Lombard Medical Technologies PLC USPTO Accepts Lombard's Request to Dismiss IPR (4692R)
28 October 2013 - 6:01PM
UK Regulatory
TIDMLMT
RNS Number : 4692R
Lombard Medical Technologies PLC
28 October 2013
Lombard Medical Technologies PLC
("Lombard Medical" or the "Company")
USPTO Accepts Lombard's Request to Dismiss Inter Partes
Review
London, UK, 28 October 2013 - Lombard Medical Technologies PLC
(AIM: LMT), the specialist medical device company focused on the
treatment of abdominal aortic aneurysms (AAAs), today announces
that following its request, the US Patent and Trademark Office
(USPTO) has granted the motion to dismiss the Inter Partes Review
(IPR) regarding the validity of US patent No. 6,306,141 ('141 or
"Jervis" patent).
The Company's request to withdraw the IPR was a condition of the
non-exclusive licence granted to the Company by Medtronic, Inc. for
Medtronic's '141 patent (previously announced on 17 October).
-Ends-
For further information:
Lombard Medical Technologies PLC Tel: +44 (0)1235 750
800
Simon Hubbert, Chief Executive Officer
Ian Ardill, Chief Financial Officer
Canaccord Genuity Limited Tel: +44 (0)20 7523 8000
Lucy Tilley / Tim Redfern / Henry
Fitzgerald O'Connor /
Dr Julian Feneley
FTI Consulting Tel: +44 (0)20 7831 3113
Simon Conway / Stephanie Cuthbert
/ Victoria Foster Mitchell
Allen & Caron Tel: +1 (949) 474 4300
Matt Clawson
About Lombard Medical
Lombard Medical Technologies PLC (AIM: LMT) is a medical device
company focused on device solutions for the $1.3 billion per annum
AAA repair market. The Company's lead product, Aorfix, is an
endovascular stent graft which has been specifically designed to
solve the problems that exist in treating complex tortuous anatomy,
which is often present in advanced AAA disease. Aorfix is the only
stent graft approved for AAA neck angulations of up to 90 degrees
and is currently being commercialized worldwide. Aorfix is the
first AAA stent graft not of U.S. origin to gain FDA approval. The
Company is headquartered in Oxfordshire, England with U.S.
operations in Irvine, CA.
Further background on the Company can be found at
www.lombardmedical.com.
Aorfix Commercialisation
In February 2013 Lombard Medical received FDA ("Food and Drug
Administration") approval to treat AAAs, the only device with a
label indication for the treatment of patients with angulations at
the neck (top) of the aneurysm of up to 90 degrees. This gives
Aorfix the broadest label for such a device on the US market and
makes it the only endovascular stent graft approved for use in high
angle (>60 degrees) cases. In Japan, Lombard Medical's exclusive
distribution partner, Medico's Hirata Inc., remains in dialogue
with the Japanese PMDA ("Pharmaceuticals and Medical Devices
Agency") to achieve regulatory approval for Aorfix, expected in H1
2014.
About Abdominal Aortic Aneurysms
AAAs are a balloon-like enlargement of the aorta which, if left
untreated, may rupture and cause death. Approximately 4.5 million
people are living with AAAs in the developed world and each year
600,000 new cases are diagnosed. In the U.S. aortic aneurysm
disease is among the leading cause of death and it is estimated
that 1.7 million people over the age of 55 have an AAA. The market
for the repair of AAAs in the U.S. is valued at more than $600
million annually, and is forecast to grow to $1.6 billion worldwide
by 2015 according to independent market research.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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