AngioDynamics Signs Distribution Agreement With HDC Corporation.Business Editors, Health/Medical Writers QUEENSBURY, N.Y.--(BW HealthWire)--March 22, 2000 AngioDynamics, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of E-Z-EM, Inc. (AMEX AMEX See: American Stock Exchange : EZM.A and EZM.B), announced today that it has entered into a distribution agreement with HDC (Hard Disk Controller) See disk controller. HDC - Disk Controller Corporation, a leading manufacturer of vascular access vascular access Clinical medicine The ability to enter the vascular system; the ease with which the vascular system can be entered for administering therapy or obtaining blood for testing products. The HDC vascular access product line consists of implanted medication ports, central venous catheters and peripherally inserted central catheters (PICC's). These catheter-based products are used to deliver chemotherapeutic agents, antibiotics and total parental feeding solutions into the central circulatory system circulatory system, group of organs that transport blood and the substances it carries to and from all parts of the body. The circulatory system can be considered as composed of two parts: the systemic circulation, which serves the body as a whole except for the where they can easily mix with a large volume of blood. Rapidly mixing these drugs in a large volume of blood prevents harm to the vessels. Proper placement of the catheters is important and is a major reason many of these procedures are now being performed by Interventional Radiologists who have both the catheter placement skills and high-resolution fluoroscopy fluoroscopy /flu·o·ros·co·py/ (fldbobr-ros´kah-pe) examination by means of the fluoroscope. fluo·ros·co·py n. Examination by means of a fluoroscope. Also called radioscopy. equipment. Located in the heart of the Silicon Valley, HDC is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation that designs and develops medical devices with a focus on vascular access and regional anesthesia. HDC's products, V-Cath(r), Neuro-Trace(r) Chemo-Port(r) and Chemo-Cath(r), are known by medical practitioners worldwide in terms of quality and ease of use. Through years of research the company has developed a core competency in manufacturing silicon rubber based implanted medical devices. HDC has used this expertise to design products specifically for the Interventional Radiologists. Eamonn P. Hobbs, AngioDynamics President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said: "This strategic alliance with HDC is an important step as our company continues to focus on the needs of our customer, the Interventional Radiologist. It will allow our sales organization to focus on this important procedural need in Interventional Radiology and will free the HDC sales organization to focus on other departments and professionals within the hospital. We have clearly identified vascular access as one of the fastest growing procedures being performed by Interventional Radiologists and believe it may represent nearly 35% of their procedures. The ability to represent HDC's line of high quality vascular access catheters adds yet another critical product line to our product portfolio and complements our recently introduced ABSCESSION(tm) Drainage Catheter, Work*Horse(tm) PTA PTA or parent-teacher association: see parent education. balloon and VISTAFLEX(tm) biliary stent." Carey Bolden, HDC's President and CEO said: "This marketing alliance with a strong Interventional Radiology partner, AngioDynamics, marks a milestone in the company's strategy to build corporate alliances for its flagship products. We clearly believe that strong partnerships exist between the IR and other hospital IV professions who have made the V-Cath a symbol of quality vascular access. This move will continue to fuel the growth we are experiencing by turning our sales focus to the IV Professional and Vascular Surgeon as well as expanding our presence with innovative products in Regional Anesthesia." The statements made in this press release contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the company's expectations. In addition to matters described in this release, future actions by the 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. , results of pending or future clinical trials, as well as the risk factors listed from time to time in the SEC filings of E-Z-EM, Inc. including but not limited to its Form 10-Q for the quarter ended February 26, 2000, as well as its Annual Report on Form 10-K, may affect the actual results achieved by the Company. |
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