BSD Medical Corp. (BSDM) up 79 cents to 3.94, a nice percentage gain today. The stock did so well it made Harry Boxer's Chart of the Day on The Technical Trader. View the Chart Here.
Wikinvest---BSD Medical Corporation (NASDAQ:BSDM) went up 25.08% to $3.94 on over 3.07 million shares. BSD Medical Corporation develops, manufactures, markets and services medical systems that deliver precision-focused radio frequency (RF) or microwave energy into diseased sites of the body, heating them to specified temperatures as required by a variety of medical therapies.
So far, the market capitalization of the stock stands at $103.14 million and average daily volume of the stock is 1.29 million shares. Today, the stock made its fresh 52-week high of $4.08.
September 29, 2010 09:00 AM Eastern Daylight Time
BSD Medical Obtains Patent on Innovative Design for Heat Therapy Devices
SALT LAKE CITY--(BUSINESS WIRE)--BSD Medical Corporation (NASDAQ: BSDM) (the “Company” or “BSD”) announced today that a patent has been issued to the Company for a new class of heat therapy applicators (antennas). The United States (US) patent office issued the new patent, “Transparent electromagnetic applicator and hyperthermia treatment method,” to BSD for a unique design for antennas that provides significant benefits for heat therapy applications. These novel antennas have a transparent surface, which provides the significant advantage of allowing the physician to see the skin surface through the contacting antenna during a treatment.
The unique design also utilizes a significantly smaller antenna that can be combined in groups to utilize BSD’s synchronous phased array technology, which was developed by the Company to improve the delivery of heat therapy by directly targeting heating to the tumor. There are five different antenna types and sizes that are part of this new class of antenna, which allows BSD to combine up to 24 antennas into a single applicator and utilize sophisticated heating pattern steering to shape the energy field to the individual tumor. BSD has been designing heat therapy systems for 32 years and has obtained several pioneering patents for the devices, techniques and methodology used in heat therapy.
“The issuance of this patent significantly strengthens BSD’s intellectual property and position in the marketplace for heat therapy equipment,” said Paul F. Turner, Chief Technology Officer and Sr. VP at BSD. “We are proud to be able to offer another new industry leading device to the heat therapy community. BSD has been in the forefront in developing innovative technology for heat therapy applications, and we are continuing to aggressively bolster our intellectual property. There are currently five US pending patents relating to the ablation field and six US pending patents related to the hyperthermia field. When issued, these patents will be a significant addition to the extensive intellectual property already developed by BSD.”
About BSD Medical Corporation
BSD Medical Corporation develops, manufactures, markets and services systems to treat cancer and benign diseases using heat therapy delivered using focused radiofrequency (RF) and microwave energy. BSD’s product lines include both hyperthermia and ablation treatment systems. BSD’s hyperthermia cancer treatment systems, which have been in use for several years in the United States, Europe and Asia, are used to treat certain tumors with heat (hyperthermia) while increasing the effectiveness of other therapies such as radiation therapy. BSD’s microwave ablation system has been developed as a stand-alone therapy to employ precision-guided microwave energy to ablate (destroy) soft tissue. The Company has developed extensive intellectual property, multiple products in the market and well established distribution in the United States, Europe and Asia. Certain of the Company’s products have received regulatory approvals and clearances in the United States, Europe and China. For further information visit BSD Medical's website at BSDMedical.com.
- BSD Medical Obtains Patent on Innovative Design for Heat Therapy Devices (eon.businesswire.com)
- BSD Medical Reports Published Article Documents Rationale for Increased Use of Hyperthermia (eon.businesswire.com)
- BSD Medical Reports Publication of Article on BSD's Pioneering Technology to Improve Heat Therapy (eon.businesswire.com)
- BSD Medical's China Distributor Orders Two BSD-2000 Hyperthermia Systems (eon.businesswire.com)
- Shares of BSD Medical (BSDM) Soar On FDA Approval (wallstreetpit.com)
Disclosure: LONG: BSDM