Avitar signs exclusive agreement with Simplex Medical Systems, Inc.NORTH HAVEN North Haven, town (1990 pop. 22,249), New Haven co., S Conn., on the Quinnipiac River; settled c.1650, set off from New Haven 1786. Chiefly residential, it has some manufactures, such as aircraft parts, tools, chemicals, and machinery. , Conn.--(BUSINESS WIRE)--March 19, 1996--Avitar, Inc. ("the Company") (Nasdaq SmallCap Market:AVIT AVIT Aarupadai Veedu Institute of Technology AVIT Audiovisual Instructional Technology (Common Stock); AVITW (Redeemable Warrants)) announced today that it has signed an agreement with Simplex Medical Systems, Inc. of Hallendale, Florida, which gives Avitar exclusive worldwide rights to manufacture and market Simplex's patent-pending, state-of-the-art saliva collection device. The device, which utilizes Avitar's proprietary polyurethane foam Noun 1. polyurethane foam - a foam made by adding water to polyurethane plastics polyfoam polyurethan, polyurethane - any of various polymers containing the urethane radical; a wide variety of synthetic forms are made and used as adhesives or plastics or technology, will be used to collect saliva for diagnostic tests such as HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. , hepatitis and a number of other diseases and substances which formerly required blood as the test medium. Avitar has begun production of the device, and under the agreement, will have total manufacturing and selling rights worldwide to diagnostic test manufacturers. Peter Phildius, Chairman of Avitar, said, "We are very excited to have obtained the rights to this device which enables us to participate in the $6 billion worldwide market for diagnostic tests. The advantages of using saliva instead of blood are obvious, especially for large-scale screening tests." He further added, "This is an excellent application of our core polyurethane foam technology which further expands our presence in the medical and dental markets." Jack Trafton, Phd, 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. of Simplex Medical Systems, Inc., commented that, "The device which we have licensed to Avitar will be used in conjunction with our family of saliva diagnostic tests and will be available to other test manufacturers to incorporate into their testing systems." The Company designs, develops, manufactures and markets healthcare products and services including Hydrasorbd, a proprietary line of polyurethane polyurethane Any of a class of very versatile polymers that are made into flexible and rigid foams, fibres, elastomers (elastic polymers), surface coatings, and adhesives. wound care dressings. The Company also provides healthcare cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. services to employers and third-party payors. CONTACT: AVITAR, INC. Peter Phildius, Chairman of the Board (617) 821-2440 or Jay Leatherman, Chief Financial Officer (203) 234-7737 |
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