXLHUGDHVWUpV VHREVHUYDQORVGHIHFWRVGHFDSWDFLyQHQQHJUR ORVFXDOHVQRHVWiQSUHVHQWHVHQUHSRVRLPDJHQFHQWUDO \HOJUDGRGHUHYHUVLELOLGDGHQODLPDJHQGHODGHUHFKDOtQHDVFRQWUDPDHQORVGHIHFWRVHQQHJUR
$QHXULVPDGHWURQFRSULQFLSDOGHDUWHULDFRURQDULD 5RGUtJXH]\FROV
134
9RO1R ,661
Figura 6. $UWHULRJUDItDFRURQDULDSRUFDWHWHULVPRHQH ,QFUHPHQWRHQHOWDPDxRGHODQHXULVPDGHWURQFRSULQFLSDOGHFRURQDULDL]TXLHUGD [PP FRQFRPSURPLVRGHORVWHUFLRVSUR[LPDOHVGHODGHVFHQGHQWHDQWHULRU\FLUFXQIOHMD(FWDVLDGLIXVD)OXMRVOHQWRV
WDPDxR[PPFRQFRPSURPLVRGHORULJHQWHUFLR SUR[LPDO GHODGHVFHQGHQWHDQWHULRU\FLUFXQIOHMDGLDJR QDO DOWD GH JUDQ FDOLEUH HFWDVLD GLIXVD GH ORV YDVRV SULQFLSDOHV\IOXMRVOHQWRV 6HSUHVHQWyQXHYDPHQWHHOFDVRHQODMXQWDGHGHFL VLRQHV0pGLFR4XLU~UJLFDVGH&DUGLRORJtDFRQODFRQ FOXVLyQGHTXHVHUHTXHUtDXQSURFHGLPLHQWRTXLU~UJLFR WHQLHQGRHQFXHQWDHOFUHFLPLHQWRGHOWDPDxRGHODQHX ULVPD SHUR HO SDFLHQWH VH QHJy D FXDOTXLHU WLSR GH SURFHGLPLHQWRLQYDVLYR\VROLFLWyDOWDYROXQWDULD6HGLR VDOLGDFRQHOHVTXHPDIDUPDFROyJLFRSUHYLDPHQWHSUR SXHVWR DGLFLRQDQGR FORSLGRJUHO PJ 32 4,' 6H LQVLVWLyHQUHFRPHQGDFLRQHVJHQHUDOHVHVWLORVGHYLGD VDOXGDEOHVDGKHUHQFLDDOWUDWDPLHQWR\PRGLILFDFLyQGH IDFWRUHVGHULHVJRSUHYHQLEOHV6HFLWyDFRQWURODPEXOD WRULRSRUFRQVXOWDH[WHUQDFRQFDUGLRORJtDFRQDQJLR 7$&GHYDVRVFRURQDULRVFRQUHFRQVWUXFFLyQ'SDUD YDORUDUGHIRUPDPiVREMHWLYDHOWDPDxR\ODVFDUDFWH UtVWLFDVGHODQHXULVPD)LJXUDV\
$VLVWLyDFRQWUROFRQ&DUGLRORJtDFRQUHVXOWDGRGH DQJLR7$& GH FRURQDULDV FRQ UHFRQVWUXFFLyQ WULGLPHQVLRQDOHQHOFXDOVHHYLGHQFLy 'LODWDFLyQ DQHXULVPiWLFD GHO VHQR GH YDOVDOYD L]TXLHUGR[PP 'LODWDFLyQDQHXULVPiWLFDGHOWURQFRSULQFLSDOGHOD FRURQDULDL]TXLHUGDFRQGLiPHWURWUDQVYHUVRGHPP 'LODWDFLyQGHGHVFHQGHQWHDQWHULRUGHVGHVXRUL JHQGRQGHDOFDQ]yXQGLiPHWURPD\RUGHPPHQVX VHJPHQWRGLVWDOHOGLiPHWURHVGHPP 0RGHUDGDGLODWDFLyQGHFLUFXQIOHMDGHVGHVXRUL JHQDOFDQ]DQGRXQGLiPHWURWUDQVYHUVRGHPPDHVH QLYHO\GLVWDOPHQWHXQGLiPHWURGHPP
(FWDVLDGLIXVDGHORVYDVRVSULQFLSDOHV
3HTXHxDSODFDH[FpQWULFDDWHURPDWRVDFDOFLILFDGD HQ HO WHUFLR SUR[LPDO GH OD GHVFHQGHQWH DQWHULRU VLQ SURGXFLUREVWUXFFLRQHVVLJQLILFDWLYDVDOIOXMRVDQJXtQHR
5HYLVWD&RORPELDQDGH&DUGLRORJtD 0D\R-XQLR
9RO1R ,661
135
VLDFRURQDULDVHFRQRFHFRPRODGLODWDFLyQGLIXVDGH XQ YDVR DUWHULDO FRURQDULR TXH FRPSURPHWH FRPR PtQLPR GH OD ORQJLWXG WRWDO GHO PLVPR (Q 0RUJDJQL UHSRUWyHOSULPHUFDVRGHDQHXULV PDFRURQDULRPiVWDUGHHQ0XQNHU\FRODER UDGRUHVUHSRUWDURQHOSULPHUFDVRPHGLDQWHDQJLRJUDItD FRURQDULD
(SLGHPLRORJtD\WRSRJUDItD
