BPH Energy Limited (ASX:BPH): New Zealand Patent Granted for Brain Anaesthesia Response Monitoring SystemNew Zealand Patent Granted for Brain Anaesthesia Response Monitoring System
Perth, Sep 6, 2011 AEST (ABN Newswire) - Cortical Dynamics Limited ("Cortical"), an investee of BPH Energy Limited (
ASX:BPH), is pleased to announce that a patent relating to its Brain Anaesthesia Response (BAR) monitoring unit has been granted in New Zealand. Currently, Cortical has patents awarded in Australia, New Zealand, the People's Republic of China and the United States. The issued patent entitled 'Brain Function Monitoring and Display Systems', is valid to 06/06/2027. The New Zealand patent number is 573460.
Cortical has developed an extensive patent portfolio encapsulating the BAR monitor providing critical patent protection across a number of key brain monitoring markets.
Cortical's Chairman David Breeze said, "The grant of the patent is strategically important and will add value to Cortical's commercialisation efforts. The grant of the New Zealand patent is a significant addition to Cortical's suite of intellectual property".
Cortical, has applied for admission to the Official List of the Australian Securities Exchange. The Board recently announced that the offer Closing Date has been extended to 5:00pm (WST) on Monday 26 September 2011.
About the BAR Monitor
The BAR monitoring system measures a patient brain electrical activity, electroencephalogram (EEG), to indicate how deeply anaesthetised a patient is during an operation via an adhesive sensor applied to the forehead. The BAR monitor is designed to assist anaesthetists and intensive care staff in ensuring patients do not wake up unexpectedly, as well as reducing the incidence of side effects associated with the anaesthetic.
The BAR monitor improves on currently used EEG monitors by utilising advances in understanding of how the brain's electrical activity is produced, and how it is affected by anaesthetic and sedative drugs. The BAR's unique physiological approach is aimed at independently monitor the hypnotic and analgesic states, a feature no known EEG based anaesthesia monitors are able to achieve. Objectively monitoring of hypnotic and analgesic state will lead to improved anaesthetic and surgical outcomes, by reducing recovery times and minimising drug costs.
About Cortical Dynamics
Cortical Dynamics is a medical technology company that was established in 2004 to commercialise intellectual property relating to brain function monitoring developed by Associate Professor David Liley and his scientific team at Melbourne's Swinburne University of Technology.
About BPH Energy Limited
BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.
The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.
BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.
BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).
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