Big News out on VCRT: Vicor Technologies Announces Exclusive Distribution Agreement for Its PD2i Analyzer(TM) and First U.S. Physician Sale


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Vicor Technologies, Inc. (OTCBB: VCRT)

Vicor Technologies Announces Exclusive Distribution Agreement for Its
PD2i Analyzer(TM) and First U.S. Physician Sale

Press Release Source: Vicor Technologies, Inc. On
Thursday January 14, 2010, 8:30 am

BOCA RATON, FL–(Marketwire – 01/14/10) – David H. Fater, CEO of Vicor
Technologies, Inc. (OTC.BB: href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=588&L=1016&F=H">VCRT
- href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=588&L=1017&F=H">News),
today announced that the Company has entered into an exclusive
distribution agreement for the PD2i Analyzer(TM) in South Carolina, North
Carolina, and the cities of Savannah and Augusta, Georgia, and sold its
first PD2i Analyzer(TM) to a U.S. physician. Vicor Technologies is a
biotechnology company focused on the commercialization of innovative,
non-invasive medical devices and diagnostics using its patented,
proprietary PD2i(TM) nonlinear algorithm and software to stratify patients
at risk of sudden cardiac death and autonomic nervous system dysfunction,
and trauma victims in need of lifesaving intervention.

VF Medical, LLC ( href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=588&L=1014&F=H">www.vfmedical.com),
a medical products distribution company, will serve as the exclusive
distributor for the PD2i Analyzer(TM) in South Carolina, North Carolina,
and the cities of Savannah and Augusta, Georgia. VF Medical will utilize a
25-person medical products distribution team consisting of agents who have
long-term relationships with cardiologists, electrophysiologists, and
family practice and internal medicine physicians within the designated
territory.

The PD2i Analyzer(TM) was purchased by Dr. S. Granville Vance for his
Dillon Family Medicine clinic, a private, seven-provider family practice in
Dillon, South Carolina. The PD2i Analyzer(TM) measures heart rate
variability, the clinical significance of which is physician determined.
Dr. Vance is also a principal of VF Medical, LLC.

“We are very excited about our agreement with VF Medical — our first
distribution arrangement in the United States — and the sale of the PD2i
Analyzer(TM) to Dr. Vance, which is our first physician consumer revenue,”
stated Mr. Fater. “Dr. Vance has used the PD2i Analyzer(TM) to perform
diagnostics on a portion of his patients and clearly sees the benefit of
using the PD2i Analyzer(TM) to identify problems that might otherwise go
undetected, causing harm to the patient’s health and unnecessary cost to
the healthcare system,” Mr. Fater continued. “Our partnership with VF
Medical and the support of physicians like Dr. Vance represents the first
step in and a model for our staged nationwide roll-out of the PD2i
Analyzer(TM) this year,” Mr. Fater concluded.

“I’m delighted to be the first physician in the U.S. to purchase the
PD2i Analyzer for use in diagnosing patients at Dillon Family Medicine,”
stated Dr. Vance. “The addition of the PD2i Analyzer(TM) to our current
in-house CAT scan, nuclear cardiology lab, x-ray, and endoscopy services
is Dillon Family Medicine’s most recent effort to use the latest
technology to enhance the health and longevity of our patients,” Dr. Vance
concluded.

“Dr. Vance’s purchase and utilization of Vicor’s PD2i Analyzer(TM) is a
significant demonstration of Dillon Family Medicine’s commitment to
improving patient care,” stated Andrew Flynn, VF Medical Operating Manager.
“The VF Medical team will support the physicians in our territory with
helpful materials on the PD2i Analyzer(TM), the rationale for testing,
coding guides, and test analysis,” Mr. Flynn concluded.

About Vicor Technologies, Inc.

Vicor Technologies is a biotechnology company creating innovative
non-invasive diagnostics employing its patented, proprietary point
correlation dimension algorithm (PD2i(TM)). The PD2i(TM) nonlinear
algorithm is a deterministic, nonlinear measure of electrophysiological
potentials that predicts future pathological events with a high degree of
accuracy in target populations.

