CardioVascular Dynamics Obtains License to Novel Angioplasty Technology.IRVINE, Calif.--(BUSINESS WIRE)--April 10, 1996--CardioVascular Dynamics Inc. (CVD CVD Cardiovascular disease, see there ), a subsidiary of EndoSonics Corp. (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 :ESON ESON Ethernet Switched Optical Network (Alamedia Networks) ESON Ethnobotanical Society of Nepal ) announced today that it has signed an agreement to license a new technology called Facilitated Force Angioplasty (FFA FFA free fatty acids. ). This technology was developed by Michael Stillabower, M.D. FFA Technology uses a novel catheter design concept that provides for the "controlled incision" of atherosclerotic plaque. The catheter design provides a mechanical means controlling the "scoring" or "cutting" of atherosclerotic plaque so that conventional angioplasty can then be completed using either the same catheter, or if desired, a second catheter. FFA Technology was developed and patented by Stillabower, a practicing interventional cardiologist associated with the Medical Center of Delaware. Under the Agreement with Stillabower, CVD has received exclusive, worldwide rights to Stillabower's current patent for FFA and all future improvements. CVD has agreed to finalize the development of this technology, complete human clinical investigation and obtain all necessary regulatory approvals on a worldwide basis. Commenting on this Licensing Agreement, CVD Chairman and 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 R. Henson said, "Stillabower is both an extremely busy interventional cardiologist and a very creative inventor. We are pleased that he has decided to work with CVD to commercialize FFA Technology. This technology can have a significant impact on the interventional treatment of atherosclerosis. It has applications for patients who are candidates for conventional PTCA PTCA abbr. percutaneous transluminal coronary angioplasty PTCA Percutaneous transluminal coronary angioplasty, see there , as well as patients who might be treated with newer modalities such as rotational atherectomy or vascular stents." CVD develops and markets site-specific drug delivery catheters, combined angioplasty-drug delivery catheters and advanced therapeutic catheters. CONTACT: CardioVascular Dynamics, Inc. Heather Murray, 714/457-9546 |
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