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PLC Systems, Inc. Granted U.S. Method Patent for RenalGuard®


6/6/2013 9:41:52 AM

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New York, NY - On June 6, 2013, PLC Systems announced that the company was granted a new method patent by the US Patent and Trademark Office entitled, "Patient Hydration Method." The patent covers the use of RenalGuard Therapy and the RenalGuard device to protect the kidneys from therapeutic agents such as those used in the treatment of cancer or serious infections that are potentially toxic to the kidneys.

This patent greatly expands the company’s intellectual property position. PLC's existing core patents cover the use of the RenalGuard technology to reduce the risk of acute kidney injury stemming from exposure to contrast agents which specifically lead to contrast-induced acute kidney injury.

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Company Description:

PLC Systems Inc. (PLCSF: OTC BB), a medical technology company headquartered in Milford, MA, has developed RenalGuard, a forced diuresis system for hydrating high-risk (with pre-existing renal failure) patients who are subjected to contrast-enhanced medical imaging procedures. Such patients are at risk for contrast-induced nephropathy (CIN), kidney damage stemming from exposure to intravenously administered contrast media. As standard hydration protocols do not adequately protect high-risk patients from CIN, RenalGuard potentially addresses an unmet need in millions of patients.

RenalGuard is an automated closed-loop fluid replacement controller. It promotes a high volume of urine output (diuresis) which it precisely monitors and measures. It intravenously replaces the exact amount of fluid that has been excreted, maintaining the proper fluid balance within the kidneys. By continuous fluid replacement and the use of a diuretic (which increase the formation of urine), RenalGuard aims to produce high urine flow rates, rapidly “flushing” potentially toxic contrast agents and minimizing damage to the kidneys.

RenalGuard is CE marked and is already on the market in Europe. A US Phase II/III clinical trial started in January 2012, setting the stage for US release after FDA approval.

Taglich Brothers:

Taglich Brothers, Inc. is full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.

The Taglich Brothers' Equity Research department is dedicated to providing research reports that are informative, insightful and illuminating. Reports are designed to distill volumes of investment information into a concise, straightforward format so that busy professional investors can make informed investment decisions.

Disclaimer:

The information and statistical data contained herein have been obtained from sources, which we believe to be reliable but in no way are warranted by us as to accuracy or completeness. We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statements are the opinion of Taglich Brothers, Inc. and are not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in the reports are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from Compliance. All research issued by Taglich Brothers, Inc. is based on public information. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with the company mentioned and was not a manager or co-manager of any offering for the company within the last three years. All research issued by Taglich Brothers, Inc. is based on public information. The company has agreed to pay Taglich Brothers, Inc. a monetary fee of US$1,500 per month for the creation and dissemination of research reports for a minimum of six months after the publication of the initial research report. In October 2011 the company paid an initial monetary engagement fee of US$4,500 to Taglich Brothers, Inc. representing payment for the first three months of such services.

Contact

Richard Oh

Email: press@taglichbrothers.com



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