, Nov. 13, 2013
/PRNewswire/ - Neovasc Inc. (TSXV: NVC) today
announced that the first patent covering the company's innovative
Tiara transcatheter mitral valve replacement technology has been
issued by the US Patent and Trademark Office. The new patent protects
key aspects of the Tiara mitral valve prosthesis. It is the first
patent to issue from a portfolio of US and international patent
applications Neovasc has filed aimed at establishing an extensive
intellectual property estate covering the entire Tiara program,
including the prosthesis, delivery system, associated accessories and
methods of use. Tiara is in development for the treatment of severe
mitral valve disease.
"The issuance of this first patent in the Tiara portfolio represents a
significant milestone for the company," said Alexei Marko, CEO of
Neovasc. "With this key intellectual property protection now assured
and the successful completion of the majority of our preclinical
studies, Neovasc is advancing the Tiara development program according
to plan. We are working with the highly respected medical teams at
Vancouver'sSt. Paul's Hospital and the Antwerp Cardiovascular Center,
ZNA Middelheim to plan the first-in-human Tiara trials, which we expect
to get underway in 2014."
Tiara is a self-expanding bioprosthesis specifically designed to treat
mitral valve regurgitation (MR), a serious and poorly served condition
that requires development of highly specialized devices to address the
complex mitral anatomy. Severe mitral regurgitation can lead to heart
failure and death. Conventional surgical treatments are only
appropriate for a small percentage of the millions of patients with MR,
including an estimated four million in the US alone.
Results from preclinical studies of Tiara were recently published in the
journal JACC: Cardiovascular Interventions and presented at the 25th Annual Transcatheter Cardiovascular Therapeutics (TCT) scientific
US Patent No. 8,579,964, "Transcatheter Mitral Valve Prosthesis," was issued by the US Patent and Trademark Office on November 12, 2013.
About Neovasc Inc.
Neovasc Inc. is a specialty medical device company that develops,
manufactures and markets products for the rapidly growing global
cardiovascular marketplace. Its products include the Neovasc Reducer
for the treatment of refractory angina and the Tiara transcatheter
mitral value replacement device in development for the treatment of
mitral regurgitation. In addition, Neovasc's advanced biological tissue
products are widely used as key components in a variety of third-party
medical products, such as transcatheter heart valves. For more
information, visit: www.neovasc.com.
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SOURCE Neovasc Inc.