Cardio Diagnostics Holdings, Inc. Announces the Grant of a Patent in India

Rhea-AI Summary

Cardio Diagnostics Holdings, a pioneering AI-driven precision cardiovascular medicine company, announced that India’s Patent Office has granted a patent to the University of Iowa Research Foundation under patent number 484488. The patent was exclusively licensed to the Company from the University of Iowa Research Foundation and co-invented by Cardio Diagnostics’ founders, Meesha Dogan, Ph.D., and Robert Philibert, MD, Ph.D. The Company’s global patent portfolio includes granted patents in the United States, Europe, India, Australia, China, and Hong Kong, and numerous pending patents worldwide.

Market Research Analyst

The granting of a patent in India for Cardio Diagnostics Holdings, Inc. represents a strategic advancement in the company's intellectual property (IP) portfolio, which is a critical asset in the biotechnology and healthcare sectors. The expansion of their patent coverage to India, a market with a high burden of cardiovascular disease and a burgeoning population, can be a significant growth catalyst. The collaboration with Aimil Ltd. for distribution positions Cardio Diagnostics to capitalize on both the existing healthcare infrastructure and the emerging market opportunities in India.

From a market research perspective, the early onset of heart disease in India and the projected economic losses due to this condition underscore the urgent need for innovative diagnostic solutions. Cardio Diagnostics' patented technology, which involves determining the methylation status of a CpG dinucleotide and a genotype of a single nucleotide polymorphism, could offer a more precise approach to cardiovascular health management. This precision medicine angle is increasingly sought after in global healthcare markets, indicating the potential for increased demand and adoption of their products.

However, challenges such as market penetration, competition from established healthcare companies and the complexities of operating in a diverse market like India must be considered. The success of this expansion will depend on how effectively Cardio Diagnostics can navigate these challenges and leverage its IP to deliver value to both patients and shareholders.

Financial Analyst

The announcement by Cardio Diagnostics Holdings, Inc. of a newly granted patent in India is a positive development for current and potential investors. Patents are a form of intangible asset that can increase a company's valuation by protecting proprietary technology and creating barriers to entry for competitors. The protection of their AI-driven precision cardiovascular medicine technology in a high-growth market like India could lead to significant revenue streams and strengthen their market position.

Investors should monitor the company's performance indicators as they roll out their products in collaboration with Aimil Ltd. The ability to scale solutions and achieve market adoption will be key drivers of financial success. The potential economic impact of cardiovascular disease in India, estimated to exceed $2.5 trillion, suggests a substantial addressable market for Cardio Diagnostics' solutions. If the company can capture even a fraction of this market, it could lead to substantial top-line growth.

It is important to note that while the patent grant is a positive step, the actual financial impact will depend on the execution of market strategies and the effectiveness of the company's solutions in improving health outcomes. Investors should look for continued investment in R&D and strategic partnerships as indicators of the company's commitment to maintaining a competitive edge in the precision medicine space.

Legal Expert

The acquisition of a patent in India for a medical diagnostic kit by Cardio Diagnostics Holdings, Inc. is a significant legal milestone. It not only fortifies their global patent portfolio but also establishes a legal framework for market exclusivity in a country with one of the highest rates of cardiovascular disease. The patent system serves as a foundation for innovation by allowing companies like Cardio Diagnostics to protect their inventions and recover R&D investments.

The exclusive licensing agreement with the University of Iowa Research Foundation for this technology is a testament to the value placed on collaborative research and intellectual property rights. This legal protection provides the company with a competitive edge and can deter potential infringement by competitors, which is particularly important in markets with varying levels of IP enforcement.

Understanding the legal nuances of international patent law and the specific requirements of the Indian patent system is critical for the company to maintain its IP rights and navigate potential challenges. The robustness of the company's IP portfolio, including granted patents across multiple jurisdictions and pending patents, reflects a strategic approach to global IP management that can have long-term positive implications for business growth and sustainability.

The Company’s global patent portfolio includes granted patents in the United States, Europe, India, Australia, China and Hong Kong, and numerous pending patents worldwide

CHICAGO--(BUSINESS WIRE)-- Cardio Diagnostics Holdings, Inc. (Nasdaq: CDIO), a pioneering AI-driven precision cardiovascular medicine company, today announced that India’s Patent Office has granted a patent to the University of Iowa Research Foundation (“UIRF”) under patent number 484488, titled “A Kit for Determining Methylation Status of a CpG Dinucleotide and a Genotype of a Single Nucleotide Polymorphism.”

The patent was exclusively licensed to the Company from the University of Iowa Research Foundation (UIRF). It was co-invented by Cardio Diagnostics’ founders, Meesha Dogan, Ph.D., and Robert Philibert, MD, Ph.D., the Chief Executive Officer and Chief Medical Officer of the Company, respectively.

Heart Disease in India Begins Earlier in Adults
The burden of heart disease in India is substantial and growing, driven by high prevalence rates, significant risk factors, high mortality, and lack of access to specialty cardiology settings. Particularly concerning is the early onset of cardiovascular disease in Indians compared to their western counterparts; Indians are found to develop cardiovascular disease 10-years earlier and during their prime work years. Based on the age at which many Indians are struck with heart disease, the World Economic Forum and Harvard School of Public Health estimate that India’s economic losses related to cardiovascular disease will exceed $2.5 trillion.

