American BioMed Inc. receives European patent for its Heart Assist Pump.THE WOODLANDS, Texas--(BUSINESS WIRE)--June 21, 1996--American BioMed Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ABMI ABMI Autologous Bone Marrow Infusion ), of The Woodlands, Friday announced that it has been notified that its European Patent Application 90311063.3 for its Heart Assist Pump has been granted. The designated European countries are France, Germany, Italy and the United Kingdom. The company estimated the market potential at approximately $300 million per year. The Heart Assist Pump employs a unique, low-speed method of circulatory assistance via a battery-operated, hand-held approach which can provide emergency circulatory resuscitation resuscitation /re·sus·ci·ta·tion/ (-sus?i-ta´shun) restoration to life of one apparently dead. cardiopulmonary resuscitation assistance via direct cannulation can·nu·la·tion or can·nu·li·za·tion n. Insertion of a cannula. cannulation introduction of a cannula into a tubelike organ or body cavity. of the left ventricle. The device is intended as an inexpensive, single-use, disposable item replacing cardiac assist pumps which are now attached to the patient by open heart surgery. American BioMed Inc. utilizes state of the art technology to develop, manufacture and market minimally invasive medical, surgical and diagnostic devices which deliver unique advantages through advanced science. Over 25 patents cover its technologies competing in an industry with combined markets estimated at over $10-billion annually. The devices include but are not limited to the OmniCath(r) atherectomy catheter, as well as the company's nine patented FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approved unique all-silicone balloon catheters. These consist of thermodilution heart, thrombectomy thrombectomy /throm·bec·to·my/ (throm-bek´tah-me) surgical removal of a clot from a blood vessel. throm·bec·to·my n. Excision of a thrombus. , urinary bladder and angioscopy catheters. The OmniStent(tm) and accompanying stent technology is used to support diseased blood vessels. Other devices such as minimally invasive spinal instruments are also under development. CONTACT: Thomas E. Waite & Associates Inc. 407/324-1606/Fax 407/324-0664 |
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