ENDRA Life Sciences Further Strengthens TAEUS® Platform Intellectual Property with Issuance of 17th European Patent
07 November 2024 - 12:00AM
Business Wire
Global Intellectual Property Portfolio Now
Includes 82 Issued Patents
ENDRA Life Sciences Inc. (NASDAQ: NDRA), a pioneer
of Thermo Acoustic Enhanced UltraSound (TAEUS®), announces that the
European Patent Office has issued to ENDRA a new patent EP4247282
(the ‘282 patent) titled “Method and System for Monitoring Tissue
Temperature.”
The ‘282 patent relates to a novel method and system for
monitoring tissue ablation during minimally invasive thermal
surgical interventions by utilizing ENDRA’s TAEUS® system. It is
related to ENDRA’s U.S. patent US11,051,883 enabling integration
with existing ablation systems. ENDRA expects its method and system
to be applicable to minimally invasive microwave and radiofrequency
thermal ablation procedures, which continue to grow globally as a
less painful alternative with shorter recovery times compared with
open surgical procedures.
“This issued patent, our 17th in Europe, supports ENDRA’s
strategy to develop optimized hybrid ultrasound and thermoacoustic
imaging systems and to broaden the potential applications for our
TAEUS® platform technology in areas with unmet clinical needs,"
stated ENDRA's Chief Executive Officer Alexander Tokman. "We
continue to enhance our intellectual property portfolio to protect
our technology in priority global markets, including the United
States, Europe and China. Our extensive IP portfolio currently
includes 82 patents issued worldwide.”
About ENDRA Life Sciences Inc. ENDRA Life Sciences is the
pioneer of Thermo Acoustic Enhanced UltraSound (TAEUS®), a
ground-breaking technology that characterizes tissue similar to an
MRI, but at 1/40th the cost and at the point of patient care.
TAEUS® is initially focused on the non-invasive assessment of fatty
tissue in the liver. Steatotic liver disease (SLD, formerly known
as NAFLD-NASH) is a chronic liver disease spectrum that affects
over two billion people globally, and for which there are no
practical diagnostic tools. Beyond the liver, ENDRA is exploring
several other clinical applications of TAEUS®, including
non-invasive visualization of tissue temperature during
energy-based surgical procedures. For more information, please
visit www.endrainc.com.
Forward-Looking Statements All statements in this press
release that are not based on historical fact are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking statements, which are based on certain assumptions
and describe our future plans, strategies and expectations, can
generally be identified by the use of terms such as “approximate,”
"anticipate," “attempt,” "believe," "could," "estimate," "expect,"
“forecast,” “future,” "goal," “hope,” "intend," "may," "plan,"
“possible,” “potential,” “project,” "seek," "should," "will,"
“would,” or other comparable terms (including the negative of any
of the foregoing), although some forward-looking statements are
expressed differently. Examples of forward-looking statements for
ENDRA include, among others: expectations with respect to FDA
requirements regarding its clinical trials and de novo submission
for its TAEUS liver device; estimates of the timing of future
events and anticipated results of its development efforts,
including the timing of submission for and receipt of required
regulatory approvals and product launches and sales; statements
relating to future financial position and projected costs and
revenue; expectations concerning ENDRA's business strategy; and
statements regarding ENDRA’s ability to find and maintain
development partners. Forward-looking statements involve inherent
risks and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements as a result
of various factors including, among others: the ability to raise
additional capital in order to continue as a going concern; the
ability to obtain FDA and other regulatory approvals necessary to
sell ENDRA medical devices in certain markets in a timely manner,
or at all; the ability to develop a commercially feasible
technology and its dependence on third parties to design and
manufacture its products; ENDRA’s ability to maintain compliance
with Nasdaq listing standards; ENDRA’s dependence on its senior
management team; market acceptance of ENDRA’s technology and the
amount and nature of competition in its industry; ENDRA’s ability
to protect its intellectual property; and the other risks and
uncertainties described in the Risk Factors and Management’s
Discussion and Analysis of Financial Condition and Results of
Operations sections of the company’s most recent Annual Report on
Form 10-K and in subsequent Quarterly Reports on Form 10-Q filed
with the Securities and Exchange Commission. You should not rely
upon forward-looking statements as predictions of future events.
The forward-looking statements made in this press release speak
only as of the date of issuance, and ENDRA assumes no obligation to
update any such forward-looking statements to reflect actual
results or changes in expectations, except as otherwise required by
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241106218099/en/
Company Contact: Richard Jacroux Chief Financial Officer
investors@endrainc.com www.endrainc.com
Investor Relations: Yvonne Briggs Alliance Advisors IR
(310) 691-7100 ybriggs@allianceadvisors.com
ENDRA Life Sciences (NASDAQ:NDRA)
Historical Stock Chart
From Oct 2024 to Nov 2024
ENDRA Life Sciences (NASDAQ:NDRA)
Historical Stock Chart
From Nov 2023 to Nov 2024