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VISICU Patent Re-Examination Certificate Issued and New Patent Granted
Wednesday, October 31, 2007
U.S. Patent and Trademark Office Reaffirms VISICU’s Revolutionary eICU® Program
Baltimore, MD -- VISICU, Inc., (Nasdaq: EICU), a healthcare information technology and clinical solutions company focused on critical care, announced today two important developments regarding its intellectual property portfolio.
First, the US Patent and Trademark Office (USPTO) today issued a reexamination certificate allowing all 26 amended claims of the VISICU patent. This patent describes a system and method for providing continuous, expert network critical care services from a remote location(s) which has demonstrated dramatic success in reducing hospital mortality rates and length of stays for the sickest patients. The issuance of the reexamination certificate allowing all 26 amended claims of VISICU’s eICU system patent brings to a conclusion the reexamination proceedings that were pending in the USPTO since October 2006.
Second, VISICU was granted a new patent on August 14, 2007 "A Telecommunication Network for Remote Patient Monitoring" (US Pat. No. 7,256,708) that further enhances VISICU’s intellectual property and extends the reach of its e-technology solution.
"We are very pleased that the reexamination proceedings have been brought to a successful conclusion. We believe that the reexamination certificate and the issuance of the new ‘708 patent should eliminate any doubts that these USPTO proceedings may have raised about VISICU’s technological leadership," said Frank Sample, chairman and CEO of VISICU. "These patents are recognition of the novel technology pioneered by VISICU, which is now used by many hospitals in saving lives and managing limited resources. The combination of these events clears the way for us to aggressively defend our intellectual property."
VISICU, Inc. (Nasdaq: EICU) is a healthcare information technology and clinical solutions company focused on transforming the delivery of critical care through its eICU® Program. Through remote monitoring technology and clinical intelligence, experienced critical care resources are leveraged to provide coverage and early intervention for safer, more effective patient care. Currently more than 180 hospitals serving over 250,000 patients annually have partnered with VISICU to implement eICU programs. More information is available at www.VISICU.com. VISICU® and eICU® are registered trademarks of VISICU, Inc. All rights reserved. All other brand names, product names, company names, trademarks and service marks are the property of their respective owners.
Safe Harbor Statement
This release contains forward-looking statements that are made pursuant to the provisions of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve a number of risks and uncertainties. Investors are cautioned that statements in this release that are not strictly historical statements constitute forward-looking statements. It is important to note that the company’s performance, and actual results, financial condition or business could differ materially from those expressed in the forward-looking statements. The words "may", "could", "would", "should", "outlook", "positions us", "guidance", "expects", "estimates", "intends", "plans", "projects", "anticipates", "believes", "predicts", "potential" or the negative of these words, variations thereof or similar expressions are intended to identify such forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could materially affect actual results, levels of activity, performance or achievements. Factors that could cause results to differ materially from current expectations include, but are not limited to: market acceptance of our principal product offering and any new product releases; the price, performance and reliability of our products and services; our ability to attract and retain new customers and renewal rates of our existing customers; unanticipated delays or problems in releasing new products and services; financial and budget constraints of hospitals, changes in our pricing practices or our competitors’ pricing practices and changes in the healthcare industry; the introduction or availability of competing products or services and other competitive factors; and changes in the government regulation of our products and services. Additional discussion of these and other factors affecting the company’s business is contained in the company’s periodic filings with the Securities and Exchange Commission. The company undertakes no obligation to update forward-looking statements to reflect changed assumptions the occurrence of unanticipated events or changes in future operating results, financial condition or business over time.
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