By partnering with Indian business leaders to introduce innovative precision-based cardiovascular diagnostic methods and advanced management insights, the Company can help accelerate preventive health initiatives and improve cardiovascular health outcomes in India. This presents a significant opportunity for Cardio Diagnostics to expand its footprint in the world’s fastest growing nation by population.

Expanding Access to Scalable Heart Disease Solutions in India
Cardio Diagnostics recently entered into a Supply and Distribution Agreement with Aimil Ltd., a company at the forefront of the instrumentation industry in India since 1932 with 14 sales and services offices across India. Aimil is a leader in introducing innovative, best-in-class technologies from around the world to their extensive healthcare network throughout India.

"Securing this patent in India is a significant milestone for the company, especially with our ongoing collaboration with Aimil to introduce our solutions in India through Aimil’s extensive healthcare network," said Meesha Dogan Ph.D., CEO and Co-founder of Cardio Diagnostics. "We’re committed to leading the fight against heart disease globally and are excited for the synergies that lie ahead."

Marie Kerbeshian, Ph.D., Executive Director of UIRF, said, "University of Iowa remains steadfast in partnering with companies like Cardio Diagnostics that are dedicated to tackling global healthcare challenges such as heart disease. Cardio Diagnostics exemplifies the transformation of cutting-edge research into Precision Medicine solutions with the potential to impact and save lives worldwide."

The Company’s robust intellectual property portfolio includes granted patents in the United States, Europe, India, China, Australia and Hong Kong, numerous pending patents worldwide, proprietary laboratory assays, proprietary AI-driven Integrated Genetic-Epigenetic Engine, proprietary Risk Intelligence platform (HeartRisk), proprietary AI algorithms of the Epi+Gen CHD and PrecisionCHD clinical tests, and a multitude of other trade secrets. The company remains committed to developing and protecting its innovative technologies that can improve cardiovascular health outcomes for patients globally.

About Cardio Diagnostics
Cardio Diagnostics is an artificial intelligence-powered precision cardiovascular medicine company that makes cardiovascular disease prevention, detection, and management more accessible, personalized, and precise. The Company was formed to further develop and commercialize clinical tests by leveraging a proprietary Artificial Intelligence (AI)-driven Integrated Genetic-Epigenetic Engine (“Core Technology”) for cardiovascular disease to become one of the leading medical technology companies for improving prevention, detection, and treatment of cardiovascular disease. For more information, please visit www.cardiodiagnosticsinc.com.

Forward-Looking Statements
Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. When used in this press release, the words or phrases “will”, "will likely result," "expected to," "will continue," "anticipated," "estimate," "projected," "intend," “goal,” or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, many of which are beyond the control of the Company. Such uncertainties and risks include but are not limited to, our ability to successfully execute our growth strategy, changes in laws or regulations, economic conditions, dependence on management, dilution to stockholders, lack of capital, the effects of rapid growth upon the Company and the ability of management to effectively respond to the growth and demand for products and services of the Company, newly developing technologies, the Company’s ability to compete, regulatory matters, protection of technology, the effects of competition and the ability of the Company to obtain future financing. An extensive list of factors that can affect future results are discussed in the Current Report on Form 10-K for the period ended December 31, 2022 and Forms 10-Q for the periods ended March 31, 2023 and September 30, 2023 under the heading “Risk Factors” in Part I, Item IA thereof, and other documents filed from time to time with the Securities and Exchange Commission. Such factors could materially adversely affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed within this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240108888659/en/

Investors:

Gene Mannheimer

Investor Relations

855-226-9991

investors@cardiodiagnosticsinc.com

Media & Public Relations:

Khullani Abdullahi

855-226-9991

pr@cardiodiagnosticsinc.com

Source: Cardio Diagnostics Holdings, Inc.

FAQ

What patent has been granted to Cardio Diagnostics Holdings, Inc.?

India’s Patent Office has granted a patent to the University of Iowa Research Foundation under patent number 484488, titled “A Kit for Determining Methylation Status of a CpG Dinucleotide and a Genotype of a Single Nucleotide Polymorphism.”

Who are the co-inventors of the granted patent?

The patent was co-invented by Cardio Diagnostics’ founders, Meesha Dogan, Ph.D., and Robert Philibert, MD, Ph.D.

What is the ticker symbol of Cardio Diagnostics Holdings, Inc.?

The ticker symbol is CDIO.

What is the significance of heart disease in India?

The burden of heart disease in India is substantial and growing, driven by high prevalence rates, significant risk factors, high mortality, and lack of access to specialty cardiology settings.

Who did Cardio Diagnostics Holdings recently enter into a Supply and Distribution Agreement with?

Cardio Diagnostics recently entered into a Supply and Distribution Agreement with Aimil Ltd., a company at the forefront of the instrumentation industry in India.

What is the aim of Cardio Diagnostics Holdings in India?

The aim is to accelerate preventive health initiatives and improve cardiovascular health outcomes in India.