Total
0
Shares
Anteris Technologies (ASX:AVR) - CEO, Wayne Paterson
CEO, Wayne Paterson
Source: Anteris Technologies
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Structural heart company Anteris Technologies (AVR) has filed a provisional application for a new patent related to its ADAPT technology
  • ADAPT is a BioScaffold that reportedly re-engineers xenograft tissue into a pure collagen scaffold
  • The new patent adds to the current patent family as well as sets new patent protections into the future for the ADAPT process
  • Dubbed ADAPT 2.0, the new patent specifically applies to the sterilisation process that allows the safe transfer of product to manufacture of valves
  • Anteris was down 4.13 per cent and is trading at $12.78 per share.

Structural heart company Anteris Technologies (AVR) has filed a provisional application for a new patent related to its ADAPT technology.

ADAPT is a BioScaffold that reportedly re-engineers xenograft tissue into a pure collagen scaffold.

The new patent adds to the current patent family as well as sets new patent protections for the future of the ADAPT process.

Dubbed ADAPT 2.0, the new patent specifically applies to the sterilisation process that allows the safe transfer of product to the manufacture of valves.

Commenting on this announcement is CEO Wayne Paterson.

“This new process opens up the potential for additional manufacturing sites for the company globally as volumes increase, as well as allowing the company to ramp up valve production (due to the extended shelf life before the manufacturing step),” Mr Paterson said.

“ADAPT 2.0 will allow expanded manufacturing capacity of DurAVR™ at additional sites by starting the process in our Australian facility and completing valve manufacture at our US facility, saving significant time and money in the process.

“This is important as we enter the expanded clinical trial phase and for commercialisation,” he concluded.

Anteris was down 4.13 per cent and is trading at $12.78 per share at 1:15 pm AEDT.

AVR by the numbers
More From The Market Herald
Siren Gold (ASX:SNG) - Chairman, Brian Rodan

" Siren Gold (ASX:SNG) to begin scoping study at NZ gold projects

Siren Gold (ASX:SNG) will undertake a scoping study for underground development at its Big River and…

" Mad Paws (ASX:MPA) reports 199pc growth December-quarter revenue

Pet services marketplace Mad Paws (ASX:MPA) has reported operating revenue for the December quarter of $2…

" Vanadium Resources (ASX:VR8) increases stake in Steelpoortdrift Project

Vanadium Resources (A:VR8) increased its interest to 73.95 per cent in the Tier 1 Steelpoortdrift Vanadium…

" Stanmore (ASX:SMR) awards EPSA Pacific $564m open-cut mining contract

Stanmore Resources (ASX:SMR) has awarded EPSA Pacific a $564 million mining contract at its Isaac Downs…