Figura 7.$QJLR7$&GHFRURQDULDVFRQUHFRQVWUXFFLyQ'IHE 9LVWDVXSHULRU6HREVHUYDGLODWDFLyQDQHXULVPiWLFDIOHFKDV GHOVHQRGH 9DOVDOYDL]TXLHUGR\GHOWURQFRSULQFLSDOGHODDUWHULDFRURQDULDL]TXLHUGD IOHFKDV \GHORULJHQGHODDUWHULDFRURQDULDGHUHFKDDGHPiVHFWDVLD GLIXVDGHORVYDVRVSULQFLSDOHV$2DRUWD&'$FRURQDULDGHUHFKD '$$GHVFHQGHQWHDQWHULRU5,UDPXVLQWHUPHGLR&;$FLUFXQIOHMD
8QD VHPDQD GHVSXpV GH OD DQJLRJUDItD FRURQDULD SRU7$&'HOSDFLHQWHDVLVWLyDFRQWUROSRUFRQVXOWD H[WHUQDGH&DUGLRORJtDDVLQWRPiWLFRWRPDQGRHQIRU PDDGHFXDGDHOWUDWDPLHQWRRUGHQDGR\VLQYROXQWDGGH VHUVRPHWLGRDSURFHGLPLHQWRVLQYDVLYRV
0DUFRWHyULFR 'HILQLFLyQ
/DLQFLGHQFLDGHDQHXULVPDDUWHULDOFRURQDULRYDUtD HQWUH\\HVPiVIUHFXHQWHHQKRPEUHVTXHHQ PXMHUHV/DLQFLGHQFLDSXHGHYDULDUHQWUHGLVWLQWDVSREOD FLRQHVHVDVtFRPRXQHVWXGLRUHDOL]DGRHQ,QGLDUHSRUWD WDOYH]ODPiVDOWDLQFLGHQFLDGH\VXJLULHQGR ODSDUWLFLSDFLyQGHIDFWRUHVDPELHQWDOHVRJHQpWLFRV (VPiVIUHFXHQWHHOFRPSURPLVRGHODFRURQDULDGHUHFKD VHJXLGDSRUODGHVFHQGHQWHDQWHULRURODFLUFXQIOHMD\VRQ UDURVORVFRPSURPLVRVGHOWURQFRSULQFLSDOGHODFRURQDULD L]TXLHUGDRHOGHWUHVYDVRV7DEOD
&DXVDV (O GH ORV DQHXULVPDV DUWHULDOHV FRURQDULRV VH SURGXFHSRUDUWHULRVFOHURVLVVLHQGRpVWDODFDXVDPiV IUHFXHQWH (Q VX RUGHQ FRQWLQ~DQ OD HQIHUPHGDG GH .DZDVDNL\ORVDQHXULVPDVFRQJpQLWRV 2WUR WLSR GH FDXVDV VRQ ORV WUDVWRUQRV LQIODPDWRULRV ODV HQIHUPHGDGHVGHOWHMLGRFRQHFWLYRODVHQIHUPHGDGHV LQIHFFLRVDV ORV FDVRV UHODFLRQDGRV FRQ IiUPDFRV R Wy[LFRVODVWUDXPiWLFDVODVPHWiVWDVLVWXPRUDOHVODV HQGRFULQROyJLFDV\ODVTXHRFXUUHQOXHJRGHDQJLRSODVWLD FRURQDULD([LVWHXQDLQFLGHQFLDGHGHIRUPDFLyQ GHDQHXULVPDFRURQDULRHQORVFRQVXPLGRUHVGHFRFDt QD/DVFDXVDVGHDQHXULVPDDUWHULDOFRURQDULRVHFLWDQ HQODWDEOD
(ODQHXULVPDDUWHULDOFRURQDULRVHGHILQHFRPROD GLODWDFLyQVHJPHQWDULDTXHH[FHGHHQPiVRLJXDO YHFHV HOGLiPHWURGHORVVHJPHQWRVLQPHGLD WDPHQWHDG\DFHQWHVGHOYDVRR HOGLiPHWURPD\RUGHOYDVRFRP SURPHWLGR8QDQHXULVPDDUWHULDO YHUGDGHUR SXHGH VHU IXVLIRUPH FXDQGRFRPSURPHWHODFLUFXQIH UHQFLDWRWDOGHOYDVRRVDFXODU HQFX\RFDVRWDQVyORFRPSOLFD XQDSRUFLyQGHODFLUFXQIHUHQFLD ORVSULPHURVVRQPiVIUHFXHQWHV TXHORVVHJXQGRV8QIDOVRDQHX ULVPDRSVHXGRDQHXULVPDVHGH ILQHFRPRODUXSWXUDGHODSDUHG 8. $QJLR7$& GH FRUD]yQ D 9LVWD DQJLRJUiILFD FXUYD $QHXULVPD GH VHQR GH 9DOVDOYD GHXQYDVRDUWHULDOFRQWHQLGRSRU Figura L]TXLHUGRIOHFKDVEODQFDV DQHXULVPDGHWURQFRSULQFLSDOGHFRURQDULDL]TXLHUGDIOHFKDQHJUD E OD W~QLFD DGYHQWLFLD R SRU XQ 5HFRQVWUXFFLyQPXOWLSODQDU9LVWDDQJLRJUiILFDUHFWD'LiPHWURWUDQVYHUVRPD\RUGHODQHXULVPDGH FRiJXOR $VXYH]ODHFWD ODFRURQDULDL]TXLHUGDPP
$QHXULVPDGHWURQFRSULQFLSDOGHDUWHULDFRURQDULD 5RGUtJXH]\FROV
136
9RO1R ,661
Tabla 1. ANEURISMA ARTERIAL CORONARIO, INCIDENCIA Y SITIO ANATÓMICO Autores
No. Ptes.
