March 21, 2019 / 1:39 PM / a year ago

BUZZ-Neovasc: Jumps on patent win in German court

** Neovasc’s US-listed shares jump ~15 pct, with trading vols about 1.9x their 10-day moving avg

** Co says German court dismisses case brought by Edwards Lifesciences CardiAQ LLC regarding an European patent for Tiara, Neovasc’s device to treat mitral valve disease

** Co says CardiAQ pulled appeal for full ownership rights to patent and the appeals court dismisses remainder of case

** Co says court found Neovasc is rightful inventor and owner of all rights to the disputed Tiara European patent

** NVCN shares cut YTD losses to ~12 pct; they were down ~24 pct YTD as of Weds, after recent slides following a stock deal (Reporting by Savio D’Souza)

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