Vicor currently has three products employing the PD2i(TM) nonlinear
algorithm. The PD2i Analyzer(TM), which has FDA 510(k) marketing clearance,
measures heart rate variability; physicians performing diagnostic tests
with the PD2i Analyzer(TM) are able to receive reimbursement under existing
CPT codes. The PD2i VS(TM) (Vital Sign), in clinical trials under a
collaborative effort with the U.S. Army Institute for Surgical Research
( href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=588&L=1015&F=H">http://www.usaisr.amedd.army.mil/),
risk stratifies combat and civilian trauma victims. The PD2i CA(TM)
(Cardiac Analyzer), in multiple clinical trials, identifies patients at
risk of sudden cardiac death.

Vicor anticipates additional applications employing the PD2i(TM)
nonlinear algorithm to enable early detection and risk stratification for
a variety of other disorders and diseases. Additional information is
available at href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=588&L=1013&F=H">www.vicortech.com.

The appearance of name-brand institutions or products in this media
release does not constitute endorsement by the U.S. Army Medical Research
and Materiel Command, the Department of the Army, Department of Defense or
the U.S. Government of the information, products or services contained
therein.

Caution Regarding Forward-Looking Statements

Forward-looking statements in this press release are based on current
plans and expectations that are subject to uncertainties and risks, which
could cause our future results to differ materially. The following
factors, among others, could cause our actual results to differ: our
ability to obtain FDA approval of the PD2i VS(TM) (Vital Sign) for
military and civilian applications and the PD2i CA(TM)(Cardiac Analyzer),
our ability to continue to receive financing sufficient to continue
operations and complete the critical clinical trials; our ability to
continue as a going concern; our ability to successfully develop products
based on our technologies, included but not limited to our ASP
distribution model for the PD2i Analyzer(TM); our ability to obtain and
maintain adequate levels of third-party reimbursement for our products;
the impact of competitive products and pricing; our ability to receive
regulatory approval for our products; the ability of third-party contract
research organizations to perform preclinical testing and clinical trials
for our technologies; the ability of third-party manufacturers to
manufacture our products; our ability to retain the services of our key
personnel; our ability to market and sell our products successfully; our
ability to protect our intellectual property; product liability; changes
in federal income tax laws and regulations; general market conditions in
the medical device and pharmaceutical industries; and other matters that
are described in Vicor’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2008 and subsequent filings with the Securities and
Exchange Commission. Forward-looking statements in this press release
speak only as of the date of the press release, and we assume no
obligation to update forward-looking statements or the reasons why actual
results could differ.

 

 

width="223" />

Vicor Technologies, Inc. (OTCBB: VCRT)

Introduction

Vicor Technologies, Inc. (OTCBB: VCRT) is in the crucial
transformative stage for a biotechnology company on the verge of becoming
a viable commercial enterprise.

This biotechnology company is focused on the commercialization of
innovative, non-invasive medical devices and diagnostics using its
patented, proprietary PD2i™ nonlinear algorithm and software which
is:

  • Highly accurate
  • Provides user friendly data acquisition
  • Effective for trauma triage easily deployed in a portable
    monitor
  • Provides a simple noninvasive test for identifying patients at risk of
    sudden cardiac death
  • Provides a simple noninvasive test for identifying patients with
    Diabetic Autonomic Neuropathy

width="127" />The PD2i Algorithm and software risk stratifies target
populations to predict future pathological events. As a predictor of
sudden cardiac death it has been shown to be highly accurate, with a
sensitivity approaching 100% and a specificity of ~86%.

The advantage of the PD2i™ nonlinear algorithm is that it
typically uses recordings made at rest and does not require stress-testing
or any active participation from the patient. The test is relatively
impervious to data non-stationarities and artifacts, setting it apart from
other measures with unparalleled sensitivity.

A large physician shareholder base represents the early adoptees of
this Company.

Vicor’s PD2i™ Nonlinear Algorithm is:

  • A new vital sign with the ability to actually save lives in both
    combat and civilian setting
  • The PD2i Analyzer™ can capture and display Heart Rate
    Variability (see defined below) in patients at rest and during paced
    respiration and controlled exercise.
  • Able to identify trauma victims in need of an immediate lifesaving
    intervention
  • Able to be used along with other clinical data to identify patients at
    risk of sudden cardiac death
  • Able to be used along with other clinical data to identify patients
    who have autonomic dysfunction
  • Able to improve trauma triage in real world situations and on the
    battlefield where time is of the essence and the collection of
    ‘clean’ data is never guaranteed
  • Able to provide consistently accurate results which requires just one
    to two minutes of EKG data in a trauma setting
  • Not derailed in delivering actionable results by noisy raw EKG
    data
  • Functional in trauma environments and battlefield situations

 

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