&$66
No. y % de ptes. con aneurisma
RCA
LM
Arteria comprometida LAD
LCX
7XQLFNHWDO
+DUWQHOOHWDO
0DUNLVHWDO
15
15
15
15
$LQWDEOLDQ HW DO
2OLYHURVHWDO
%HUNRIIHWDO
%HIHOHUHWDO
5DWKHWDO
6ZDQWRQHWDO
)DOVHWWLHWDO 'DXRGHWDO 7RWDO
$EUHYLDWXUDV5&$ULJKWFRURQDU\DUWHU\/0OHIWPDLQFRURQDU\DUWHU\/$'OHIWDQWHULRUGHVFHQGLQJDUWHU\/&;OHIWFLUFXPIOH[15QRWUHSRUWHG
Tabla 2. ETIOLOGÍA DEL ANEURISMA ARTERIAL CORONARIO. Arteriosclerosis Congénita Trastornos inflamatorios (QIHUPHGDGGH.DZDVDNLDUWHULWLVGH7DND\DVX/(6$5JUDQXORPDWRVLV :HJHQHU DUWHULWLV GH FpOXODV JLJDQWHV VtQGURPH GH &KXUJ6WUDXVV SROLDQJLWLV PLFURVFySLFD VtQGURPH GH DQWLFXHUSR DQWLIRVIROtSLGR HQIHUPHGDGGH%HKFHWVDUFRLGRVLVSROLDUWHULWLVQRGRVDVtQGURPHGH &UHVW HVSRQGLOLWLV DQTXLORVDQWH HVFOHURGHUPLD VtQGURPH GH 5HLWHU DUWULWLV SVRULiVLFD HQIHUPHGDG LQIODPDWRULD LQWHVWLQDO Enfermedades del tejido conectivo 6tQGURPH GH 0DUIDQ VtQGURPH GH (KOHUV'DQORV VtQGURPH GH /RH\V'LHW] GLVSODVLD ILEURPXVFXODU HQIHUPHGDG UHQDO SROLTXtVWLFD Infecciosas %DFWHULDVPLFREDFWHULDVKRQJRVVtILOLVHQIHUPHGDGGH/\PHHPEROLD VpSWLFD DQHXULVPD PLFyWLFR 9,+ Relacionadas con tóxicos o fármacos &RFDtQD DQIHWDPLQDV LQKLELGRUHV GH SURWHDVD H[SRVLFLyQ FUyQLFD D KHUELFLGDV R QLWULWRV IDEULFDFLyQ PXQLFLRQHV Trauma Complicación de angioplastia /iVHU EDOyQ DWHUHFWRPtD &RORFDFLyQ GH VWHQWV Metástasis Endocrinológicas +LSHUDOGRVWHURQLVPR SULPDULR
+LVWRSDWRORJtD 7RGRVORVDQHXULVPDVFRURQDULRVWLHQHQGHVWUXFFLyQ GHODW~QLFDPHGLDODFXDOHVGHOJDGDHQRFDVLRQHV WDQWRTXHQRVHORJUDYLVXDOL]DUHQWUHODVW~QLFDVtQWLPD\ DGYHQWLFLD/DVFpOXODVPXVFXODUHVOLVDV\ODVILEUDVHOiV WLFDVVRQUHHPSOD]DGDVSRUWHMLGRFRQHFWLYRKLDOLQL]DGR $YHFHVH[LVWHGHVWUXFFLyQGHODOiPLQDHOiVWLFDLQWHUQD SRUORTXHHVGLItFLOHVWDEOHFHUHOOtPLWHHQWUHODVFDSDV tQWLPDDWHURVFOHUyWLFD \PHGLD(QODSDUHGDQHXULVPiWLFD VHREVHUYDQGHSyVLWRVOLStGLFRV\GHFROHVWHUROFpOXODV HVSXPRVDVGHWULWXVHRVLQRItOLFRVFDOFLILFDFLRQHVQHRYDV FXODUL]DFLyQUHDFFLyQLQIODPDWRULD\HQDOJXQRVFDVRV KHPRUUDJLDTXHSXHGHQSUHVHQWDUVHHQODW~QLFDtQWLPD \HQODPHGLDRHQDPEDV/DUHDFFLyQLQIODPDWRULDHVWi FRPSXHVWD SRU OLQIRFLWRV PDFUyIDJRV QHXWUyILORV HRVLQyILORV FpOXODV JLJDQWHV \ FpOXODV SODVPiWLFDV (O FRPSURPLVRSXHGHHVWDUOLPLWDGRDXQDRGRVFDSDVGHO YDVRRLQFOXVRVHUWUDQVPXUDO
)LVLRSDWRORJtD /D ILVLRSDWRORJtD GH OD IRUPDFLyQ GHO DQHXULVPD FRURQDULR HV VLPLODU D OD LPSOLFDGD HQ OD JpQHVLV GH DTXHOORVTXHFRPSURPHWHQORVJUDQGHVYDVRVFRQGHV WUXFFLyQGHODFDSDPHGLDHLQFUHPHQWRGHOHVWUpVGHOD SDUHGYDVFXODU\GLODWDFLyQSURJUHVLYDGHOGLiPHWURGHO YDVR 'DRXG\FRODERUDGRUHVHQVXVHULHGH FDVRV UHVDOWDED FRPR PHFDQLVPR UHTXHULGR SDUD OD
5HYLVWD&RORPELDQDGH&DUGLRORJtD 0D\R-XQLR
