August 25, 2008
AngioScore Submits Citizen Petition Requesting FDA Action to Deny Patent Term Extension Based on Abbott Angioplasty Catheter
AngioScore, Inc., a developer of novel angioplasty catheters for use in the treatment of cardiovascular disease, today announced that it has submitted a Citizen Petition with the U.S. Food and Drug Administration (FDA) requesting the Agency's action to deny a Patent Term Extension (PTE) request for a patent covering rapid exchange angioplasty catheters made by Abbott Laboratories (NYSE:ABT).
AngioScore's petition argues that Abbott's PTE request is fatally flawed in several key areas and that granting the PTE would subvert the key principles for which Congress created the Hatch-Waxman Act, which is the basis for the PTE request.
A copy of the Citizen Petition docket may be found at the following link: http://www.regulations.gov/fdmspublic/component/main?main=DocketDetail &d=FDA-2008-P-0473 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
AngioScore, Inc (www.angioscore.com) is a privately funded endovascular company located in Fremont, California. AngioScore can be contacted at (510) 933-7900 or [email protected]
Note: This press release contains forward-looking statements that are based upon management's current expectations and are inherently uncertain. Actual results and timing of events could differ materially from current expectations and forward-looking statements.