Cardio Vascular Medical Device Corp. (CVSL.OB) Applying for Patents in Europe, Canada, and Far East
QualityStocks (November 23rd, 2009) Writes:
Cardio Vascular Medical Device Corp., an Israeli based developer of advanced cardiovascular surgery technologies, has announced that it will apply for additional patents for its proprietary steerable guidewire product for use in angioplasty procedures. The company already holds a U.S. patent for its innovative guidewire, but wants to obtain patents in Europe, Canada, and the Far East in order to penetrate a worldwide commercial marketplace for the life-saving angioplasty procedure. The steerable guidewire is applicable for all angioplasty procedures, and the potential market for related equipment exceeds $500 million.
Angioplasty is now a common procedure, performed to widen narrowed or obstructed blood vessels. It is often performed in place of, or before, more invasive and potentially life-threatening bypass surgery. Heart disease kills over 7 million people worldwide each year and is the leading cause of death for both men and women in the U.S. Angioplasty performed prior to an artery
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