In an Aug. 14 press release, medical device company Nu-Med Plus Inc. (NUMD:OTC.MKTS) explained why it believes a recently invalidated patent, which created a monopoly in the market for medical nitric oxide, has "created a very favorable market environment for [its] nitric oxide delivery products."
The company explained that a ruling issued in a federal circuit court in May has "invalidated the majority of a patent for a dominant nitric oxide producer," enabling other medical gas providers to enter the nitric oxide market. With this expansion, "we are ideally positioned to partner with them to sell our delivery systems with their gases," Nu-Med Plus CEO Jeff Robins stated. "The result is a win-win situation for patients and business. As activity in the medical nitric oxide market increases, treatment costs will go down."
Nu-Med Plus is focused on development of "medical applications of newly developed technologies," including delivery equipment for inhaled nitric oxide gas used in the treatment of neonatal hypoxia and pulmonary conditions such as chronic obstructive pulmonary disease (COPD). The company is also investigating "future applications for a variety of other diseases and complications," and maintains its systems offer "portability, a new level of precision [and a] cost-effective method for administrating exacting therapeutic quantities of nitric oxide to patients for a variety of treatments."
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