Oklahoma Patent of the Month – March 2021
Congestive heart failure is a global health problem. Current treatments use pharmaceuticals and implants to try and regulate blood flow. Automatic internal defibrillators and advanced pacing devices are common methods but they just provide palliative care and do not cure the problem. Other clinical trial stage treatments involve invasive surgeries which may be too intense for end-stage patients. VADovations has developed a heart assist device that will reduce the need for large incisions as well as induced cardiac arrest.
VADovations’ heart assist device directs and pumps blood through the heart. A pump housing is configured with a rotor placed internally. A set of rotor magnets and stator create enough electrical current to torque the rotor and allow rotation. As the rotor is rotated, a second component – the impeller – draws blood flow into the heart. It is directed along the length of the device into a cannula where it continues on it’s circulatory pathway. The device is designed to be inserted with a minimally invasive procedure and does not require the heart to be stopped and restarted. This brings therapeutic ventricular assistance to a wider audience of patients.
Are you developing new technology? 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.