IRUPDFLyQGHXQDQHXULVPDHQXQDDUWHULDFRURQDULDOD H[LVWHQFLD GH XQ VHJPHQWR HVWHQyWLFR HQ HO YDVR GH IRUPD WDO TXH HO IOXMR VDQJXtQHR OXHJR GH DWUDYHVDU GLFKRSXQWRHVWUHFKRJHQHUHWXUEXOHQFLDVDQJXtQHD\ SHUPLWDODWUDQVIRUPDFLyQGHODHQHUJtDFLQpWLFDDHQHU JtDSRWHQFLDOFRQLQFUHPHQWRGHODSUHVLyQODWHUDOFRQ PD\RUHVWUpVHQODSDUHGKR\VHVDEHTXHQRVHUHTXLHUH QHFHVDULDPHQWHODSUHVHQFLDGHXQDHVWHQRVLVGHOYDVR SDUDODIRUPDFLyQGHXQDQHXULVPD 9DULRVDXWRUHV KDQLQWHQWDGRH[SOLFDUODILVLRSDWRORJtDGHODIRUPDFLyQ GH ORV DQHXULVPDV FRURQDULRV \ DXQTXH FRQ GHWDOOHV GLVWLQWRVWRGRVEDVDQVXVWHRUtDVHQODFDXVDPiVIUH FXHQWHGHODSURGXFFLyQGHpVWRVODDWHURVFOHURVLV3RU HMHPSOR%HUNRII\5RZHDVtFRPR%HIHOHU\FRODERUDGR UHVSRVWXODURQODWHRUtDGHTXHGHEHH[LVWLUXQDFDSD PHGLDDOWHUDGD\GHOJDGDHQHOYDVRTXHVHHQFXHQWUH DG\DFHQWHDXQDSODFDDWHURVFOHUyWLFDHQODtQWLPDSRU HVWUpV ItVLFR GLFKD SODFD HV SURSHQVD D URPSHUVH \ FRQVWLWXLUHOVLWLRGHODIRUPDFLyQGHODQHXULVPD $ VX YH] 0DUNLV \ FRODERUDGRUHV VXJLULHURQ TXH HV QHFHVDULRTXHH[LVWDXQDSDUHGYDVFXODUTXHWHQJDXQD PHQRUUHVLVWHQFLDDOHVWUpVItVLFRGHELGRDDQRPDOtDVHQ ODFDSDPHGLDGHOYDVR 2WUDWHRUtDHVODTXHVH UHODFLRQD FRQ HO SDSHO GHO y[LGR QtWULFR 12 HQ OD IRUPDFLyQ GH DQHXULVPDV HVWD VXVWDQFLD LQGXFH YDVRGLODWDFLyQSRUUHODMDFLyQGHOP~VFXOROLVRDWUDYpVGH OD YtD GH OD JXDQLODWR FLFODVD /D VREUHHVWLPXODFLyQ FUyQLFDGHODSDUHGGHOYDVRVDQJXtQHRSRUHO12SXHGH OOHYDU D OD IRUPDFLyQ GH DQHXULVPDV 'RV HMHPSORV OODPDWLYRVSDUDUHVDOWDUHVWDWHRUtDVRQODPD\RULQFLGHQ FLDGHDQHXULVPDFRURQDULRHQODVSHUVRQDVFRQHPSOHRV UHODFLRQDGRVFRQODSURGXFFLyQGHPXQLFLRQHVTXLHQHV VHHQFXHQWUDQH[SXHVWDVDQLWULWRV\DTXHOORVFRQH[SR VLFLyQ FUyQLFD D KHUELFLGDV TXLHQHV WLHQHQ PD\RUHV FRQFHQWUDFLRQHVGH12GHELGRDODHVWLPXODFLyQGHOD SURGXFFLyQGHHVWDVXVWDQFLDSRUQLYHOHVLQFUHPHQWDGRV GHDFHWLOFROLQDHQVXRUJDQLVPR 6LELHQHQOD IRUPDFLyQGHORVDQHXULVPDVDyUWLFRVVHKDQGHPRVWUDGR PD\RUHVFRQFHQWUDFLRQHVGHPHWDORSURWHLQDVDVGHPD WUL]PHWDOORSURWHLQDVH003 FDSDFHVGHGHJUDGDUWR GRVORVFRPSRQHQWHVGHODPDWUL]LQWHUVWLFLDOGHODSDUHG DUWHULDOHQWUHHOODVPDWUL[PHWDOORSURWHLQDVH003 FRODJHQDVD,QWHUVWLFLDO 003JHODWLQDVD$ 003 VWURPHOHV\Q 003 JHODWLQDVD% 003 PHWDORHODVWDVDGHPDFUyIDJRV DVRFLDGRFRQXQGpILFLW GHORVIDFWRUHVLQKLELGRUHVGHODV003HQODSDWRJpQHVLV GHODIRUPDFLyQGHORVDQHXULVPDVFRURQDULRVVyORVHKD ORJUDGRHVWDEOHFHUUHODFLyQFRQHODOHORPXWDQWH$GH ODPHWDORSURWHLQDVDVWURPHOHV\Q HOFXDOVHUHODFLR QD FRQ XQD DFWLYLGDG SURPRWRUD LQFUHPHQWDGD TXH HVWLPXODODWUDQVFULSFLyQGHOJHQ\SRUHQGHODPD\RU
9RO1R ,661
137
