Biophan Updates Company Strategy and Potential at New York Conference; CEO Outlines Synergies of Cardiovascular Technologies
"Biophan identifies high-potential biomedical markets where innovation is greatly needed, and then formulates a strategy to address those needs and opportunities with the best available technology that is highly protected through patents and other intellectual property measures," said Biophan CEO Michael Weiner.
“Just as we have done for pacemakers, stents, and other devices, Biophan is developing needed improvements to cardiac assist devices, a multi-billion-dollar emerging market. Existing cardiac assist devices, as miraculous as they are, are woefully inadequate.”
Mr. Weiner elaborated on the Company's recent expansion into the cardiovascular device market. "Just as we have done for pacemakers, stents, and other devices, Biophan is developing needed improvements to cardiac assist devices, a multi-billion-dollar emerging market. Existing cardiac assist devices, as miraculous as they are, are woefully inadequate."
The online presentation can be accessed free of charge by visiting http://viavid.net/player/dcem.aspx?sid=00002929. It can also be accessed by visiting http://www.equitiesmagazine.com, and selecting the "Conference Webcast" option; then selecting the link for Biophan Technologies.
About Biophan Technologies
Biophan develops and markets cutting-edge technologies designed to make biomedical devices safe and image compatible with the magnetic resonance imaging (MRI) environment. The Company develops technologies that enable implanted medical systems such as pacemakers, interventional surgical devices such as catheters and guidewires, and devices such as stents to be safely and effectively imaged under MRI. Biophan is developing these same technologies to provide new MRI contrast agents. Other applications include drug delivery and power systems derived from body heat. Four Biophan technologies include advances in nanotechnology and thin film coatings. Committed to growth through innovation and developmental leadership, Biophan and its licensors now hold a total of 144 U.S. patents, licenses, or applications. This total includes 41 issued U.S. patents, 9 recently-allowed applications that will issue as patents in the near future, and 94 pending applications at various stages of examination at the U.S. Patent and Trademark Office, plus international applications. The patents cover areas including nanotechnology (nanomagnetic particle coatings), medical device designs, radio frequency filters, polymer composites, thermoelectric materials for batteries generating power from body heat, and photonics. Biophan has joint development and licensing agreements with Boston Scientific (NYSE: BSX - News) and NASA's Ames Center for Nanotechnology. Biophan's goal is to make all biomedical devices capable of safely and successfully working with MRI, and delivering other technologies which will improve quality of life. For more information, please visit www.biophan.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements included in this press release may constitute forward-looking statements within the meaning of applicable securities laws. These statements reflect what Biophan anticipates, expects, or believes may happen in the future. Biophan's actual results could differ materially from the outcome or circumstance expressed or implied by such forward-looking statements as a result of a variety of factors including, but not limited to: Biophan's ability to develop its technologies; the approval of Biophan's patent applications; the successful implementation of Biophan's research and development programs; the ability of Biophan to demonstrate the effectiveness of its technology; the acceptance by the market of Biophan's technology and products incorporating such technology, the ability of Biophan to effectively negotiate and enter into contracts with medical device manufacturers for the licensing of Biophan's technology; competition; the ability of Biophan to raise capital to fund its operating and research and development activities until it generates revenues sufficient to do so; and the timing of projects and trends in future operating performance, as well as other factors expressed from time to time in Biophan's periodic filings with the Securities and Exchange Commission (the "SEC"). As a result, this press release should be read in conjunction with Biophan's periodic filings with the SEC which are incorporated herein by reference. The forward-looking statements contained herein are made only as of the date of this press release, and Biophan undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.