Cardio Diagnostics Holdings, Inc Announces Expansion of IP Portfolio in Australia with Notice of Allowance of Patent Application

Rhea-AI Summary

Cardio Diagnostics Holdings, Inc (Nasdaq: CDIO) has received a Notice of Allowance from Australia’s Patent Office for its Australian Patent Application titled “Compositions and Methods for Detecting Predisposition to Cardiovascular Disease.” The patent was exclusively licensed to the company from the University of Iowa Research Foundation (UIRF). This patent, along with three other granted patents in the U.S., Europe, and China, strengthens Cardio Diagnostics' intellectual property portfolio. The company is dedicated to developing innovative technologies for improving cardiovascular health outcomes globally.

CHICAGO--(BUSINESS WIRE)-- Cardio Diagnostics Holdings, Inc (Nasdaq: CDIO), a pioneer of artificial intelligence-driven precision cardiovascular medicine tests, today announced that Australia’s Patent Office has issued a Notice of Allowance to the University of Iowa Research Foundation (“UIRF”) for Australian Patent Application No. 2017277666, titled “Compositions and Methods for Detecting Predisposition to Cardiovascular Disease.”

The patent was exclusively licensed to the Company from the University of Iowa Research Foundation (UIRF). It was co-invented by Cardio Diagnostics’ founders, Meesha Dogan, Ph.D., and Robert Philibert, MD, Ph.D., the Chief Executive Officer and Chief Medical Officer of the Company, respectively.

"Securing this Australian patent is a significant step forward in enhancing our intellectual property portfolio globally," stated Dr. Dogan. "This solidifies our commitment to delivering vital cardiovascular screening, detecting, and monitoring solutions to patients in Australia and worldwide."

Marie Kerbeshian, Ph.D., Executive Director of UIRF, added, "We are dedicated to supporting pioneering research that can make a real difference to healthcare worldwide. Cardio Diagnostics exemplifies the groundbreaking innovations at the University of Iowa, and we are excited to see their AI-driven solutions prevent heart disease and save lives in Australia and globally."

This Australian patent complements its three other granted patents, in the U.S., Europe, and China, further strengthening Cardio Diagnostics’ robust intellectual property portfolio. The company remains committed to developing and protecting its innovative technologies that can improve cardiovascular health outcomes for patients globally.

About Cardio Diagnostics

Cardio Diagnostics is an artificial intelligence-powered precision cardiovascular medicine company that makes cardiovascular disease prevention, detection, and management more accessible, personalized, and precise. The Company was formed to further develop and commercialize clinical tests by leveraging a proprietary Artificial Intelligence (AI)-driven Integrated Genetic-Epigenetic Engine (“Core Technology”) for cardiovascular disease to become one of the leading medical technology companies for improving prevention, detection, and treatment of cardiovascular disease. For more information, please visit www.cardiodiagnosticsinc.com.

About the University of Iowa Research Foundation:

The University of Iowa Research Foundation is part of the University of Iowa Office of the Vice President for Research, which provides researchers and scholars with resources, guidance, and inspiration to secure funding, collaborate, innovate, and forge frontiers of discovery that benefit everyone. More at http://research.uiowa.edu and on Twitter: @DaretoDiscover.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "should," "believe," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include, without limitation, the Company’s expectations with respect to future performance, development and commercialization of products and services, the potential benefits and impact of the Company’s products and services, potential regulatory approvals, and the size and potential growth of current or future markets for the Company’s products and services. Forward-looking statements are statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. These statements are based on various assumptions, whether or not identified in this press release, and are not intended to serve as, and they must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Factors that may cause such differences include, but are not limited to: the success, cost and timing of the Company’s product development and commercialization activities, including the degree that Epi+Gen CHD™ and PrecisionCHD™ tests are accepted and adopted by patients, healthcare professionals and participants in other key channels; the impact of COVID-19 on the Company’s business; economic conditions, dependence on management, dilution to stockholders, lack of capital, changes in laws or regulations, the effects of rapid growth upon the Company and the ability of management to execute our growth strategy and ability to effectively respond to the growth and demand for products and services of the Company, newly developing technologies, the Company’s ability to compete, regulatory matters, protection of technology, lack of industry standards, the effects of competition and the ability of the Company to obtain future financing. Such factors could materially adversely affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed within this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230802372973/en/

Investors:

Gene Mannheimer

Investor Relations

855-226-9991

investors@cardiodiagnosticsinc.com

Media & Public Relations:

Khullani Abdullahi

pr@cardiodiagnosticsinc.com

Source: Cardio Diagnostics Holdings, Inc

FAQ

What is the company that received the patent?

The company that received the patent is Cardio Diagnostics Holdings, Inc (Nasdaq: CDIO).

What is the title of the patent?

The title of the patent is “Compositions and Methods for Detecting Predisposition to Cardiovascular Disease.”

Who exclusively licensed the patent to Cardio Diagnostics?

The patent was exclusively licensed to Cardio Diagnostics by the University of Iowa Research Foundation (UIRF).

How many granted patents does Cardio Diagnostics currently have?

Cardio Diagnostics currently has four granted patents, including the newly issued Australian patent.

What is the focus of Cardio Diagnostics' innovations?

Cardio Diagnostics is focused on developing innovative technologies to improve cardiovascular health outcomes globally.