IRUPDFLyQGHODPHWDORSURWHLQDVDFRQPD\RUGHJUDGD FLyQWLVXODU (OSROLPRUILVPRTXHDIHFWDDOJHQGHOD LQRVLWRO WULIRVIDWR FLQDVD & VH UHODFLRQD FRQ PD\RU SUHGLVSRVLFLyQ D SDGHFHU OD HQIHUPHGDG GH .DZDVDNL\ODIRUPDFLyQGHDQHXULVPDVFRURQDULRV(VWD PROpFXOD DFW~D FRPR XQ UHJXODGRU QHJDWLYR GH OD DFWLYDFLyQGHORVOLQIRFLWRV7SRUORWDQWRHQFDVRGH SROLPRUILVPRH[LVWHXQDKtSHUUHDFWLYLGDGLQPXQHTXHVH KDUHODFLRQDGRFRQODIRUPDFLyQGHORVDQHXULVPDV (QODHQIHUPHGDGGH.DZDVDNLH[LVWHQPD\RUHVFRQFHQ WUDFLRQHV GH 003 \ GH 003 /DV YDVFXOLWLV SXHGHQ OOHYDU D OD IRUPDFLyQ GH DQHXULVPDV VLQ TXH QHFHVDULDPHQWHH[LVWDDUWHULRVFOHURVLVSUHPLVDTXHVH H[SRQHHQODHQIHUPHGDGGH.DZDVDNL\HQODSROLDUWHULWLV QRGRVDHQODFXDOGHORVDIHFWDGRVSXHGHGHVDUURODU DQHXULVPDVFRURQDULRVOXSXVHULWHPDWRVRVLVWpPLFR\ DUWHULWLVGH7DND\DVX/DDUWHULWLVGHFpOXODVJLJDQWHVQRVH KDDVRFLDGRFRQODIRUPDFLyQGHDQHXULVPDVFRURQDULRV pVWD HV XQD HQIHUPHGDG TXH DIHFWD SULQFLSDOPHQWH D SHUVRQDVGHHGDGDYDQ]DGD\FRQPD\RUIUHFXHQFLDD PXMHUHV GH UD]D EODQFD 'LFKRV SDFLHQWHV HQ JHQHUDO WLHQHQFRPSURPLVRDUWHULRVFOHUyWLFRFRURQDULRSRUVXV FDUDFWHUtVWLFDVHWiUHDVSRUORFXDOHOKHFKRGHTXHFXUVHQ FRQXQDQHXULVPDFRURQDULRGHELGRDDWHURVFOHURVLVSXHGH PDOLQWHUSUHWDUVHFRPRGHELGRDODDUWHULWLVHQVt /RV DQHXULVPDVFRURQDULRVSXHGHQIRUPDUVHOXHJRGHSURFH GLPLHQWRVGHDQJLRSODVWLDFRQEDOyQRFRQODLQVWDODFLyQ GH VWHQWV GHELGR DO WUDXPD PHFiQLFR TXH LPSOLFDQ $OJXQRVDXWRUHVGHILHQGHQODWHRUtDGHTXHORVVWHQWV PHGLFDGRV WLHQHQ PD\RU ULHVJR GH IRUPDFLyQ GH DQHXULVPDV FRURQDULRV HQ FRPSDUDFLyQ FRQ ORV QR PHGLFDGRVVREUHODEDVHGHTXHVHSXHGHSURGXFLUXQD YDVFXOLWLVGHKLSHUVHQVLELOLGDGODFXDOVHPDQLILHVWDGHV GHHOSXQWRGHYLVWDKLVWRSDWROyJLFRFRPRXQLQILOWUDGR HRVLQyILOR GHELGDDORVSROtPHURVHQORVTXHVHHQFXHQ WUDQGLVXHOWRVORVIiUPDFRVTXHGLFKRVGLVSRVLWLYRVOLEH UDQ9DOHDFODUDUTXHORVIiUPDFRVTXHVHOLEHUDQDSDUWLU GHOVWHQWFRPRVLUROLPXVRSDFOLWD[HOLQKLEHQODLQIODPD FLyQ\HOVHJXQGRDGHPiVSRUVHUTXLPLRWHUiSLFRLQKLEH ODSUROLIHUDFLyQFHOXODU(VWHWLSRGHDQHXULVPDVVHSUH VHQWDQJHQHUDOPHQWHOXHJRGHPHVHVRDxRVGHLQVWDODGR HOVWHQWGHELGRDTXHLQLFLDOPHQWHVHOLEHUDHOPHGLFD PHQWR\SRVWHULRUPHQWHORVSROtPHURV6WRQH\FRODERUD GRUHV HQ VX HVWXGLR PXOWLFpQWULFR FRQWURODGR DOHDWRUL]DGRGHPRVWUDURQTXHQRH[LVWHGLIHUHQFLDHVWD GtVWLFDPHQWHVLJQLILFDWLYDHQWUHHOGHVDUUROORGHDQHXULV PDFRURQDULROXHJRGHOLPSODQWHGHXQVWHQWPHGLFDGR OLEHUDGRU GH SDFOLWD[HO YV HO PHWiOLFR QR PHGLFDGR YVS /DVHQIHUPHGDGHVGHO WHMLGRFRQHFWLYRSXHGHQQRSUHFLVDUODSDUWLFLSDFLyQGHOD DWHURVFOHURVLV SDUD OD IRUPDFLyQ GH DQHXULVPDV
138
$QHXULVPDGHWURQFRSULQFLSDOGHDUWHULDFRURQDULD 5RGUtJXH]\FROV
FRURQDULRV9DULRVGHHVWRVWUDVWRUQRVVHDJUXSDQEDMRHO QRPEUH GH VtQGURPHV DQHXULVPiWLFRV FDXVDGRV SRU PXWDFLRQHVHQHOUHFHSWRUGHO7*)βWUDQVIRUPLQJJURZWK IDFWRUβ SURGXFLHQGRFRQFHQWUDFLRQHVLQFUHPHQWDGDV GH7*)βFRPRRFXUUHHQORVVtQGURPHVGH0DUIDQ /RH\V'LHW] \ (KOHUV'DQORV (O FRQVXPR GH FRFDtQDSURGXFHODIRUPDFLyQGHDQHXULVPDVFRURQDULRV HQWUHRWURVPHFDQLVPRVSRUHOLQFUHPHQWRGHODFRQFHQ WUDFLyQGH7*)βWUDQVIRUPLQJJURZWKIDFWRUβ
