BPH Energy (ASX:BPH) Shares Climb ~68%, Investee Cortical Bags European Patent and Makes New Appointment

  • January 25, 2021 02:00 PM AEDT
  • Kunal Sawhney
    CEO Kunal Sawhney
    2781 Posts

    Kunal Sawhney is founder & CEO at Kalkine and is a richly experienced and accomplished financial professional with a wealth of knowledge in the Australian Equities Market. Kunal obtained a Master of Business Administration degree from University of T...

BPH Energy (ASX:BPH) Shares Climb ~68%, Investee Cortical Bags European Patent and Makes New Appointment


  • BPH Energy Ltd (ASX:BPH) investee Cortical has announced the issuance of the European patent in the United Kingdom, France, Belgium, and Germany.
  • Cortical has also appointed a new member to its Advisory Committee - Mr Jamie Stanistreet.
  • Cortical is actively progressing with the commercialisation of BARM in multiple jurisdictions.
Gold MTF non-AMP

BPH Energy Ltd (ASX:BPH) investee Cortical Dynamics Ltd has recently updated the market on its patent coverage and appointment of the advisory panel.

BPH Energy shares are trading ~68 per cent higher at $0.094 as at 1:50 PM AEDT.

Cortical has declared the issuance of European Patent Number 2088924 “Neurodiagnostic Monitoring and display System” in the United Kingdom, France, Belgium, and Germany. Moreover, the medical device player confirmed the appointment of a new member, Jamie Stanistreet, to its Advisory Committee.

Notably, BPH Energy is the largest shareholder in Cortical and holds a significant 16.1 per cent stake in the latter. Cortical’s industry disruptive brain function monitor competitive advantage has been recognised by prominent world experts in anaesthesia.

Strong Patent Position

Cortical has developed a comprehensive patent portfolio encapsulating the Brain Anaesthesia Response Monitor, providing critical patent protection throughout several key brain monitoring markets. The issuance of European Patent has further strengthened Cortical’s existing patent position, covered by 26 granted patents and six patent families.

At present, the medical device company has patents awarded in the People’s Republic of China, Australia, Europe, New Zealand, Japan, and the United States.

Furthermore, Cortical is actively progressing with the commercialisation of its BAR Monitor. In December 2020, BPH Energy investee secured the approval from the Korean Ministry for Food and Drug Safety (KMFDS) to sell its advanced BARM in the South Korean market.

Advisory Panel Appointment

The newly appointed member to the Advisory Committee, Mr Jamie Stanistreet, will bring extensive experience to Cortical. Mr Stanistreet is an accountant by trade, who holds more than 40 years of experience in the medical device sector.

He was one of the finalists in the CEO Magazine Executive of the year award 2014 – 2015. Besides, he won the Outstanding Achievement Award 2013 inaugurated by the Medical Technology Association of Australia.

Mr Stanistreet has served as Vice Chairman with the Medical Technology Association of Australia for many years and was a member of the APAC leadership team.

Additionally, he worked with the world's largest medical device company, Medtronic, from 2001 to 2018. Medtronic’s focus on medical devices incorporates surgery, brain modulation, cardiology, spine, diabetes, ENT, pain, and stroke. Jamie was the Managing Director and Vice President of Medtronic Aust /NZ during his service at the company. Interestingly, Medtronic’s revenue grew ten-fold under his tenure at the firm, where he managed more than 950 employees.

All in all, Mr Stanistreet’s connections, knowledge and experience will be indispensable to the commercial development of BPH Energy investee Cortical. Moreover, Cortical intends to continue maintaining its intellectual property, drive the development of the BAR Monitor, and concentrate on attaining regulatory approvals for the BARM.

Interesting Read: How BPH Energy’s (ASX:BPH) Investee Advent is Going from Strength to Strength?



The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK