CVR Medical Adds to Nationally Ranked Clinical Trial Site

DENVER, NC / April 8, 2019 / CVR Medical Corp. (CVM.V) (TSXV: CVM) (OTCQB: CRRVF) (“CVR Medical”) a Canadian listed and US based healthcare company in the medical device sector has received Internal Review Board (IRB) approval to conduct clinical trials for its  “Carotid Stenotic Scan (CSS)” device at the US News and Report Nationally ranked Wake Forest Baptist Health. Wake Forest Neuro Ultrasound Lab at the medical center, based in Winston-Salem, North Carolina, is working with CVR to finalize plans for the study, which will gather comparative clinical and user experience data on the novel device.Under the leadership of Dr. Charles Tegeler, Medical Director of the Neuro Ultrasound lab and Ward A Riley Ultrasound Center Wake Forest Neuro Ultrasound Lab continues to be a world leader in clinical practice, education, and research in neurosonology. This lab provides more than 20 years of experience as an ultrasound reading center for multicenter clinical trials.

The clinical trial will be performed under the direction of Principal Investigator Aarti Sarwal, MD. Dr. Sarwal is an Associate professor of Neurology at Wake Forest Baptist Health Center and is currently the Medical Director of Neurocritical Care Unit. Dr. Sarwal  received her medical training from Government Medical College, Patiala (India), Neurology Residency at University of Missouri, and Neurocritical Care fellowship at Cleveland Clinic, OH. She is a passionate educator and the Co-Director of the Ultrasound Curriculum at Wake Forest School of Medicine. Aarti’s education, research and clinical interests focus on ultrasound applications  in neurology and non-invasive multimodality monitoring in neurocritical care patients. She is also a faculty for several national and international Ultrasound courses and participates in several clinical trials as an ultrasound expert. She is listed by US News and World Report among Best Doctors.

In discussing the upcoming trial, Dr. Sarwal detailed, “Wake Forest School of Medicine is keen to participate in clinical trials that have a potential of providing new diagnostic techniques in medicine. Our participation in this trial to evaluate a new device for carotid stenosis is another part of our commitment towards addressing the burden of cerebrovascular disease in our population.”

CVR Medical Chairman & CEO Peter Bakema states, “Adding a leading research institution such as Wake Forrest, led by a top-notch clinician like Dr. Sarwal, goes a long way to further the clinical awareness of the CSS. It is one thing to build and market a medical device, but the support and understanding of the practitioners on the front line of healthcare is what really matters to us. Their buy-in lets us know that we have designed a tool which can be effectively adopted in the battle with cardiovascular disease.”

About CVR Medical

CVR Medical Corp. is a healthcare company that operates in the medical device industry focused on the commercialization of its disruptive, proprietary Carotid Stenotic Scan (CSS). The CSS device is a diagnostic tool that encompasses subsonic, infrasonic, and low frequency sound wave analysis technology. The CSS is a patented device designed to detect and measure carotid arterial stenosis. CVR is currently in pivotal clinical trials in preparation for its planned submission to the FDA. CVR is led by an experienced and proven team of professionals with extensive healthcare, medical device, international expansion, regulatory and sales experience. CVR Medical trades on the TSX Venture Exchange under the symbol CVM. Additional information regarding the Company can be found in our recent filings with the SEDAR as well as the information maintained on our website at www.cvrmed.com

ON BEHALF OF THE BOARD:
(signed) “Peter Bakema”
CEO, President & Director

Peter Bakema, CEO, President and Director
Email: info@cvrmed.com
or
Marc S. Lubow, Executive Vice President
Email: marclubow@cvrmed.com

 

This press release contains forward-looking information that involves various risks and uncertainties regarding future events related to the Joint Venture and the proposed Financing. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements and are not guarantees of future performance of the Company. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with commercialization of technology and the practice of medicine, (3) a change in health regulations, (4) any number of events or causes which may delay or cease commercialization and development of the Joint Venture, (5) the risk that the Company or the Joint Venture does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, and (8) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
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