LOS ANGELES, Aug. 31, 2005 (PRIMEZONE) -- BiomedDiscoveries.com, http://www.BiomedDiscoveries.com, the online source for exclusive investor information in the biotechnology sector, has announced the online availability of an audio interview with Dr. Tom Troczynski, Professor of Ceramics at The University of British Columbia and Vice President of Coatings at MIV Therapeutics (OTCBB:MIVT), a developer of next-generation biocompatible coatings and drug delivery technologies.
Dr. Troczynski's lifetime dedication to the materials and bio-ceramics field has focused on the development of biocompatible hydroxyapatite (HAp) coatings for metallic substrates, such as medical devices, implants and stents. Dr. Troczynski is a Professor of Metals and Materials Engineering at The University of British Columbia in the Department of Metals and Materials Engineering. He has published many articles in journals and other publications, as well as filed a number of patents. Dr. Troczynski is a world-class expert in ceramic technologies; he is a frequent speaker at international symposia and scientific forums, and a recognized authority in his field.
In the audio interview, Dr. Troczynski discusses MIVT's recent recognition by Frost & Sullivan, a widely respected global independent research and growth consulting firm, with the annual Technology Innovation Award, along with detailed information regarding MIVT's proprietary biocompatible coating technologies. "Hydroxyapatite coatings are the next-generation for the medical industry," said Dr. Troczynski. "Since it is a naturally occurring substance in everyone, many are recognizing that it is the wave of the future for stents and implantable medical devices."
Dr. Troczynski also discusses MIVT's upcoming research and medical milestones for the coming six months, including important animal studies of the Company's novel biocompatible and drug-eluting coatings for vascular stents and other medical devices. "We have a very detailed R & D program and we do have some very important milestones. We're going through a series of animal studies; we've finished several series so far. We're moving towards a new series of studies, potentially large trial studies which will be completed sometime in Spring 2006. The next step is to go into human trials."
The streaming audio interview can be accessed at http://www.BiomedDiscoveries.com. Registration to listen to the interview is free.
About MIV Therapeutics, Inc.
MIV Therapeutics Inc. is developing a next-generation line of advanced biocompatible coatings for passive and drug-eluting application on cardiovascular stents and for application on other implantable medical devices. The Company's ultra-thin coating formulation is designed primarily to protect surrounding tissue from the chemical interaction with metal stents. The Company's unique ultra-thin coating has been derived from a biocompatible material called Hydroxyapatite (HAp) that during in-vivo animal trials demonstrated excellent safety and superior healing properties pursued by the science in the field of advanced implantable drug delivery systems. Hydroxyapatite is a bioactive porous material that makes up the bone mineral and matrix of teeth. It is widely used as a bone substitute material and for coating implantable fixation devices in orthopedic, dental and other applications. The Company's novel drug eluting technologies based on Hydroxyapatite provide attractive alternative solutions to polymer-based drug eluting coatings, currently in the stent market. The Company's drug eluting coating is designed to suit a broad range of implantable medical devices which may benefit from a highly customizable drug release profile. MIVT reached a Collaborative Research Agreement (CRA) with the University of British Columbia and supported a research and development grant from the Natural Sciences and Engineering Research Council of Canada (NSERC) in 2002 for the development of Hydroxyapatite as a drug eluting coating. In December 2004, MIVT received a Government grant for the research program titled "Development of Novel Drug Eluting Composite Coatings for Cardiovascular Stents" under the National Research Council -- Industrial Research Assistance Program (NRC-IRAP). Under this sponsorship, the Company will progress to the development stage, which is expected to finalize the drug-eluting research and development Program. For more information, please visit http://www.trilogy-capital.com/tcp/mivt/website.html. To read or download MIV Therapeutics' Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/mivt/factsheet.html. To obtain daily and historical Company stock quote data, and recent Company news releases, visit http://www.trilogy-capital.com/tcp/html/mivt.htm.
About BiomedDiscoveries.com
BiomedDiscoveries.com provides exclusive commentary, research, interviews and other information focused on biotechnology-related companies and developments in the smallcap investment marketplace. BiomedDiscoveries.com strives to provide investors with information and research-based data regarding important individual companies and overall marketplace trends. Resources available on BiomedDiscoveries.com include audio interviews with corporate leaders and respected commentators, as well as technical white papers and other forms of market and investment analysis. It is located at http://www.BiomedDiscoveries.com.
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Compensation and Other Disclosures
BiomedDiscoveries.com is a wholly owned subsidiary of Trilogy Capital Partners, Inc. Trilogy Capital Partners provides investor relations services to public companies. The companies presented by BiomedDiscoveries.com are usually clients of Trilogy Capital Partners and compensate Trilogy Capital Partners for these services, including cash compensation and equity securities. In addition, Trilogy Capital Partners and its affiliates may own securities of the presenting companies, and may from time to time purchase and sell securities of these companies in the open market or in private transactions. Trilogy receives compensation from MIV Therapeutics of $10,000 per month through November 2005 and thereafter for so long as Trilogy is retained to provide investor relations services. Trilogy has non-transferable warrants from this company to purchase 2,720,000 shares of common stock for $0.26 per share and expiring in November 2007, provided that Trilogy may not exercise the warrants to the extent that following such exercise Trilogy would beneficially own 5% or more or the outstanding common stock of this company.