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Edited for Send2Press by Carly Zander


Biophan Moves Closer to MRI Imaging Market

RENO, NV - January 20, 2004 /Send2Press Newswire/ -- AXcess News (www.theaxcess.net) announced today that they have released a story covering Biophan Technologies, Inc. (OTC BB: BIPH) commercialization of its biomedical technology in developing temporary and implantable pacemakers.

The pacemaker field, a $4 billion dollar market, is dominated by three primary players; Medtronic (MDT), Guidant (GDT) and St. Jude Medical (STJ), making it tough for a small business like Biophan to compete. But the development stage biomedical technology company isn't alone.

On November 5, 2003, Biophan entered into a joint development agreement with Boston Scientific Corporation (BSX). According to a brief announcement put out by Biophan the joint development agreement seeks to resolve problems caused by the interference of metal objects, including those in some medical devices, with MRI technology.

On Friday, Biophan released an announcement about extending its license rights from Nanoset LLC that dealt with coating technologies. Technologies that could be used by a large, international medical device manufacturing and marketing company looking for an edge to get in on the $4 billion dollar a year pacemaker business.

Biophan's move in extending those license rights may have jockeyed the company into a better negotiating position with Boston Scientific.

Michael Weiner, chief executive officer of Biophan said, "It should be clear that Biophan is continuing to successfully implement its strategic plan of creating a very substantial and diversified biomedical portfolio."

Weiner also pointed out that his company's balance sheet was flush with cash from a recent financing, enough he warranted to carry the development stage biomedical technology company through to market.

To read that story, go to http://www.theaxcess.net

axcess logo (c) About AXcess News
Dubbed the "Yahoo! of small cap business news" by Gordon Borrell, one of America's leading media and research gurus, AXcess News is fast becoming a known commodity for both the serious investor and people in general looking for informed articles and insightful columns that appeal to a broad spectrum of readers.



• Previous News from AXcess News



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