American Medical Systems Completes Acquisition of Ovion; Gynecology Franchise to Expand Further with Office-Based Technology.MINNEAPOLIS -- American Medical Systems Holdings, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMMD AMMD Aerodynamic Mass Median Diameter ) reported today that it has completed its previously announced acquisition of Ovion Inc., a pre-commercialization company that has developed an office-based technology for the delivery of a permanent birth control solution for women. Martin J. Emerson, President and Chief Executive Officer of American Medical Systems, said, "We will build upon our reputation and leadership in the gynecology community by effectively moving the Ovion product through the U.S. regulatory approval process with the goal of achieving FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. clearance by late 2008." About American Medical Systems American Medical Systems, headquartered in Minnetonka, Minnesota is a diversified supplier of medical devices and procedures to cure erectile dysfunction, benign prostatic hyperplasia benign prostatic hyperplasia n. Abbr. BPH A nonmalignant enlargement of the prostate gland commonly occurring in men after the age of 50, and sometimes leading to compression of the urethra and obstruction of the flow of urine. , incontinence, menorrhagia menorrhagia /men·or·rha·gia/ (men?ah-ra´jah) hypermenorrhea. men·or·rha·gia n. See hypermenorrhea. , prolapse prolapse Protrusion of an internal organ out of its normal place, usually of the rectum or uterus outside the body when supporting muscles weaken. The membrane lining the rectum can push out through the anus, most often in old people with constipation who strain during and other pelvic disorders in men and women. These disorders can significantly diminish one's quality of life and profoundly affect social relationships. In recent years, the number of people seeking treatment has increased markedly as a result of longer lives, higher quality-of-life expectations and greater awareness of new treatment alternatives. American Medical Systems' products reduce or eliminate the incapacitating in·ca·pac·i·tate tr.v. in·ca·pac·i·tat·ed, in·ca·pac·i·tat·ing, in·ca·pac·i·tates 1. To deprive of strength or ability; disable. 2. To make legally ineligible; disqualify. effects of these diseases, often through minimally invasive therapies. The Company's products were used to treat over 132,000 patients in 54 countries during 2004. About Ovion Ovion was a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. focused on commercializing a proprietary technology for the in-office delivery of a transcervical permanent birth control solution for women. The Ovion technology allows for the use of a flexible hysteroscope which may minimize patient discomfort during the procedure. For more information regarding Ovion and its technology, please visit their website, www.OvionEclipse.com. Forward Looking Statements Statements about the commercialization of the Ovion sterilization device are forward-looking statements subject to risks and uncertainties including the timing and successful completion of clinical trials; receipt of regulatory approval; and physician acceptance, endorsement, and use of the Ovion sterilization device. Actual results may differ materially from anticipated results. More information about American Medical Systems and its products may be found at its website www.AmericanMedicalSystems.com and in the Company's Annual Report on Form 10-K for 2004 and its other SEC filings. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion