Vycor Medical Inc. Launches New Extension Arm for Its Patented ViewSite Brain Access System (VBAS)
Published: Apr 15, 2013
BOCA RATON, FL--(Marketwired - April 15, 2013) - Vycor Medical, Inc. ("Vycor") (OTCBB: VYCO) announced today that it has finalized the production and the U.S. commercial launch of an extension arm for its existing ViewSite™ Brain Access System ("VBAS") product range. It is currently anticipated that the extension arm will be available in Europe by the end of April.
VBAS is a suite of clear cylindrical disposable devices which provide neurosurgeons a stable, minimally invasive working channel to access targeted sites within the brain, such as tumors. The "blade retractor" has been the standard of care device for brain access and retraction for more than 50 years. VBAS is now approved in over 100 hospitals in the U.S. and the number continues to grow. To date, more than 4,000 surgeries have been performed utilizing VBAS.
As part of Vycor's strategy to drive growth in the use of its existing VBAS product range, the Company is developing ancillary products that would facilitate its use. To this end, the Company has launched in the U.S. the new extension arm (a non-disposable accessory to the existing VBAS product) which connects to the protruding tab of the VBAS working channel. This attachment arm gives the surgeon more space to operate as well as the ability to have the VBAS flush with the corticotomy. It is compatible with most arms that come off the halo and will provide additional functionality with most image-guided systems by providing a connection point for the tracker of the IGS. This device is a re-usable ancillary product that will be sold separately to hospitals.
"We are very excited by the availability of the new VBAS Extension Arm which we believe will help drive our VBAS sales and help it become the de-facto new Standard of Care when it comes to brain access and retraction. Prior to the introduction of any new complementary VBAS devices, our existing VBAS product range already address approximately 200,000 annual applicable procedures in the U.S. alone, and we anticipate this new extension arm will further help drive the product's adoption," stated David Cantor, Vycor's President.
About Vycor Medical, Inc.
With corporate headquarters in Boca Raton, FL, Vycor Medical, Inc. ("Vycor") is a publicly traded company (OTCBB: VYCO) dedicated to providing the medical community with innovative and superior surgical and therapeutic solutions and has a growing portfolio of FDA-approved medical solutions that are changing and improving lives every day. The Company operates two business units: Vycor Medical and NovaVision, both of which adopt a minimally or non-invasive approach. Both technologies have exceptional sales growth potential, address large potential markets, have the requisite regulatory approvals and are commercialized and generating revenue. The Company has a strong patent portfolio with 32 granted patents and a further 23 patents pending.
Vycor Medical's flagship, ViewSite™ Surgical Access Systems (VBAS) is a suite of clear cylindrical minimally invasive disposable devices that hold the potential for speedier, safer and more economical brain surgeries and a quicker patient discharge. VBAS is designed to optimize neurosurgical site access, reduce patient risk, accelerate recovery and add tangible value to the professional medical community. Vycor Medical is ISO 13485:2003 compliant, has FDA 510(K) clearance for VBAS for brain and spine surgeries and regulatory approvals for brain surgeries in Australia, Canada, China, Europe, Japan, Korea and Russia. For an overview of Vycor Medical's VBAS see http://player.vimeo.com/video/39766887
NovaVision develops and provides science-driven neurostimulation therapy and other medical technologies that help improve and partially restore sight in patients with neurological vision impairments. The company's proprietary Visual Restoration Therapy® (VRT) platform is clinically supported to improve lost vision resulting from stroke, traumatic brain injury ("TBI"), or other acquired brain injuries. VRT is the only FDA 510K cleared medical device in the U.S. aimed at the restoration of vision for neurologically induced vision loss and can be prescribed by any ophthalmologist, optometrist, neurologist or physiatrist. VRT also has CE Marking for the EU. NovaVision also provides Neuro-Eye Therapy (NeET) in the EU, aimed at increasing visual sensitivity deep within the field defect. NovaVision also provides a fully portable and ADA-compliant Head Mounted Perimeter (HMP™) which aids in the detection and measurement of visual field deficits. For an overview of NovaVision see http://player.vimeo.com/video/39765566
Safe Harbor Statement
Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause Vycor Medical's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in Vycor Medical's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Vycor Medical herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Vycor Medical disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
Vycor Medical, Inc Investor Contacts:
The Del Mar Consulting Group, Inc.
Robert B. Prag
Alex Partners, LLC