'LDJQyVWLFR 1R H[LVWHQ FDUDFWHUtVWLFDV FOtQLFDV GHILQLGDV TXH VH DVRFLHQFRQORVDQHXULVPDVDUWHULDOHVFRURQDULRVDXQTXH ODSUHVHQWDFLyQFOtQLFDXVXDOVHFDUDFWHUL]DSRUVtQWRPDV DQJLQRVRVRGHHYHQWRFRURQDULRDJXGRWHQLHQGRHQ FXHQWDTXHSXHGHKDEHUIRUPDFLyQGHWURPERVDOLQWHULRU GHO DQHXULVPD GH DQHXULVPDV HQ DXWRSVLD \ HPEROL]DFLyQGLVWDODVtFRPRYDVRHVSDPR\RUXSWXUD GH OD SDUHG GHELOLWDGD (Q RFDVLRQHV SXHGH DXVFXOWDUVHXQVRSORVLVWyOLFRDQLYHOPHVRFiUGLFRDXQ TXH=RQHUDLFKGHVFULELyXQFDVRGHDQHXULVPDFRURQDULR DVRFLDGR D VRSOR GLiVWROLFR (Q DOJXQRV FDVRV SXHGHDVRFLDUVHFRQKLSHUWHQVLyQDUWHULDO\DQHXULVPDV DyUWLFRV DEGRPLQDOHV /D SUHVHQFLD GH VtQWRPDV GH LVTXHPLDPLRFiUGLFDHQSDFLHQWHVMyYHQHV\FRQDQWHFH GHQWHVGHHQIHUPHGDGHVGHOWHMLGRFRQHFWLYRRYDVFXOLWLV SXHGHVXJHULUHOGLDJQyVWLFR 1RREVWDQWHHOGLDFWDPHQGHILQLWLYRGHODQHXULVPD DUWHULDO FRURQDULR VH KDFH PHGLDQWH LPiJHQHV GLDJQyVWLFDV(OHVWiQGDUGHRURFRQHOFXDOVHHYLGHQFLD OD SUHVHQFLD GH HVWDV DQRPDOtDV YDVFXODUHV HV OD DQJLRJUDItD FRURQDULD \D TXH VXPLQLVWUD LQIRUPDFLyQ DFHUFDGHOWDPDxRODIRUPDODWRSRJUDItD\HOQ~PHUR \DGHPiVGHWHUPLQDODSUHVHQFLDGHHVWHQRVLVDVRFLDGD $OJXQRVPpWRGRVVRQPHQRVLQYDVLYRVSHURWLHQHQPH QRUDJXGH]DSDUDGHWHFWDUODSUHVHQFLDGHDQHXULVPDV FRURQDULRVHQWUHHOORVODHFRFDUGLRJUDItDWUDQVWRUiFLFD ELGLPHQVLRQDO \ OD WUDQVHVRIiJLFD TXH VH XVDQ HQ HO HVWXGLRGHHVWHWLSRGHSDFLHQWHVVLELHQODVHJXQGDWLHQH PD\RUVHQVLELOLGDGTXHODSULPHUD&DSDQQHUL\FRODER UDGRUHVHQVXHVWXGLRGHVHWHQWDSDFLHQWHVFRQHQIHUPH GDGGH.DZDVDNLGHPRVWUDURQTXHODVHQVLELOLGDGGHOD HFRFDUGLRJUDItDWUDQVWRUiFLFDHVFHUFDQDDHQOD GHWHFFLyQGHDQHXULVPDVFRURQDULRVGHORVWURQFRVSULQ FLSDOHVVHOHFFLRQDQGRGHHVWDIRUPDORVSDFLHQWHVTXH LUtDQ D DUWHULRJUDItD FRURQDULD /RV DQHXULVPDV FRURQDULRVWDPELpQSXHGHQREVHUYDUVHHQHVWXGLRVGH WRPRJUDItD FRPSXWDUL]DGD \ UHVRQDQFLD PDJQpWLFD WRUiFLFRVDXQTXHODDQJLRJUDItDFRURQDULDFRQUHFRQV
9RO1R ,661
WUXFFLyQ'SRUHVFDQRJUDItDKDUHYROXFLRQDGRHOHVWX GLRGHHVWDSDWRORJtD $VtPLVPRVHXVDHOXOWUDVR QLGR LQWUDYDVFXODU FRQ OR FXDO VH ORJUD XQD PHMRU FDUDFWHUL]DFLyQ GHO DQHXULVPD \ PD\RU GLIHUHQFLDFLyQ HQWUHDQHXULVPDVYHUGDGHURV\IDOVRV
&RPSOLFDFLRQHV /DVTXHFRP~QPHQWHVHDVRFLDQFRQORVDQHXULVPDV DUWHULDOHVFRURQDULRVVRQODWURPERVLV\ODHPEROL]DFLyQ GLVWDOODVFXDOHVVHUHODFLRQDQFRQODSURGXFFLyQGHORV VtQWRPDVGHLVTXHPLDPLRFiUGLFD'DGRXG\FRODERUD GRUHVHQFRQWUDURQHQVXVHULHSRVWPRUWHPGHFDVRVXQD LQFLGHQFLDGHHVWDFRPSOLFDFLyQGH2WUDGHODV FRPSOLFDFLRQHVHVODUXSWXUDGHODQHXULVPDDXQTXHHQ ORVSULPHURVHVWXGLRVVHUHSRUWDEDQLQFLGHQFLDVGHUXSWX UD FHUFDQDV D GH ORV FDVRV (Q VHULHV PiV UHFLHQWHV\FRQPD\RUQ~PHURGHFDVRVVHKDGHPRVWUDGR TXHODLQFLGHQFLDGHHVWDFRPSOLFDFLyQHVPX\EDMDSRU HMHPSOR6ZD\H\FRODERUDGRUHVQRHQFRQWUDURQQLQJ~Q