South Dakota Patent of the Month – April 2021
Plaque is made of fat, cholesterol, and calcium among other substances. Vascular plaque can build up in the arteries, hardening over time, and blocking blood flow. Atheromatous plaque is a special vascular plaque that builds up within the inner layer of the arterial wall. Certain treatment methods, like angioplasty, use an inflatable balloon dilation catheter to expand space within the arteries so that a stent may be placed to hold the position. Unfortunately, high incidence of in-stent restenosis (ISR) is common – which is where the part of the artery with a stent gets blocked. This could lead to fatal blood clots. Alumend, LLC. has developed a compound which can help to soften the calcified plaque and improve vascular compliance overall.
The compound , made of 4-amino-1,8-naphthalimide, is delivered through a blood vessel. An activating agent follows in order to activate the composition. Based on recent research on wall shear stress(WSS) in blood vessels, Alumend began working on the idea that WSS could be a key factor in restenosis following angioplasty. Alumend’s composition penetrates both laque and vascular tissues, and softens the plaque. This softened plaque responds better to the angioplasty treatment as the WSS has been reduced. Further, the softened plaque responds so well to angioplasty that a stent is not needed. The inflatable balloon expands the arterial space, and the compound promotes a healthy WSS level. This improved environment helps to retain this new arterial space going forward and removes the need for potentially dangerous implants..
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
Are you eligible?
Why choose us?
Pass an Audit?
What is the R&D Tax Credit?
The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.
Never miss a deadline again
Stay up to date on IRS processes
Discover R&D in your industry
R&D Tax Credit Preparation Services
Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed provides state and federal R&D tax credit preparation and audit services to all 50 states.
If you have any questions or need further assistance, please call or email our CEO, Damian Smyth on (800) 986-4725.
Feel free to book a quick teleconference with one of our national R&D tax credit specialists at a time that is convenient for you.
R&D Tax Credit Audit Advisory Services
creditARMOR is a sophisticated R&D tax credit insurance and AI-driven risk management platform. It mitigates audit exposure by covering defense expenses, including CPA, tax attorney, and specialist consultant fees—delivering robust, compliant support for R&D credit claims. Click here for more information about R&D tax credit management and implementation.
Our Fees
Swanson Reed offers R&D tax credit preparation and audit services at our hourly rates of between $195 – $395 per hour. We are also able offer fixed fees and success fees in special circumstances. Learn more at https://www.swansonreed.com/about-us/research-tax-credit-consulting/our-fees/
Choose your state
