Covalon Licenses Intellectual Property from the University of Michigan

 

MISSISSAUGA, ON, Feb. 9, 2016 – Covalon Technologies Ltd. (the “Company” or “Covalon”) (TSXV: COV), an advanced medical technologies company, has announced a licensing agreement with the University of Michigan’s Center for Integrative Research in Critical Care (“MCIRCC”), whereby Covalon has licensed intellectual property from MCIRCC that, when commercialized, could prevent or reduce the occurrence of Ventilator-Associated Pneumonia (“VAP”), a potentially devastating hospital acquired infection, and the most common nosocomial infection in critically ill patients.1

Covalon has commenced the development of a product prototype, based on work performed by Dr. Kevin Ward at MCIRCC and colleagues at Virginia Commonwealth University. This work formed the basis for the patents and intellectual property licensed by Covalon. The commercialized product is expected to be inserted into a ventilated patient’s mouth, regardless of the brand of endotracheal tube or ventilator used, to provide antimicrobial protection against the pathogens commonly associated with VAP.

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