FDVRHQWUHSDFLHQWHV 3RU~OWLPRHOYDVRHVSDVPR HV RWUD FRPSOLFDFLyQ DVRFLDGD FRQ ORV DQHXULVPDV FRURQDULRVDXQTXHODW~QLFDPHGLDGHOYDVRVDQJXtQHR FRPSURPHWLGRHVWiDOWHUDGD\SRUWDQWRHQWHRUtDHV GLItFLO TXH RFXUUD XQD FRQWUDFFLyQ IXHUWH \ VRVWHQLGD QHFHVDULDSDUDSURGXFLUYDVRHVSDVPRQRREVWDQWHHQ UHSRUWHV GH FDVRV VH KDQ GHVFULWR SDFLHQWHV TXH KDQ WHQLGRYDVRHVSDVPRFRURQDULRDQLYHOGHODQHXULVPDR HQVLWLRVDG\DFHQWHVDOPLVPRGHRFXUUHQFLDHVSRQWiQHD HQXQRV\SRUHVWtPXORPHFiQLFROXHJRGHDQJLRSODVWLD RLQVHUFLyQGHVWHQWVHQRWURV6HFUHHTXHHOHVWtPXOR UHTXHULGRSDUDSURGXFLUYDVRHVSDVPRHVPiVPHFiQLFR TXHQHXURKXPRUDO
7UDWDPLHQWR /RV DVSHFWRV SDWRJpQLFRV TXH VH UHVDOWDURQ HQ HO DSDUWDGRDQWHULRUWLHQHQLPSOLFDFLRQHVWHUDSpXWLFDV$Vt HO7*)βSXHGHLQKLELUVHSRUORVEORTXHDGRUHVGHORV UHFHSWRUHVWLSRGHDQJLRWHQVLQD,,FRPRORVDUWiQHO FXDOSXHGHSUHYHQLUODIRUPDFLyQGHDQHXULVPDVDyUWLFRV HQ UDWRQHV PRGHOR FRQ VtQGURPH GH 0DUIDQ /D VHFUHFLyQ GH ODV 003 \ D SDUWLU GH ORV PDFUyIDJRV\ODVFpOXODVGHOP~VFXOROLVRYDVFXODUSXHGH LQKLELUVH FRQ HO XVR GH HVWDWLQDV LQKLELGRUHV GH OD KLGUR[LPHWLOJOXWDULOFRHQ]LPD$UHGXFWDVD FRPRVLPYDV WDWLQD ORYDVWDWLQD \ FHULYDVWDWLQD ODV FXDOHV SXHGHQ LQKLELUODGHVWUXFFLyQGHODW~QLFDPHGLD 'DGDOD DOWDIUHFXHQFLDGHWURPERVLVHQORVDQHXULVPDVDUWHULDOHV FRURQDULRVSXHGHUHTXHULUVHWUDWDPLHQWRDQWLSODTXHWDULR DVSLULQD R FORSLGRJUHO R DQWLFRDJXODQWH ZDUIDULQD SDUD HYLWDUOR 2WUD HVWUDWHJLD HV HO XVR GH
5HYLVWD&RORPELDQDGH&DUGLRORJtD 0D\R-XQLR
PHGLFDPHQWRVYDVRGLODWDGRUHVFRPRFDOFLRDQWDJRQLVWDV RQLWUDWRVHQORVUDURVFDVRVTXHFXUVHQFRQYDVRHVSDVPR /DLPSODQWDFLyQGHVWHQWV\ODHPEROL]DFLyQGHODQHXULV PDKDQVLGRDOJXQDVGHODVHVWUDWHJLDVQRTXLU~UJLFDVHQ HOWUDWDPLHQWRGHHVWDSDWRORJtD 6HKDQREWH QLGRPHMRUHVUHVXOWDGRVFRQORVVWHQWVTXHWLHQHQPHP EUDQDGHSROLWHWUDIOXRURHWLOHQRWDPELpQFRQRFLGRVFRPR VWHQWJUDIWV \D TXH RFOX\HQ OD ERFD GH DSHUWXUD GHO DQHXULVPD \ GLVPLQX\HQ OD SUREDELOLGDG GH HPEROLD GLVWDO,QGHSHQGLHQWHGHOWLSRGHVWHQWXWLOL]DGRHOWLHPSR PtQLPRGHWHUDSLDDQWLSODTXHWDULDTXHGHEHDGPLQLV WUDUVHOXHJRGHVXLPSODQWDFLyQVRQVHLVPHVHV 6H UHFRPLHQGD WUDWDPLHQWR TXLU~UJLFR HQ DTXHOORV FDVRV TXHUHSUHVHQWDQULHVJRGHWURPERVLVRUXSWXUDHVSHFLDO PHQWHORVDQHXULVPDVVDFXODUHV $OJXQRVFLUXMD QRV FRQVLGHUDQ TXH HO WUDWDPLHQWR TXLU~UJLFR GH ORV DQHXULVPDVFRURQDULRVGHEHUHDOL]DUVHFXDQGRHOGLi PHWURGHpVWRVHVVXSHULRUDWUHVYHFHVHOGLiPHWURQRUPDO PD\RUGHOYDVReVWHFRQVLVWHHQODUHDOL]DFLyQGHE\SDVV FRURQDULRFRQOLJDGXUDRUHVHFFLyQGHODQHXULVPDVHKDQ REWHQLGRORVPHMRUHVUHVXOWDGRVFXDQGRHODQHXULVPDQR TXHGDLQFOXLGRHQODDQDVWRPRVLV 'HELGRDODEDMD LQFLGHQFLDGHHVWDSDWRORJtDQRH[LVWHQHVWXGLRVDGHFXD GRVFRQORVFXDOHVVHORJUHFRQFOXLUHOPHMRUWUDWDPLHQWR SDUD OD PLVPD /DV UHFRPHQGDFLRQHV H[LVWHQWHV HQ OD OLWHUDWXUDVHEDVDQHQH[SHULHQFLDVSHUVRQDOHVGHULYDGDV GHHVWXGLRVGHXQVRORSDFLHQWHRHQHOPHMRUGHORVFDVRV FRQPX\SRFRVLQGLYLGXRV
