Imi Medical Innovations (AMEX:IME)
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IMI granted new skin sterol patent in Europe
Strengthens positioning of PREVU(x) Skin Sterol Test in key markets, including
U.K.
TORONTO, Dec. 8 /PRNewswire-FirstCall/ -- IMI International Medical
Innovations Inc. (Amex: IME; TSX: IMI), a leader in predictive medicine, today
announced that the European Patent Office has granted IMI a new patent related
to the company's skin sterol and cardiovascular risk assessment technology,
titled "Multi-layer Analytical Element".
The European patent, which has been granted for 11 European countries,
including the United Kingdom, is for a multi-layer analytical "thin film" that
could lead to new film-based techniques for determining the amount of
cholesterol in skin tissues. This patent has already been granted in the United
States, Canada, China, Australia and South Korea, and is pending in Brazil,
Japan and Mexico.
"This patent strengthens our positioning in Europe, where coronary artery
disease is a key health concern," said Dr. Brent Norton, President and Chief
Executive Officer. "In the U.K., low-dose cholesterol-lowering medications are
now available to patients over the counter in pharmacies, without a
prescription - which shows that point-of-care counseling by health care
professionals is a key focus in combating heart disease. We expect this
environment to create important opportunities for PREVU(x) Skin Sterol Test as
a new tool for risk assessment."
Dr. Norton continued, "Overall, this latest patent broadens and enhances our
intellectual property position around PREVU(x) Skin Sterol Test in major world
markets. Our strategy is to control and develop all relevant technologies that
could be applied to skin sterol, which ensures that we can continue to build
upon this innovative product line."
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, branded as PREVU(x) Skin Sterol Test, will be marketed
and distributed worldwide by McNeil Consumer Healthcare. 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 IMI'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 IMI's products, reliance on third-party
manufacturers, the competitiveness of IMI's products if successfully
commercialized, the ability of IMI to take advantage of business opportunities,
uncertainties related to the regulatory process, and general changes in
economic conditions. In addition, while IMI 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 IMI'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 Contact: Sarah Borg-Olivier, Director, Communications,
(416) 222-3449, ; U.S. Investor Contact, Jane Lin,
Andrea Faville, The Investor Relations Group, (212) 825-3210,
,