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Author Topic: CYBX Licenses Obesity-Related Patents  (Read 4105 times)
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Birdbomb
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« on: December 18, 2007, 03:32:58 AM »

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Cyberonics Licenses Obesity-Related Patents
Tuesday December 18, 9:00 am ET


HOUSTON, Dec. 18 /PRNewswire-FirstCall/ -- Cyberonics, Inc. (Nasdaq: CYBX - News) announced that effective December 18, 2007, the company has entered into an agreement with Ethicon Endo-Surgery granting exclusive rights to the company's patents and patent applications pertaining to vagus nerve stimulation (VNS) for the treatment of obesity and two related co-morbidities, diabetes and hypertension, in overweight patients.
 
Ethicon Endo-Surgery has agreed to pay Cyberonics a signing fee of $9.5 million and royalties on commercial sales of products covered by the subject patents.

"This agreement advances our mission to improve the lives of people affected by chronic neurological disorders," commented Dan Moore, Cyberonics' President and Chief Executive Officer. "Out-licensing our obesity-related patents permits us to obtain value from these assets while we continue to focus on our other strategic objectives -- achieving positive cash flow and profitability, growing our core epilepsy business, and appropriately developing our treatment-resistant depression business -- and provides an opportunity for a device leader in the obesity space to utilize Cyberonics' assets in developing weight reduction solutions."

More than 46,000 patients worldwide have benefited from VNS Therapy during the past 10 years.[/size]
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"If you are going through hell, keep going." (Sir Winston Churchill, 1874-1965)
VNS implanted Sept 02, turned off Dec 04, Generator ex-planted Nov 07
Electrodes are in me for LIFE!
Birdbomb
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« Reply #1 on: January 22, 2008, 12:22:48 PM »



This device may knock the VNS out of the Obesity market! EnteroMedics


I have searched over the site and found it very promising.  The electrodes are attached on the vagus nerve along the anterior (front) and posterior (back) of the esophagus before they branch out from the esophagus to the stomach instead of the NECK.




Trials


 
Logged

"If you are going through hell, keep going." (Sir Winston Churchill, 1874-1965)
VNS implanted Sept 02, turned off Dec 04, Generator ex-planted Nov 07
Electrodes are in me for LIFE!
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