MIV Therapeutics Announces Market Launch of the GenX CrCo Stent and Seven Associated Interventional Cardiology Products by Biosync Scientific.Launch is a Key Milestone in the Company's Mission to Deliver a Broad Range of Products to the Interventional Cardiology Community ATLANTA -- MIV MIV Motorisierter Individualverkehr (German: Motorized Individual Traffic) MIV Master Internet Volunteer (University of Minnesota Extension Service) MIV Multimedia, Internet & Video Therapeutics Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MIVT MIVT Mechanism, Injuries, Vital Signs, Treatment (trauma reporting) ) (FWB (Fixed Wireless Broadband) See fixed wireless. :MIV), a leading developer of next-generation biocompatible biocompatible /bio·com·pat·i·ble/ (-kom-pat´i-b'l) being harmonious with life; not having toxic or injurious effects on biological function. polymer-free drug-eluting stents and advanced drug delivery systems, has announced that Biosync Scientific, which the Company has a formal agreement to acquire, has introduced a portfolio of new cardiovascular stents and related products at the 58th Annual Meeting of The Cardiological Society (CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International ) of India, held recently in New Delhi. The seven newly announced products validate MIVT's mission to become a leading interventional cardiology company focused on delivering a broad suite of advanced cardiovascular stents and related products to patients, physicians and hospitals around the world. The new products include the GenX CrCo thin-strut coronary stent system, the GenX stainless steel coronary stent system, the XuAACT Inflation Device, a haemostatic Haem`o`stat´ic a. 1. Same as Hemostatic. hemostatic, haemostatic a styptic agent or substance. — hemostatic, haemostatic, adj. See also: Blood and Blood Vessels y-connector adaptor kit, an insertion tool, a guide wire torquer and a high-pressure 3-way stopcock stopcock a valve that regulates the flow of fluid through a tube. . Notably, the products have all been CE Mark certified, a mandatory European community stamp of approval that enables products to be sold in Europe and other key markets around the world. MIVT and Biosync will roll out these products over the next quarter, under a strategic plan that will deliver them first to the interventional cardiology community in India, to be followed with distribution in other countries in Asia, Europe, Latin America and elsewhere. The products allow MIVT to accelerate the development of its brand and distributor relationships around the world as the Company prepares for the commercialization of its broad range of hydroxyapatite hydroxyapatite /hy·droxy·ap·a·tite/ (-ap´ah-tit) an inorganic calcium-containing constituent of bone matrix and teeth, imparting rigidity to these structures. (HAp) coated stents, polymer-free drug-eluting stents, and other interventional cardiology products. "This launch is an important milestone in the transformation of MIV Therapeutics into a full-fledged interventional cardiology company with a broad product portfolio and deep product pipeline," said Dr. Mark Landy, President of MIV Therapeutics. "Given the exceptional response from CSI members, we believe that these products will become instrumental in the treatment of coronary heart disease coronary heart disease: see coronary artery disease. coronary heart disease or ischemic heart disease Progressive reduction of blood supply to the heart muscle due to narrowing or blocking of a coronary artery (see atherosclerosis). around the world for many years to come." Dr. Landy added, "The launch of these products provides MIVT an opportunity to develop strong relations with established distribution networks around the world as we prepare the market for the roll out our HAp-coated and polymer-free biocompatible drug-eluting stents and other associated interventional cardiology products." The recently announced proposed Biosync Scientific acquisition is the latest step in MIVT's strategic plan to become a world leader in the $8 billion plus interventional cardiology market. About MIV Therapeutics, Inc. MIV Therapeutics is developing a next-generation line of advanced biocompatible coatings for passive and drug-eluting applications on cardiovascular stents and a broad range of other implantable medical devices. The Company's ultra-thin coating formulation is designed to protect surrounding tissue from potentially harmful interactions with bare metallic stents. The Company's unique ultra-thin coating platform is derived from an organic material called hydroxyapatite (HAp) which has demonstrated excellent safety and biocompatibility biocompatibility the quality of not having toxic or injurious effects on biological systems. biocompatibility 1. The extent to which a foreign, usually implanted, material elicits an immune or other response in a recipient 2. in vivo animal studies. Hydroxyapatite is a bioactive porous material that makes up the bone mineral and matrix of teeth and is widely used today as a bone substitute material and for coatings on implantable fixation devices in orthopedic, dental and other applications. The Company's novel polymer-free drug-eluting technologies based on Hydroxyapatite could also provide an attractive alternative to current polymer-based drug-eluting coatings on the stent market, which have been associated with undesirable medical effects. The Company's drug-eluting coatings are additionally designed to suit a broad range of implantable medical devices that could benefit from highly customizable drug release profiles. MIVT has a Collaborative Research Agreement (CRA See Community Reinvestment Act. ) with the University of British Columbia Locations Vancouver The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7. and has received Government grant for its research program on the "Development of Novel Drug Eluting Composite Coatings for Cardiovascular Stents," under the National Research Council-Industrial Research Assistance Program (NRC-IRAP NRC-IRAP National Research Council - Industrial Research Assistance Program ). Under this sponsorship, the Company is expected to complete its drug-eluting research and development program and to reach product commercialization stage. For more information, please visit http://www.trilogy-capital.com/tcp/mivt/website.html. To read or download MIV Therapeutics' Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/mivt/factsheet.html. To obtain daily and historical Company stock quote data, and recent Company news releases, visit http://www.trilogy-capital.com/tcp/html/mivt.htm. MIVT is traded on the Frankfurt, Germany, stock exchange under the symbol MIV. Forward-Looking Statements Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe," "will," "breakthrough," "significant," "indicated," "feel," "revolutionary," "should," "ideal," "extremely" and "excited." These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's recent Form 10-K and Form 10-Qs, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements. |
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