CHF Technologies, Inc. Says Chase Medical's Allegations Are Without Merit.DANVILLE, Calif. -- CHF CHF In currencies, this is the abbreviation for the Swiss Franc. 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. Technologies, Inc. ("CHFT CHFT Cooperative Housing Federation of Toronto (Canada) "), the Congestive Heart Failure congestive heart failure, inability of the heart to expel sufficient blood to keep pace with the metabolic demands of the body. In the healthy individual the heart can tolerate large increases of workload for a considerable length of time. treatment company, responded to the Chase Medical ("Chase") press release regarding Chase Medical's allegations against CHFT. CHFT has not been served with any complaint by Chase. Nevertheless, CHFT has been apprised that Chase has filed a complaint in the U.S. District Court in Northern Texas, Dallas Division, alleging that CHFT's Blue Egg(TM) left ventricular ven·tric·u·lar adj. Of or relating to a ventricle or ventriculus. ventricular pertaining to a ventricle. ventricular assist device restoration products infringe in·fringe v. in·fringed, in·fring·ing, in·fring·es v.tr. 1. To transgress or exceed the limits of; violate: infringe a contract; infringe a patent. 2. one or more claims of U.S. Patent No. 6,681,773 (the "773 Patent"). CHFT said it has not infringed the '773 Patent and believes that claims in the '773 Patent are invalid. "We believe this lawsuit is without merit and we plan to conduct a vigorous defense," stated Rob O'Reilly, VP of Business Development, CHFT. "CHFT continues to threaten Chase Medical's position in the marketplace and this legal action is an attempt to slow our continued sales momentum. It is a testament to our success that Chase has chosen to compete with us in the courtroom rather than in the marketplace. We remain committed to delivering patented, innovative products and world-class support to assure our customers' continued success." About CHF Technologies, Inc. CHFT is the emerging leader in providing patients and physicians with innovative products for ventricular restoration. CHFT develops minimally invasive products to reconstruct re·con·struct tr.v. re·con·struct·ed, re·con·struct·ing, re·con·structs 1. To construct again; rebuild. 2. the heart; develops and deploys integrated heart failure programs for hospitals; and is a leader in providing educational materials for patients and medical professionals. For more information on CHF Technologies, Inc. click on www.chftech.com or call 925-648-9960. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion