Frost & Sullivan Honors Biophan Technologies for its Nanomagnetic Coating.Business Editors/Health/Medical Writers/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--March 25, 2004 Frost & Sullivan recognized Biophan Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BIPH BIPH Bogomoletz Institute of Physiology (National Academy of Sciences; Ukraine) ) with the 2004 Excellence in Medical Imaging Technology of the Year Award at last night's Global Excellence in Medical Devices Awards Banquet. Frost & Sullivan presents the Excellence in Medical Imaging Technology of the Year Award to the company that has pioneered the development and introduction of an innovative product that has brought about a significant shift in market adoption, initiation of a new trend, and eventually, a change in the competitive landscape. Biophan's nanoparticle-based biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. coating significantly reduces tissue damage, interference in image quality, and other problems caused by medical implants during 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 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. ) scan, greatly benefiting patients using medical implants such as cardiac pacemakers cardiac pacemaker A device that delivers a small electric shock to the heart to effect cardiac contraction at a pre-determined rate . Nanomagnetic coating shields the strong electromagnetic (EM) radio waves Radio waves Electromagnetic energy of the frequency range corresponding to that used in radio communications, usually 10,000 cycles per second to 300 billion cycles per second. that are generated when the EM fields created during MRI scan interact with interventional and implanted medical devices. Without such shielding, the EM fields could induce high current to heat the metal implants and damage tissues surrounding them, which could prove fatal. Effectively, this novel coating has made medical implants 'MRI-safe.' Other medical devices such as guide wires, catheter catheter /cath·e·ter/ (kath´e-ter) 1. a tubular, flexible surgical instrument that is inserted into a cavity of the body to withdraw or introduce fluid. 2. urethral c. , and endoscopes can also utilize nanomagnetic coatings for shielding. The benefits of real-time MRI can be realized with the application of nano-coated guide wires in surgical procedures Surgical procedures have long and possibly daunting names. The meaning of many surgical procedure names can often be understood if the name is broken into parts. For example in splenectomy, "ectomy" is a suffix meaning the removal of a part of the body. "Splene-" means spleen. . Additionally, these coatings are useful in creating an MRI signal that would otherwise be invisible to MR imaging. In addition to coating capabilities, these nanomaterials can also be employed as MRI contrast agents that highlight specific tissues that may be infected or malfunctioning mal·func·tion intr.v. mal·func·tioned, mal·func·tion·ing, mal·func·tions 1. To fail to function. 2. To function improperly. n. 1. Failure to function. 2. . The materials assist in enhancing the accuracy of diagnosis for different types of cancers and genetic abnormalities. Biophan's uniqueness lies in its ability to offer customized nanomagnetic coatings based on end users' need and application. "Uniquely, Biophan seeks to position itself as a service provider to other prominent partners in the medical devices sector rather than manufacturing medical devices itself," notes Giridhar Rao, industry analyst with Frost & Sullivan. "Biophan's commitment toward research and development is clearly evident from the fact that it already possesses four issued patents and has more than 50 pending clearance. These developments indicate the potential and attractiveness of Biophan's technology to other medical technology providers," Rao adds. Held in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , the Frost & Sullivan banquet honored world-class companies for outstanding performance and achievements in the medical devices segment. An annual event, the banquet recognizes the quality and merit of distinguished individuals and companies. About Biophan Technologies Inc. Located in West Henrietta, N.Y., Biophan develops and markets cutting-edge technologies that are used while manufacturing biomedical devices such as cardiac pacemakers, and surgical and diagnostic tools. Particularly, its latest offering -- nanomagnetic coating -- has immensely enhanced the safety of MRI scans. Committed to growth through innovation and developmental leadership, Biophan and its licensors have four U.S. patents and over 50 patents pending in high-potential areas including nanomagnetic particle coatings, radio frequency filters, polymer composites, and photonics. Armed with unique technologies and patents, Biophan is well on its way to achieve the goal of making all biomedical devices safe and MRI-compatible. For more information, please visit www.biophan.com. About Frost & Sullivan Founded in 1961, Frost & Sullivan is recognized as a global leader in growth consulting. Frost & Sullivan Awards A Sullivan Award may refer to:
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