To: Jeffrey L. Henken who wrote (789 ) 1/26/1999 9:22:00 AM From: CIN-CIU-E Read Replies (1) | Respond to of 939
-- American Biomed Receives European Patent for Its Bifurcated Stent Technology -- /FROM PR NEWSWIRE LOS ANGELES 213-626-5500/ TO BUSINESS, MEDICAL AND SCIENCE EDITORS: American Biomed Receives European Patent for Its Bifurcated Stent Technology - For Proprietary Dual Coil, Self-Expanding, Y-Shaped Stent for the Treatment of CardioVascular Disease Targeting an Estimated $2 Billion Market - THE WOODLANDS, Texas, Jan. 26 /PRNewswire/ -- American BioMed, Inc. (OTC Bulletin Board: ABMI), a leading medical device developer and manufacturer of minimally invasive devices for the treatment of cardiovascular disease and proprietary balloon catheters for cardiovascular, urinary and other disorders, today announced the European Patent Office ("EPO") granted the Company Patent No. 06471478 on December 16, 1998 entitled Method and Apparatus for Making a Stent. This patent, when coupled with the company's three U. S. patents covering its stent technology, further enhances the Company's proprietary technologies in this area. The EPO patent covers the Company's dual coil, self-expanding, nitinol bifurcated stent that supports a Y-shaped, juncture of two blood vessels. The Company will be registering the EPO patent in selected European countries during the First Quarter, 1999. Steven B. Rash, President and CEO of American BioMed, stated, "As the Company aggressively continues to protect its extensive patent position, we also are in active discussions with potential strategic partners to accelerate the commercialization of our proprietary stent technologies and to participate in the expanding $2 billion worldwide stent market." American BioMed, Inc. utilizes state-of-the-art technology to develop, manufacture and market minimally invasive medical devices for the treatment of cardiovascular disease. The Company's products include 100% silicone catheters, through its Cathlab subsidiary; the Evert-o-Cath(TM), a toposcopic catheter for site-specific drug delivery and fluid removal, the OmniCath(R), an atherectomy catheter designed to remove atherosclerotic plaque from obstructed blood vessels throughout the body; and the OmniFilter, which is used to prevent blood clots from reaching various organs of the body. The Company has over twenty-five patents and 11 FDA approvals covering its product portfolio, and addresses an annual worldwide market estimated to be in excess of $10 billion. "Safe harbor" statement under the Private Securities Litigation Reform Act of 1995: The statements that are not historical facts contained in the release are forward-looking statements that involve risks and uncertainties including, but not limited to, the results of research and development efforts, the results of pre-clinical and clinical testing, the effect of regulation by the FDA and other agencies, the impact of competitive product development, commercialization and technological difficulties, the results of financing efforts, the effect of the Company's accounting policies, and other risks detailed in the Company's Securities and Exchange Commission filings. SOURCE American BioMed, Inc. /CONTACT: Steven B. Rash, President & CEO of American BioMed, Inc.,281-367-3895; or Stuart Bochler of International Market Advisors,732-591-0520, for American BioMed, Inc./ /Web site: americanbiomed.com Symbols: US;ABMI Source PRN - PR NewsWire Categories: NWR/TX NWI/MTC NWI/HEA