ArthroCare Adds DiamondVac to Arthroscopy Product Line; Device Combines High Volume Suction With Aggressive Ablation.Medical & Health Writers SUNNYVALE, Calif.--(BW HealthWire)--Oct. 18, 2001 ArthroCare Corporation (Nasdaq:ARTC ARTC Arthrocare Corp (stock symbol) ARTC Australian Rail Track Corporation ARTC Air Route Traffic Control ARTC Association de la Recherche Theatrale au Canada ARTC Andean Root and Tuber Crops ) today announced that the company has introduced its most aggressive disposable surgical device for arthroscopy Arthroscopy Definition Arthroscopy is the examination of a joint, specifically, the inside structures. The procedure is performed by inserting a specifically designed illuminated device into the joint through a small incision. . Based on ArthroCare's proprietary Coblation(R) technology and featuring multiple, independent electrodes, the DiamondVac(TM) provides 50 percent more suction capability than the company's highly popular TurboVac90(TM). The DiamondVac rapidly ablates the various types of soft tissue that are routinely encountered in arthroscopic surgery Arthroscopic Surgery Definition Arthroscopic surgery is a procedure to visualize, diagnose, and treat joint problems. The name is derived from the Greek words arthron, which means joint, and skopein, which means to look at. . High volume suction capability provides for improved visibility, delivering nearly "bubble free" performance. The company believes the new DiamondVac device is the highest performance surgical device of this type currently available. The DiamondVac device's four-independent-electrode configuration provides a sufficient surface area for aggressive ablation ablation /ab·la·tion/ (-shun) 1. separation or detachment; extirpation; eradication. 2. removal or destruction, especially by cutting. ab·la·tion n. and incorporates a new approach to suction. A unique "digestor" electrode screen minimizes clogging by disintegrating loose or floating tissue as it is drawn to the electrode, before it enters the suction port. The larger suction channel has been engineered to attract evasive free-floating tissue for easy removal, and to clear bubbles for enhanced surgical precision and visibility. The device's 90 degree angle provides access to a wide range of surfaces from all common arthroscopic portals. ArthroCare also said today that the company will announce financial results for the third quarter of 2001, ended September 29, 2001, on Monday October 29, before the market opens. The company will hold a conference call for the financial community and interested parties at 9:00am Eastern time following the release of results. A live webcast of the conference call will be available online at www.arthrocare.com and on www.ccbn.com, and will remain available on those websites through November 9. A replay of the conference call will also be available by phone at 800-633-8284, reservation number 19900829 through November 9. About ArthroCare ArthroCare's products allow surgeons to operate with a high level of precision and control, limiting damage to surrounding tissue. The company's products operate at lower temperatures than traditional electrosurgical or laser surgery tools and enable surgeons to remove, thermally modify, or sculpt sculpt v. sculpt·ed, sculpt·ing, sculpts v.tr. 1. To sculpture (an object). 2. To shape, mold, or fashion especially with artistry or precision: soft tissue and to seal bleeding vessels. ArthroCare is a medical device company that develops, manufactures and markets products based on its patented Coblation technology. ArthroCare's soft-tissue surgery systems consist of a controller unit and an assortment of single-use disposable devices that are specialized for specific types of surgery. The company believes its Coblation technology can replace the multiple surgical tools traditionally used in soft-tissue surgery with one multi-purpose surgical system. Coblation technology is applicable across many soft-tissue surgical markets. The company's strategy includes applying its patented Coblation technology to a broad range of soft-tissue surgical markets, including arthroscopic surgery, cosmetic surgery cosmetic surgery, plastic surgery for cosmetic purposes, such as the improvement of the appearance of the face by removing wrinkles or reshaping the nose. , ear, nose and throat surgery, spinal surgery, neurosurgery neurosurgery /neu·ro·sur·gery/ (noor´o-sur?jer-e) surgery of the nervous system. neu·ro·sur·ger·y n. Surgery on any part of the nervous system. , general surgery, and various cardiology applications. The company's website is www.arthrocare.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statements Except for historical information, this press release includes forward-looking statements. These statements include, but are not limited to, the company's belief that certain surgical products and procedures will enhance achievement of the company's long term potential, the continued popularity of certain product features, and other statements that involve risks and uncertainties. These risks and uncertainties include, but are not limited to the continued success of the company's arthroscopic product line, competitive risk, and the uncertainty of protecting the company's patent position. These and other risks and uncertainties are detailed from time to time in the company's Securities and Exchange Commission filings, including ArthroCare's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 30, 2000 and the Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2001. Forward-looking statements are indicated by words or phrases such as "anticipates", "estimates", "projects", "believes", "intends", "expects", and similar words and phrases Words and Phrases® A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present. . Actual results may differ materially from management plans. |
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