ArthroCare Introduces Surgical Device for Arthroscopic Hip Procedures; New Design May Increase Market For Arthroscopy Procedures.Business Editors & Health/Medical Writers SUNNYVALE, Calif.--(BW HealthWire)--March 15, 2000 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 launched the MultiVac(TM) XL ArthroWand(R), designed to facilitate arthroscopic hip procedures. Approximately 100,000 arthroscopic hip procedures are performed annually and, until now, few products have been available to specifically address this surgical market. The company believes the MultiVac XL disposable device can increase the number of arthroscopic hip procedures performed because it improves access, flexibility and visibility for surgeons as well as potentially improves patient outcomes. The MultiVac XL device is an addition to the company's popular 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. Surgical System and offers the same advantages of precise soft-tissue ablation ablation /ab·la·tion/ (-shun) 1. separation or detachment; extirpation; eradication. 2. removal or destruction, especially by cutting. ab·la·tion n. at low temperatures as all of the company's Coblation(R)-based products; a high level of controlled sculpting sculpting Cosmetic surgery The surgical reshaping of a tissue. See Deep tissue sculpting, Facial sculpting. of tissue, with minimal pain and potentially faster recovery for the patient than with conventional surgical therapies. The device sports a longer shaft than ArthroCare's other surgical devices for improved access and maneuverability within the joint, and incorporates ArthroCare's unique suction suction /suc·tion/ (suk´shun) aspiration of gas or fluid by mechanical means. post-tussive suction a sucking sound heard over a lung cavity just after a cough. functionality for enhanced visibility of the surgical site. "One of ArthroCare's key strategic initiatives is to facilitate the growth of surgical markets by offering new and better tools for procedures that have traditionally been difficult to perform," said Michael A. Baker Michael Allen Baker (Captain, USN, Ret.) is the International Space Station Program Manager for International and Crew Operations, at NASA's Johnson Space Center. He is responsible for the coordination of program operations, integration and flight crew training and support , ArthroCare's president and chief executive officer. "We believe the improved access and ease of use of the MultiVac XL combined with the proven clinical benefits of Coblation technology in arthroscopy have the potential to increase the number of arthroscopic hip procedures performed, providing relief to a greater number of patients who suffer from hip injuries." ArthroCare's soft-tissue surgery systems allow surgeons to operate with increased precision and accuracy, limiting damage to surrounding tissue thereby potentially reducing pain and speeding recovery for the patient. The company's products operate at lower temperatures than traditional electrosurgical or laser surgery tools, and enable surgeons to remove or shrink soft tissue and to seal bleeding vessels. Except for historical information, this press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, the company's fundamental position, continued success of certain product lines and strategies, the strength of the company's market position, and risks as 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 January 2, 1999, Form S-3 dated September 28, 1999, and Form 10 Q for the quarter ended October 2, 1999. Such 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 expectations. The company disclaims any obligation to update any of the forward-looking statements contained herein to reflect future events or developments. 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 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. ArthroCare's systems are used to perform many types of 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. . The company's strategy includes applying its patented Coblation technology to a broad range of other soft-tissue surgical markets, including 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 and various cardiology cardiology Medical specialty dealing with heart diseases and disorders. It began with the 1749 publication by Jean Baptiste de Sénac of contemporary knowledge of the heart. Diagnostic methods improved in the 19th century, and in 1905 the electrocardiograph was invented. applications. The company's web site is www.arthrocare.com. |
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