FDAnews Device Daily Bulletin

BIOPHAN ACQUIRES EQUITY STAKE IN MYOTECH TO ACCELERATE COMMERCIALIZATION OF BREAKTHROUGH CARDIAC ASSIST DEVICE TECHNOLOGY

Dec. 6, 2005
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Biophan Technologies, a developer of next-generation biomedical technology, recently announced it has entered into a purchase agreement to acquire a substantial minority interest in Myotech, the developer of the breakthrough, MYO-VAD cardiac assist device. Biophan has the option to acquire additional equity in Myotech, up to a majority ownership position. The transaction will strengthen Biophan's position in the fast growing multi-billion worldwide market opportunity for cardiac assist devices.

Genetic Engineering News (http://www.genengnews.com/news/bnitem.aspx?name=1118649XSL_NEWSML_TO_NEWSML_WEB.xml)