Vycor Medical Granted Patent Rights for ViewSite Brain Access System in China
18 May 2011 - 12:18AM
Marketwired
Vycor Medical, Inc. (OTCBB: VYCO), a medical device company that
designs, develops and markets next generation neurosurgery devices,
announced today that its China Patent Application No.
ZL200680056889.9 has been granted. This action provides Vycor
patent rights with respect to its innovative ViewSite Brain Access
System (VBAS) in China.
ViewSite Brain Access System (VBAS) is the Company's first
product, a new generation system that allows surgeons access to
deep lesions in the brain. Kenneth Coviello, Vycor's CEO,
commented, "We are very pleased with the news of the patent
protection we have received in China. Vycor has applied for SFDA
approval in China which would allow us to begin marketing. We are
hopeful this will also be granted in the near future."
In contrast to development in other surgical technologies, the
Company's product addresses a market that has not changed
materially in over 50 years. Published literature suggests that
existing standard brain retractors can cause brain damage and/or
prolonged patient recovery with the incidence of contusion or
infarction from brain retraction in approximately 10% in cranial
surgery and 5% in intracranial procedures. Pressure at the
retractor blade tip is said to be responsible for 22% of
infarctions as determined by CT scans. Given that there are an
estimated 600,000 brain surgeries annually worldwide, this is a
very sizeable issue which could result in a sizeable potential
addressable market for the Company.
Vycor and its subsidiary NovaVision maintain a portfolio of
patent protection on their methods and apparatus in the form of
issued patents and applications, both domestically and
internationally. In the U.S., the Group has a total of 8 issued
patents and 8 pending applications. The international patent
portfolio includes 8 issued patents and 26 pending
applications.
For the latest information on the company, including media and
other coverage, and to learn more, please go online at
www.VycorMedical.com.
About Vycor Medical, Inc.
With corporate headquarters in Boca Raton, FL, Vycor Medical,
Inc. (OTCBB: VYCO) is a medical device company committed to making
neurological brain, spinal and other surgical procedures safer and
more effective. The company's flagship, Patent Pending ViewSite™
Surgical Access Systems represent an exciting new minimally
invasive access and retraction system that holds the potential for
speedier, safer and more economical brain, spinal and other
surgeries and a quicker patient discharge. Vycor's innovative
medical instruments are designed to optimize neurosurgical site
access, reduce patient risk, accelerate recovery, and add tangible
value to the professional medical community. Vycor is ISO
13485:2003 compliant, has FDA 510(K) clearance for brain and spine
surgeries, and CE marketing and HPB licensing in Canada. In
December of 2010 the company purchased the assets of NovaVision
Inc. www.novavision.com. NovaVision's Vision Restoration Therapy
("VRT") is an FDA cleared, patented, non invasive medical device
that helps to restore vision in stroke or traumatic brain injuries
(TBI) patients with visual deficits. Potential visual field
deficits include (but are not limited to) hemianopia,
quadrantatnopia, and scotoma.
Safe Harbor Statement
Information in this document constitute forward-looking
statements or statements which may be deemed or construed to be
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The words "forecast,"
"anticipate," "estimate," "project," "intend," "expect," "should,"
"believe," and similar expressions are intended to identify
forward-looking statements. These forward-looking statements
involve, and are subject to known and unknown risks, uncertainties
and other factors which could cause Vycor Medical's actual results,
performance (financial or operating) or achievements to differ from
the future results, performance (financial or operating) or
achievements expressed or implied by such forward-looking
statements. The risks, uncertainties and other factors are more
fully discussed in Vycor Medical's filings with the U.S. Securities
and Exchange Commission. All forward-looking statements
attributable to Vycor Medical herein are expressly qualified in
their entirety by the abovementioned cautionary statement. Vycor
Medical disclaims any obligation to update forward-looking
statements contained in this estimate, except as may be required by
law.
Contact: Karen Coviello 561-558-2018 Email Contact
Vycor Medical (QB) (USOTC:VYCO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Vycor Medical (QB) (USOTC:VYCO)
Historical Stock Chart
From Jul 2023 to Jul 2024