NuGen M.D. to File for Patent Protection in the United States, Europe and China

Rhea-AI Summary

NuGen Medical Devices Inc. (TSXV:NGMD) (OTCQB:NGMDF) announced plans to file for a new patent in the United States, Europe, and China. This patent aims to protect its needle-free injection device's refill design, enhancing safety and usability for insulin delivery. Initially patented in the Netherlands in October 2021, the new coverage targets key markets for insulin therapy. CEO Michael Wright emphasized that integrating the medicine vial into the device simplifies the injection process, benefiting chronic patients who require frequent injections.

Positive

• Filing for patents in major markets (US, Europe, China) enhances competitive advantage.
• The new refill design promises improved safety and usability for users.
• Existing patent in the Netherlands strengthens intellectual property portfolio.

Negative

• None.

TORONTO, ON / ACCESSWIRE / September 29, 2022 / NuGen Medical Devices Inc. (TSXV:NGMD) (OTCQB:NGMDF) ("NuGen'' or the "Company"), a leader in needle-free drug delivery, is pleased to announce that it intends to file for a new patent in the United States, Europe and China.

The patent would protect the refill design mechanism for NuGen's needle-free injection device which allows for the insertion of the medicine vial directly into the device. This technology was patented in the Netherlands under patent ID 2025322 in October 2021 and at such time, the Global Protection under the PCT route was acquired. NuGen will now file for national patent protection for the above-mentioned territories. These territories are important markets for insulin therapy and offer the biggest opportunities for NuGen. The patent protects a technology that allows for the filling of the needle-free syringe (nozzle) directly from the vial that is stored inside the device, greatly enhancing both safety and usability of insulin or other pharmaceutical injections.

"These international patent applications represent the next logical step for our needle-free injection devices as we continue to improve on our innovative technology," said Michael Wright, CEO of NuGen. By including the vial inside the injector, we will reduce the steps required to perform an injection and provide easier useability for the chronic patients that require multiple injections per day.

NuGen was awarded a patent for the refill mechanism and its needle-free syringe cartridge adapter combination design in The Netherlands in October 2021.

About NuGen Medical Devices

NuGen is an emerging specialty medical device company developing the next generation of needle-free technologies and other innovative medical delivery products. The company's products, which include the InsuJet™ and PetJet™ needle-free injection systems, are designed to improve the lives of millions of people and animals. NuGen continues to receive approval in numerous countries, including Canada. NuGen's products are designed for use in several important fields including, but not limited to, diabetes, veterinary medicine, and vaccines.

For More Information visit: www.nugenmd.com
Twitter: @NuGenMD
LinkedIn: https://www.linkedin.com/company/nugenmd/

For further information, please contact:

Michael Wright
President and CEO
NuGen Medical Devices Inc.
mw@nugenmd.com
(833) 285-2666

Investor Relations Contact:
Kin Communications Inc.
NGMD@kincommunications.com
(604) 684-6730
Twitter: @KinComm

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include the Company's 2022 objectives of securing additional distribution and sales agreements, making submissions for regulatory approvals and capitalizing on additional market opportunities. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

SOURCE: NuGen Medical Devices

View source version on accesswire.com:
https://www.accesswire.com/717864/NuGen-MD-to-File-for-Patent-Protection-in-the-United-States-Europe-and-China

FAQ

What is the significance of NuGen's patent filing for NGMDF?

NuGen's patent filing aims to protect its innovative refill mechanism for needle-free injection devices, enhancing market positioning in key regions.

When was the original patent for NuGen's refill design granted?

The original patent for NuGen's refill mechanism was granted in October 2021 in the Netherlands.

How does the new patent affect insulin therapy users?

The new patent design allows insulin users to perform injections more easily and safely, reducing the steps required for medication application.

What are the intended markets for NuGen's patent application?

NuGen intends to file for patent protection in the United States, Europe, and China, which are significant markets for insulin therapy.

What technology does NuGen's needle-free injection device incorporate?

NuGen's needle-free injection device incorporates a mechanism that allows for direct filling from a medicine vial stored within the device.