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11Jun/120

EndoSphere Inc. Receives $1 Million IOLF Award to Advance its Platform of “Next-Generation” Medical Devices

Columbus, OH (PRWEB) April 19, 2012

EndoSphere Inc. today announced that the Innovation Ohio Loan Fund (IOLF) has awarded $ 1 million to support EndoSpheres platform of noninvasive, endoscopically-implantable devices that treat metabolic diseases including obesity and type 2 diabetes.

EndoSphere is certainly the kind of innovator that the IOLF program was created to support, said Christiane Schmenk, Director of the Ohio Department of Development. This award demonstrates the State of Ohios commitment to support innovative technology companies. EndoSpheres pioneering medical technologies have the potential to help millions of people.

The IOLF programs mission is to support next-generation technology innovators within targeted industry sectors. IOLF is a program of the Ohio Third Frontier program, a $ 2.3 billion initiative that stimulates technology-based economic growth through innovation, value chain development, and expansion of a skilled talent pool.

EndoSpheres management team and shareholders are pleased that our company has become recognized as a next-generation technology innovator, Endosphere CEO James T. McKinley said. EndoSpheres broad patent coverage, in combination with the impressive clinical results of its products, offers strong promise for our companys future impact in the rapidly expanding categories of interventional gastroenterology and weight management.

EndoSphere invented the SatiSphere

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