%LEOLRJUDIt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
9RO1R ,661
139
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·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·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
0DUNLV-(-RIIH&'&RKQ3)&OLQLFDOVLJQLILFDQFHRIFRURQDU\DUWHULDOHFWDVLD$P -&DUGLRO
.KDQ,$'RJDQ209DVDYDGD%&HWDO1RQDWKHURVFOHURWLFDQHXU\VPRIWKHOHIW FLUFXPIOH[FRURQDU\DUWHU\SUHVHQWLQJZLWKDFFHOHUDWHGDQJLQDSHFWRULVUHVSRQVHWR PHGLFDOPDQDJHPHQWDFDVHUHSRUW$QJLRORJ\
$LQWDEOLDQ$+DPE\5,+RIIPDQ,HWDO&RURQDU\HFWDVLDLQFLGHQFHDQGUHVXOWV RIFRURQDU\E\SDVVVXUJHU\$P+HDUW-
/LPD%9DUPD6./RZH-(1RQVXUJLFDOPDQDJHPHQWRIOHIWPDLQFRURQDU\DUWHU\ DQHXU\VPV7H[+HDUW,QVW-
140
$QHXULVPDGHWURQFRSULQFLSDOGHDUWHULDFRURQDULD 5RGUtJXH]\FROV
9RO1R ,661
6FKXVVOHU-0-RQHV:+9DOODEKDQ5&0DQDJHPHQWRIDVLQJOHFRURQDU\DUWHU\ DQHXU\VPE\XVHRIDVWHQW3URF%D\O8QLY0HG&HQW
=RQHUDLFK6=RQHUDLFK2*LDQWFRURQDU\DUWHU\DQHXU\VP7KHFDVHRIPLG GLDVWROLFPXUPXUDQGEXOJLQJRIWKHOHIWFDUGLDFERUGHU-$0$
.HUHLDNHV'-/RQJ'(,YH\7'&RLOHPEROL]DWLRQRIDFLUFXPIOH[FRURQDU\DQHXU\VP DWWKHWLPHRISHUFXWDQHRXVFRURQDU\VWHQWLQJ&DWKHW&DUGLRYDVF,QWHUYHQW
&DSSDQDUL7('DQLHOV650H\HU5$HWDO6HQVLWLYLW\VSHFLILFLW\DQGSUHGLFWLYHYDOXH RIWZRGLPHQVLRQDOHFKRFDUGLRJUDSK\LQGHWHFWLQJFRURQDU\DUWHU\DQHXU\VPVLQ SDWLHQWVZLWK.DZDVDNLGLVHDVH-$P&ROO&DUGLRO
$QWRQHOOLV,3DWVLOLDQDNRV63DPERXNDV&6HDOLQJRIFRURQDU\DUWHU\DQHXU\VP E\XVLQJDQHZVWHQWJUDIW&DWKHWHU&DUGLRYDVF,QWHUY
3XFLOOR$/6FKHFKWHU$*0RJJLR5$HWDO05LPDJLQJLQWKHGHILQLWLRQRIFRURQDU\ DUWHU\DQRPDOLHV-&RPSXW$VVLVW7RPRJU
$QDEWDZL,1GH/HRQ-$&RURQDU\HFWDVLDLQFLGHQFHDQGUHVXOWVRIFRURQDU\E\SDVV VXUJHU\$P+HDUW-
-XPER*H/LX).HDUQH\3HWDO,QWUDYDVFXODUXOWUDVRXQGDSSURDFKWRWKH GLDJQRVLVRIFRURQDU\DUWHU\DQHXU\VPV$P+HDUW-
(EHUW3$3HWHU5+*XQQHOV-&5HVHFWLQJDQGJUDIWLQJRIFRURQDU\DUWHU\DQHXU\VP &LUFXODWLRQ
6ZD\H36)LVKHU/'/LWZLQ3HWDO$QHXU\VPDOFRURQDU\DUWHU\GLVHDVH&LUFXODWLRQ
$OIRUG:-6WRQH\:6%XUUXV*7HWDO5HFRJQLWLRQDQGRSHUDWLYHPDQDJHPHQW RISDWLHQWVZLWKDUWHULRVFOHURWLFFRURQDU\DUWHU\DQHXU\VPV$QQ7KRUDF6XUJ
0DVHUL$3HVROD$0DU]LOOL0HWDO&RURQDU\YDVRVSDVPLQDQJLQDSHFWRULV/DQFHW
0DULVFDOFR * 0DQWRYDQL 9 )HUUDUHVH 6 HW DO &RURQDU\ DUWHU\ DQHXU\VP PDQDJHPHQWDQGDVVRFLDWLRQZLWKDEGRPLQDODRUWLFDQHXU\VP&DUGLRYDVF3DWKRO 'DRXG$3DQNLQ'7XLJDQ+HWDO$QHXU\VPVRIWKHFRURQDU\DUWHU\5HSRUWRI WHQFDVHVDQGUHYLHZRIOLWHUDWXUH$P-&DUGLRO
)UHHGPDQ6%5LFKPRQG'5.HOO\'7&OLQLFDOVWXGLHVRISDWLHQWVZLWKFRURQDU\ VSDVP$P-&DUGLRO$$ %RYH$$9OLHWVWUD5(6SDVPLQHFWDWLFFRURQDU\DUWHULHV0D\R&OLQ3URF *XWRZVNL77DQQHQEDXP$.0RUH\UD$(9DVRVSDVPLQDFRURQDU\DUWHU\ DQHXU\VP&DWKHW&DUGLRYDV'LDJQ