Benzinga | Jan 19, 2021 08:40AM EST

Avinger Says 19 New US And International Patents Issued And Allowed in 2020

REDWOOD CITY, CA / ACCESSWIRE / January 19, 2021 / Avinger, Inc. (NASDAQ:AVGR), a commercial-stage medical device company marketing the first and only intravascular image-guided, catheter-based system for diagnosis and treatment of Peripheral Artery Disease (PAD), today provided an update on the expansion of its intellectual property portfolio in 2020.

Avinger announced the issuance and allowance of 10 new patents in the U.S. and 9 new patents in international markets in 2020, including 7 new patents related to its recently introduced Tigereye(tm) image-guided CTO crossing catheter. With the addition of these patents and new filings made during the year, Avinger's intellectual property portfolio now includes 179 patents and pending applications, including 38 issued and allowed patents in the U.S. and 75 issued and allowed patents outside the U.S. The portfolio has broad applicability in the areas of atherectomy, CTO-crossing and intravascular imaging and is applicable to both peripheral and coronary vessels.

"We are introducing new innovations and improvements to our platform as we pursue our mission of radically changing the way vascular disease is treated," commented Jeff Soinski, Avinger's President and CEO. "Our growing intellectual property portfolio evidences the uniqueness of our approach, and provides an important competitive advantage as we market the first and only intravascular OCT-guided therapeutic catheters for the treatment of PAD. In addition to supporting our commercial products, our proprietary technologies provide the foundation for our pipeline products, including our next-generation imaging console, Lightbox 3, which we plan to advance through the regulatory process this year. We are also leveraging our technology platforms for the development of our first coronary applications, which are anticipated to bring the benefits of real-time image guidance to an expanded patient population and unlock significant new revenue growth opportunities for the company."