Selenium Ltd. and Pinpoint Med Inc. to Develop Interventional Catheter Device.AUSTIN, Texas & GLIL GLIL Gays and Lesbians for Individual Liberty YAM yam, common name for some members of the Dioscoreaceae, a family of tropical and subtropical climbing herbs or shrubs with starchy rhizomes often cultivated for food. The largest genus, Dioscorea, is commercially important in East Asia and in tropical America. , Israel -- Emergent Technologies Inc. (ETI (Embed The Internet) An earlier consortium that was devoted to putting Web servers into microcontrollers used in embedded systems. Using a Web server enables access to the device via any Web browser. See Web server and microcontroller. ) of Austin announced today that one of its Lubbock-based biotechs, Selenium selenium (səlē`nēəm), nonmetallic chemical element; symbol Se; at. no. 34; at. wt. 78.96; m.p. 217°C;; b.p. about 685°C;; sp. gr. 4.81 at 20°C;; valence −2, +4, or +6. Ltd., has agreed with Pinpoint Med Inc (PMI See Private Mortgage Insurance. ), Glil Yam, Israel, to develop an interventional catheter device which employs Selenium's patented technology. Dr. Ascher Shmulewitz of PMI commented, "Pinpoint Med Inc (PMI) is excited about the potential solution to one of the last frontiers in interventional cardiology. The PMI interventional catheter device allows the controlled delivery of the potent biological effects of the Selenium technology. The convergence of these two technologies may provide a cost effective and safe solution to the debulking of chronic total occlusions of blood vessels - a condition that, at present, requires in most patients bypass surgery." Dr. Brian Windsor, ETI Vice President, stated, "The Selenium technology was developed by Drs. Ted Reid and Julian Spallholz at Texas Tech University Health Sciences Center The Texas Tech University Health Sciences Center offers Schools of Allied Health Sciences, Biomedical Sciences, Medicine, Nursing, and Pharmacy. The HSC has campuses located in Lubbock, as well as in Abilene, Amarillo, El Paso, and Odessa. in Lubbock, Texas. One application of the technology addresses an industry need for development of device coatings which are more reliable, non-toxic, non-leaching, and suitable for controlled local delivery by using catalytic production of locally toxic super-oxide radicals to inhibit bacteria, viruses, cellular and biofilm Biofilm An adhesive substance, the glycocalyx, and the bacterial community which it envelops at the interface of a liquid and a surface. When a liquid is in contact with an inert surface, any bacteria within the liquid are attracted to the surface and adhere growth and formation. The coating technology will be homogeneously applied to achieve predictable and reproducible high quality results for PMI's catheter devices." ETI formed Selenium Ltd. through its third investment fund, WesTech Ventures I, and manages it from its Austin, Texas, headquarters. ETI is a venture capital firm that specializes in forming, funding, commercializing and managing biotech companies for the purpose of converting institutional and university-based technology into high-return ventures. Visit its website at www.emergenttechnologies.com. Pinpoint Med Inc. was formed by Seed Venture Partners, a venture capital firm that specializes in forming, funding, and commercializing European institutional and university-originated medical device companies, and is headquartered in Luxembourg. The companies are managed by Medgenesis Partners Ltd, a medical device business accelerator located in Tel-Aviv, Israel and Brussels, Belgium. |
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