IMI files patent application for new format of skin sterol technology
March 01 2005 - 8:01AM
PR Newswire (US)
IMI files patent application for new format of skin sterol
technology TORONTO, March 1 /PRNewswire-FirstCall/ -- IMI
International Medical Innovations Inc. (TSX: IMI; Amex: IME) today
announced that it has filed a new patent application with the
United States Patent and Trademark Office (PTO) related to a new
format of PREVU(x) Skin Sterol Test. This patent, titled Method and
Apparatus for Non-Invasive Measurement of Skin Tissue Cholesterol,
further establishes IMI's leadership in non-invasive cardiovascular
disease risk assessment. The patent covers the method of measuring
skin sterol as well as the format of the test. "This latest patent
application will broaden and enhance our intellectual property
position around PREVU(x) Skin Sterol Test in major world markets,"
said Dr. Brent Norton, President and Chief Executive Officer. "This
important step in the evolution of our skin sterol test will help
create new development and growth opportunities for the
technology." This latest filed application expands IMI's
intellectual property portfolio, which currently includes 35 issued
patents and patents pending related to the skin sterol technology
and nine patents and patents pending related to the color
measurement process. "We are building a critical mass of
proprietary predictive medicine technologies in the cardiovascular
and cancer fields," continued Dr. Norton. "Our strategy is to
control and develop all relevant technologies that could be applied
to our tests, which ensures that we can continue to build upon
IMI's innovative product pipeline." About IMI IMI is a world leader
in predictive medicine, dedicated to developing rapid, non-invasive
tests for the early detection of life-threatening diseases. IMI's
cardiovascular products, which are branded as PREVU(x) Skin Sterol
Test, are marketed and distributed worldwide by McNeil Consumer
Healthcare, Canada. The company's cancer tests include
ColorectAlert(TM), LungAlert(TM) and a breast cancer test. IMI's
head office is located in Toronto, and its research and product
development facility is at McMaster University in Hamilton,
Ontario. For further information, please visit
http://www.imimedical.com/. This press release contains
forward-looking statements. These statements involve known and
unknown risks and uncertainties, which could cause the Company's
actual results to differ materially from those in the forward-
looking statements. Such risks and uncertainties include, among
others, the lack of operating profit and availability of funds and
resources to pursue R&D projects, the successful and timely
completion of clinical studies, the successful development or
marketing of the Company's products, reliance on third-party
manufacturers, the competitiveness of the Company's products if
successfully commercialized, the ability of the Company to take
advantage of business opportunities, uncertainties related to the
regulatory process, and general changes in economic conditions. In
addition, while the Company routinely obtains patents for its
products and technology, the protection offered by the Company's
patents and patent applications may be challenged, invalidated or
circumvented by our competitors and there can be no guarantee of
our ability to obtain or maintain patent protection for our
products or product candidates. Investors should consult the
Company's quarterly and annual filings with the Canadian and U.S.
securities commissions for additional information on risks and
uncertainties relating to the forward-looking statements. Investors
are cautioned not to rely on these forward-looking statements. IMI
is providing this information as of the date of this press release
and does not undertake any obligation to update any forward-looking
statements contained in this press release as a result of new
information, future events or otherwise. DATASOURCE: IMI
International Medical Innovations Inc. CONTACT: Company: Sarah
Borg-Olivier, Director, Communications, T: (416) 222-3449, ; U.S.
Investor Contact: Andrea Faville, The Investor Relations Group, T:
(212) 825-3210,
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