MedicalCV, Inc. Receives 4 Notices of Allowance on Laser-Based Cardiac Ablation Technology.MINNEAPOLIS -- MedicalCV, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MCVI MCVI Michigan Cardiovascular Institute (Bay City, Michigan) MCVI Miami Cardiac and Vascular Institute ), www.medcvinc.com, announced today that it has received notices from the U.S. Patent Office that it will allow four of the Company's patent applications covering various methods and apparatus for treating tissue including treatments for atrial fibrillation (AF). This intellectual property coverage provides protection for use of both the Company's minimally invasive system and the surgical wand products. The Company has additional U.S. and international patent applications pending. MedicalCV is a cardiovascular surgery company focused on developing a true, minimally invasive procedure Minimally invasive surgical procedures avoid open invasive surgery in favor of closed or local surgery with less trauma. These procedures involve use of laparoscopic devices and remote-control manipulation of instruments with indirect observation of the surgical field through an (closed chest, beating heart) for the treatment of atrial fibrillation by utilizing a laser-based technology platform for cardiac tissue ablation in surgery. Marc P. Flores Flores, town, Guatemala Flores (flōrəs), town (1990 est. pop. 2,200), capital of Petén department, N Guatemala. Flores was built on an island in the southern part of Lake Petén Itzá and on the site of the , President 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. of MedicalCV commented, "These four Notices of Allowance from the United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property are a testament to both the tremendous two-year effort of our Research & Development team and our unwavering commitment to delivering a stand-alone, closed-chest, beating heart procedure for the potential treatment of atrial fibrillation, the most common heart arrhythmia in the United States." About MedicalCV, Inc. MedicalCV, Inc., a cardiovascular surgery device manufacturer, focuses on the development and introduction of products designed to improve patient outcomes through the early treatment of cardiovascular disorders and disease, specifically products used by cardiac surgeons to ablate ab·late v. To remove or destroy the function of. ablate to remove, especially by cutting. ablate verb To remove; excise cardiac tissue as a potential means to treat atrial fibrillation. The Company's core technology is the AtriLaze Ablation System for use in cardiac tissue ablation procedures in open-heart surgery. The Company acquired this technology in August 2003 and received FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. 510(k) clearance for the first generation product in December 2004. The AtriLaze System is now being used by surgeons at select centers in concomitant open-heart surgical procedures. The Company's common stock is traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol "MCVI.OB." This release contains certain forward-looking statements of expected future developments, as defined in 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. The forward-looking statements in this release refer to our expectations regarding our development and commercialization of products for the minimally invasive treatment of atrial fibrillation. These forward-looking statements reflect management's expectations and are based on currently available data; however, actual results are subject to future risks and uncertainties, which could materially affect actual performance. Risks and uncertainties that could affect such performance include, but are not limited to, the following: the Company's ability to fund significant capital needs; adoption of minimally invasive techniques for the treatment of atrial fibrillation through ablation; the time and costs involved in obtaining regulatory clearance for our products; competing technological and pharmacological developments; and dependence upon governmental reimbursements for cardiac procedures. For more detailed information about these risks and uncertainties, please review the Company's Current Report on Form 10-KSB, as filed with the Securities and Exchange Commission on July 20, 2006. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company's control. The Company assumes no obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect events or uncertainties after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For further information on MedicalCV, Inc., please visit www.medcvinc.com. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion