Neovasc. has filed a patent for a flow modifying apparatus that includes a radially expandable frame with struts, creating a pressure gradient to modify fluid flow. Claim 1 has been canceled. GlobalData’s report on Neovasc gives a 360-degree view of the company including its patenting strategy. Buy the report here.

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Data Insights Neovasc Inc - Company Profile

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According to GlobalData’s company profile on Neovasc, Prosthetic cardiac valves was a key innovation area identified from patents. Neovasc's grant share as of January 2024 was 49%. Grant share is based on the ratio of number of grants to total number of patents.

Flow modifying apparatus for medical devices

Source: United States Patent and Trademark Office (USPTO). Credit: Neovasc Inc

The patent application (Publication Number: US20230414388A1) describes a flow modifying apparatus designed to alter fluid flow within a vessel. The apparatus consists of a radially expandable frame with a reduced diameter portion that includes a fluid flow passage. When expanded, the end portions of the frame flare outwardly, creating a pressure gradient that modifies fluid flow immediately upon implantation. The apparatus includes a cover that can be made of various materials such as polymer, fabric, or tissue, and is designed to prevent or minimize an inflammatory response by the vessel wall. The apparatus can be self-expanding or balloon expandable, and the cover extends over a portion of the frame to shape the flow of fluid.

Furthermore, the system for delivering the flow modifying implant includes the implant itself and a delivery catheter. The implant can be used to modify fluid flow in vessels, with the cover extending up to the first end of the radially expandable frame. The design of the apparatus allows for precise control over fluid flow, with the pressure gradient being greatest between the first end and the reduced diameter portion. The apparatus can be used in various applications where modifying fluid flow is necessary, providing a versatile solution for medical procedures requiring such interventions.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies