MIV Therapeutics Inc.
MIV Therapeutics Featured on Front Page of Medical Device Daily
MIV Therapeutics Inc. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- October 22, 2008, Edition Includes Article Highlighting MIV’s Peer-Reviewed Journal Article Publishing VESTASYNC I Trial Results ATLANTA, GA – October 23, 2008 – MIVMIV Therapeutics, Inc. (OTC/BB: MIVI) (Frankfurt: MIVN Therapeutics, Inc. (OTC/BB: MIVI) (Frankfurt: MIVN, wwwwww.mivtherapeutics.com.mivtherapeutics.com), a leading developer of next-generation coatings and advanced drug delivery systems for cardiovascular stents and other implantable medical devices, was featured on the front page of MedMedical Device Dailyical Device Daily’s October 22, 2008, edition. The article by Amanda Pedersen titled, 'JACCC publishes MIV’s VESTASYNC I trial results,' highlights the Journal of the American College of Cardiology’srnal of the American College of Cardiology’s (JACC) publication of preliminary results from its VESTASYNC I first human trial. The peer-reviewed article titled, 'Preliminary Results of the Hydroxyapatite Non-Polymer-Based Sirolimus-Eluting Stent for the Treatment of Single De Novo Coronary Lesions – A First-In-Human Analysis of a Third Generation Drug-Eluting Stent (DES) System,' appeared in the October 21st edition of JACC and is available online at http://interventions.onlinejacc.org/. The extended version can be requested via info@vastani.como@vastani.com. The Medical Device Daily ical Device Daily piece explains, 'DES makers have been in a race to address the safety issues surrounding DES ever since it became associated with a higher rate of thrombosis, or blood clotting.' In the article, Dr. Mark Landy, MIV President and Chief Executive Officer, said, 'From our perspective the one way to try and solve these issues is to eliminate the polymer and then once and for all we know if it’s a drug issue or a polymer issue.' The article goes on to explain that in the VESTASYNC I trial, the VESTAsync DES was successfully implanted in all cases without complications. 'At four months, in-stent late lumen loss was 0.30 + 0.25 mm and percent of stent obstruction was 2.8 + 2.2%. The VESTAsync DES late loss of 0.30 mm situates this new device among the highest-efficacy DES, with the advantage of a polymer-free system using less than 50% drug than first-generation equivalents.' Dr. Landy continues in the article, 'VESTAsync stent’s benefits fall into three broad categories: biocompatibility, accelerated healing and a more efficient drug-delivery system.' In addition the company believes the VESTAsync will significantly 'reduce the length of time the patient requires anti-platelet therapy after a procedure to 3 months.' The current anti-platelet standard is a minimum duration of one year and in many cases is life-long therapy. MIV is currently enrolling patients in the VESTASYNC II trial, a 120-patient randomized controlled study designed to demonstrate the safety and efficacy of the VESTAsync stent in a larger group of patients. About MIV Therapeutics MIV Therapeutics is developing a next-generation line of advanced biocompatible coatings for passive and drug-eluting applications on cardiovascular stents, as well as for a broad range of other implantable medical devices. The Company's ultra-thin coating formulation is designed to protect surrounding tissue from potentially harmful interactions with bare metallic stents. This coating platform is derived from hydroxyapatite (HAp), an organic material that has demonstrated excellent in vivo safety and biocompatibility. Hydroxyapatite is a porous material that makes up the bone mineral and matrix of teeth, and is widely used today as a bone substitute material and for coatings on implantable fixation devices in orthopedic, dental and other applications. The Company's novel polymer-free drug-eluting technologies based on HAp could also provide an attractive alternative to current polymer-based drug-eluting coatings on the stent market, which have been associated with undesirable effects. The Company's drug-eluting coatings are additionally designed to suit a broad range of implantable medical devices that could benefit from highly customizable drug release profiles. MIV Therapeutics has a Collaborative Research Agreement with the University of British Columbia and has received a government grant for its research program on the 'Development of Novel Drug Eluting Composite Coatings for Cardiovascular Stents,' under the National Research Council-Industrial Research Assistance Program. Under this sponsorship, the Company is expected to complete its drug-eluting research and development program and to reach product commercialization. MIV's intellectual property portfolio includes patents held by the University of British Columbia and exclusively licensed to MIV. Key patent applications filed simultaneously in various countries around the world further protect the commercial exclusivity of MIV's inventions in the global marketplace. For more information, please visit www.mivtherapeutics.com. Forward-Looking Statements Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. All statements that discuss expectations and projections with respect to future matters including, without limitation, statements relating to the safety and efficacy of the Company's product and the ability of the Company's product to rejuvenate the stent market are forward-looking statements. Such statements are indicated by words or phrases such as 'proposed,' 'expected,' 'believe,' 'will,' 'breakthrough,' 'significant,' 'indicated,' 'feel,' 'revolutionary,' 'should,' 'ideal,' 'extremely' and 'excited.' These statements are made under 'Safe Harbor' provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties including, without limitation, market acceptance of the Company's product, the ability of the Company to raise sufficient funding and to continue to develop its various business interests as presently contemplated, and other factors identified in the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's annual report on Form 10-K for the year ended May 31, 2007 and Forms 10-Q. The Company expressly disclaims any obligation to update publicly or otherwise revise these statements, whether as a result of new information, future events or otherwise, except to the extent required by law. Investor Relations: Anthony L. Huston +1 604-301-9545 ext. 14 Vice President, Business Development & Investor Relations ahuston@mivtherapeutics.com investor@mivtherapeutics.com The Investor Relations Group Rachel Colgate / Michael Crawford +1 212-825-3210 Media Relations: Laura Colontrelle / Janet Vasquez +1 212-825-3210 23.10.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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