Imi Medical Innovations (AMEX:IME)
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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,