MIV Therapeutics' Breakthrough Aortic Embolic Protection Device Highlighted in New Interview on BiomedDiscoveries.com Monday September 19, 3:30 am ET Renowned Cardiac Expert Dr. Dov Shimon Highlights Importance of Novel Device to Prevent Strokes as Global Market Demand Heats Up
LOS ANGELES, Sept. 19, 2005 (PRIMEZONE) - BiomedDiscoveries.com,
http://www.biomeddiscoveries.com/bd/, the online source
for exclusive investor information in the biotechnology
sector, has made available a new Q&A-style interview with
leading international cardiac specialist, Dr. Dov Shimon,
the Chief Medical Officer and Director of MIV Therapeutics
(OTC BB:MIVT.OB - News) (Frankfurt:MIVF.F - News), which develops next-generation
biocompatible coatings and drug delivery technologies.
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In the interview, Dr. Shimon provides insights into MIVT's
novel implantable stroke-prevention prototype device, called
the ``Aortic Embolic Protection Device'' (AEPD), part of a
new family of implantable anti-stroke instruments that are
increasingly in demand worldwide. Dr. Shimon, a renowned
cardiac surgeon and thoracic expert, discusses the key therapeutic
benefits of this potentially life-saving device, which he
was instrumental in developing at SagaX Inc., a Tel Avis,
Israel-based company recently acquired by MIVT, that Dr.
Shimon founded. The AEPD prototype device is designed to
prevent cardio-embolic strokes during cardiac procedures
and heart surgery. It is currently undergoing animal trials.
As a recent New York Times article reports, the global market
for carotid stents and embolic filters, which are frequently
implanted in combination with each other for stroke prevention
purposes, is growing around the world. Currently, the global
market for these devices is estimated at $130 million, but
analysts forecast that such devices will grow into a $500
million to $1 billion segment of the stent market, according
to the Times article, published September 16, 2005. The
full text of the Times article can be found by visiting
http://www.nytimes.com/2005/09/16/business/16neck.html.
MIVT has secured the exclusive worldwide license from the
University of British Columbia to use and sublicense three
patents for proprietary HAp coating technologies, including
their application for the development, manufacture and sale
of coated stents and other implantable medical devices.
The above patent applications represent inventions developed
internally and wholly owned by MIV Therapeutics Inc. MIV
Therapeutics is developing a next-generation line of advanced
biocompatible coatings for passive and drug-eluting application
on cardiovascular stents and other implantable medical devices.
MIVT's ultra-thin coating has been derived from a unique
biocompatible material called hydroxyapatite (HAp) that
demonstrated during in-vivo animal trials excellent safety
and superior healing properties pursued by the medical science
in the field of advanced implantable drug delivery systems.
Hydroxyapatite is a bioactive porous material that makes
up the bone mineral and matrix of teeth. It is widely used
as a bone substitute material and for coating implantable
fixation devices in orthopedic, dental and other applications.
MIVT reached a Collaborative Research Agreement (CRA) with
the University of British Columbia and received a research
and development grant from the Natural Sciences and Engineering
Research Council of Canada (NSERC) in 2002 for the additional
development of hydroxyapatite as a drug eluting coating.
MIVT's ultra-thin coating formulation is designed primarily
to protect surrounding tissue from the chemical interaction
of metal stents. The Company has progressed to the next
development stage, which is expected to finalize the drug-eluting
research and development program. Recently, MIVT received
a Government grant for the research program titled ``Development
of Novel Drug Eluting Composite Coatings for Cardiovascular
Stents'' under the National Research Council -- Industrial
Research Assistance Program (NRC-IRAP). Under this sponsorship,
the Company will progress to the next development stage,
which is expected to finalize the drug-eluting research
and development program. For more information, please visit
http://www.mivtherapeutics.com. To read or download MIV
Therapeutics' Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/mivt/factsheet.html.
To obtain daily and historical Company stock quote data,
and recent Company news releases, visit http://www.trilogy-capital.com/tcp/html/mivt.htm.
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Trilogy receives compensation from MIV Therapeutics of $10,000
per month through November 2005 and thereafter for so long
as Trilogy is retained to provide investor relations services.
Trilogy has non-transferable warrants from this company
to purchase 2,720,000 shares of common stock for $0.26 per
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or the outstanding common stock of this company.
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