Biophan CEO Discusses Biomedical Device Breakthroughs with Medical Design Technology Magazine Available Online; CEO Michael Weiner Interviewed with Other Medical Device Industry Leaders.ROCHESTER, N.Y. -- Biophan Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BIPH BIPH Bogomoletz Institute of Physiology (National Academy of Sciences; Ukraine) ; FWB (Fixed Wireless Broadband) See fixed wireless. : BTN BTN In currencies, this is the abbreviation for the Bhutan Ngultrum. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), a developer of next-generation medical technology, announced that CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Michael Weiner discussed the Company's proprietary solutions for the multi-billion-dollar medical device industry in an interview with industry magazine "Medical Design Technology." The full text of the interview, which includes comments from several leaders in the medical device industry, can be read online by visiting http://www.biophan.com/newsroom.php and clicking on the article, "Key Trends and Issues." In a special feature titled, "Key Trends and Issues," in the magazine's View from the Top article series, Mr. Weiner and other selected business and technology leaders offer insights about important trends and innovations in the medical device industry. They discussed recent advancements in the industry, the latest techniques in manufacturing, anticipated growth sectors, and technologies with the greatest growth potential in the next five years. Mr. Weiner discussed areas in which Biophan is developing innovations, including the Company's proprietary MRI-enabling technologies for pacemakers, defibrillators, neurostimulators, stents, vena cava filters Vena Cava Filter Definition A vena cava filter is a device inserted into a major vein to prevent a blood clot from entering the lungs. Purpose , catheters, guidewires, drug pumps and other devices. "The ability to make medical devices both safe and image-compatible with MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. is beginning to alter the way devices are being designed for future manufacturing," Mr. Weiner says in the article. "This is a wide swath of the medical device landscape from neurological devices that can now allow functional MRI functional MRI Fast MRI Imaging A brain imaging technique that measures ↑ blood flow–BF which, like PET, relies on changes in BF and oxygenation due to brain activity; aerobic metabolism in some neurons creates a local ↑ in deoxyHb, which triggers of post-procedure patients to MRI-safe pacemakers, defibrillators, and neurostimulators, as well as image compatible stents and vena cava filters that can be diagnosed for in-stent restenosis in-stent restenosis Interventional cardiology Scar-induced reclosure of a previously stenosed coronary artery, a complication seen in ±20% of Pts undergoing stent placement for CAD. See Coronary artery disease, Stent. Cf Late stent thrombosis. or thrombosis non-invasively using via MRI." In addition to Mr. Weiner, other experts interviewed include Bruce Barclay, president and CEO of SurModics Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SRDX); George W. Blank, president of The MedTech Group Inc.; Ron Earle, recently retired group senior vice president of B. Braun Medical Inc.'s OEM/Industrial Division; Suchit Jain, vice president of analysis products at SolidWorks Corp.; Kay Phillips, president of ATEK Medical Manufacturing; and FDA's CDRH CDRH Center for Devices and Radiological Health (US FDA) Director Dr. Dan Schultz, who shares his thoughts on key challenges for his agency. About Medical Design Technology Medical Design Technology keeps the medical device manufacturing industry up to date with the latest developments in this growing and increasingly competitive field. Medical Design Technology reaches 35,000 design engineers, engineering managers and other important industry professionals, each qualified by job function, business and industry. For more information, please visit http://www.mdtmag.com/scripts/default.asp About Biophan Technologies Biophan develops and markets cutting-edge technologies designed to make biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. devices safe and image compatible with the magnetic resonance imaging magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. (MRI) environment. The Company develops technologies that enable implanted medical systems such as pacemakers, interventional surgical devices such as catheters and guidewires, and devices such as stents to be safely and effectively imaged under MRI. Biophan is developing these same technologies to provide new MRI contrast agents. Other applications include drug delivery and power systems derived from body heat. Four Biophan technologies include advances in nanotechnology and thin film coatings. Committed to growth through innovation and developmental leadership, Biophan and its licensors now hold a total of 156 U.S. patents, licenses, or applications. This total includes 42 issued U.S. patents, 8 recently-allowed applications that will issue as patents in the near future, and 106 pending applications at various stages of examination at the U.S. Patent and Trademark Office, plus international applications. The patents cover areas including nanotechnology (nanomagnetic particle coatings), medical device designs, radio frequency filters, polymer composites, thermoelectric materials for batteries generating power from body heat and optical catheter technologies. Biophan has joint development and licensing agreements with Boston Scientific and NASA's Ames Center for Nanotechnology. Biophan's goal is to make all biomedical devices capable of safely and successfully working with MRI, and delivering other technologies which will improve quality of life. Biophan is also listed on the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "BTN." For more information, please visit www.biophan.com. Cautionary Statement Regarding Forward-Looking Statements Certain statements included in this press release may constitute forward-looking statements within the meaning of applicable securities laws. These statements reflect what Biophan anticipates, expects, or believes may happen in the future. Biophan's actual results could differ materially from the outcome or circumstance expressed or implied by such forward-looking statements as a result of a variety of factors including, but not limited to: Biophan's ability to develop its technologies; the approval of Biophan's patent applications; the successful implementation of Biophan's research and development programs; the ability of Biophan to demonstrate the effectiveness of its technology; the acceptance by the market of Biophan's technology and products incorporating such technology, the ability of Biophan to effectively negotiate and enter into contracts with medical device manufacturers for the licensing of Biophan's technology; competition; the ability of Biophan to raise capital to fund its operating and research and development activities until it generates revenues sufficient to do so; and the timing of projects and trends in future operating performance, as well as other factors expressed from time to time in Biophan's periodic filings with the Securities and Exchange Commission (the "SEC"). As a result, this press release should be read in conjunction with Biophan's periodic filings with the SEC which are incorporated herein by reference. The forward-looking statements contained herein are made only as of the date of this press release, and Biophan undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. |
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