Oct 1 2009
David H. Fater, CEO of Vicor Technologies, Inc. (/exchange>OTCBB/exchange>>/>: VCRT), today announced that on July 23, 2009, the Australian Patent Office issued it a Deed of Letters Patent for its altered state physiology drug development platform. Vicor Technologies is a biotechnology company focused on the commercialization of innovative, non-invasive medical devices and diagnostics using its patented, proprietary PD2i® nonlinear algorithm and software to stratify patients at risk of sudden cardiac death and trauma victims in need of lifesaving intervention. Vicor also has filed several patents associated with the development of peptides and proteins derived from "state-dependent" physiologies to advance the treatment of a wide variety of human conditions.
The Australian Deed of Letters Patent (#2003209030) is valid through February 5, 2023 (20 years from the filing date). Vicor's altered state physiology drug development platform is based on the clinical peptides and proteins derived from "state-dependent" physiologies. This platform may be used to advance the treatment of an array of human conditions, including stroke ischemia, cardiac ischemia, kidney failure, hypertension, obesity, cancer, and organ transplant/preservation, by reducing the cost, time, and risk associated with bringing related pharmaceuticals to market.
"This is the third international patent we've received for our drug development platform in its entirety and we're hopeful that we'll receive notice from the U.S. patent office no later than the first quarter of 2010," stated Mr. Fater. "We believe our drug development platform has significant advantages over the drug development process currently in use, which focuses on the time- and cost-intensive testing of compounds on nerve receptors and genes. Additionally, as these peptides and proteins are naturally occurring in mammals, there is a high probability of non-toxicity; toxicity is a significant issue in the current testing process," Mr. Fater concluded.
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SOURCE: Vicor Technologies, Inc.