Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Bard Launches Catheter - Bio-Plexus to Receive Royalty Income.


Business Editors/Health & Medical Writers

BIOWIRE2K

VERNON, Conn.--(BW HealthWire)--Oct. 11, 2000

Bard Access Systems, a division of C.R. Bard (NYSE NYSE

See: New York Stock Exchange
:BCR) of Salt Lake City, Utah For ships of the United States Navy of the same name, see .
Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C.
, has launched a new peripherally inserted central catheter A peripherally inserted central catheter- (PICC or PIC line) is a form of intravenous access that can be used for a prolonged period of time, e.g. for long chemotherapy regimens, extended antibiotic therapy or total parenteral nutrition.  (PICC PICC Peripherally-inserted central catheter Critical care An IV catheter inserted in the superior vena cava for long-term infusion of bolus or continuous delivery of therapeutics or TPN–drugs, fluids, nutrients, chemotherapy. Cf Catheter. ) introducer. The PICC introducer was developed in a partnership with Bio-Plexus of Vernon, Connecticut, and Teleflex (NYSE:TFX) of Jaffrey, New Hampshire Jaffrey is a town in Cheshire County, New Hampshire, USA. The population was 5,476 at the 2000 census. History
First granted in 1736 to soldiers from Rowley, Massachusetts returning from the war in Canada, the town was known as "Rowley-Canada.
. It is manufactured by Teleflex on production equipment designed and built by Bio-Plexus.

Bard is the market leader in the growing PICC market segment and recently launched the new Safety Excalibur(R) Introducer. "As the healthcare workplace shifts to safety devices, we are excited to be among the first to deliver a completely passive product, the Safety Excalibur, to health care workers. The Safety Excalibur, featuring Bio-Plexus patented PUNCTUR-GUARD(R) internal blunting technology, is rapidly gaining popularity among healthcare workers who have used the device," said Amy Paul, Division President, Bard Access Systems. "We expect that the Safety Excalibur Introducer will make PICC insertion procedures dramatically safer for healthcare workers," she added.

The Safety Excalibur Introducer by Bard includes references to Bio-Plexus and PUNCTUR-GUARD(R) internal blunting technology on its packaging and labeling, and Bio-Plexus will receive royalty revenue from the sale of each device.

"Bard's choice of PUNCTUR-GUARD(R) internal blunting technology as the safety platform for its newest PICC Introducer is another example of the market leader recognizing the superior ease-of use of Bio-Plexus technology," according to John S. Metz, Bio-Plexus 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. . "Our PUNCTUR-GUARD(R) product is the only safety technology available for I.V. access devices where the safety feature is both completely automatic and is activated in vivo," he continued. "This means the clinician doesn't have to change habits or learn a new technique. Most important, the clinician should never be exposed to a sharp, blood-contaminated needle after removal from the patient. Shielding technologies, offered by many of our competitors, are activated after use -- exposing the clinician to a contaminated sharp until the shield is activated. As PUNCTUR-GUARD(R) technology gets into the hands of healthcare workers, the risk of an accidental needlestick is significantly reduced, and the clinician can more fully concentrate on patient care," he added.

Bio-Plexus, 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
:BPLX), designs, develops, manufactures and holds U.S. and international patents on safety medical needles and other products under the PUNCTUR-GUARD(R), DROP-IT(R), and PUNCTUR-GUARD REVOLUTION(TM) brand names. In studies by the Centers for Disease Control (MMWR MMWR Morbidity & Mortality Weekly Report Epidemiology A news bulletin published by the CDC, which provides epidemiologic data–eg, statistics on the incidence of AIDS, rabies, rubella, STDs and other communicable diseases, causes of mortality–eg, , January 1997) and ECRI ECRI European Commission against Racism and Intolerance
ECRI Emergency Care Research Institute
ECRI Economic Cycle Research Institute
 (Health Devices, June 1998 and October 1999) PUNCTUR-GUARD(R) needles ranked highest of all devices studied. Accidental needlesticks number about one million per year in the United States and can result in the transmission of deadly diseases including 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.  and Hepatitis B and C.

NOTE: THIS PRESS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  OF 1995. FORWARD-LOOKING STATEMENTS MAY BE IDENTIFIED BY THE USE OF SUCH TERMINOLOGY AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," "ANTICIPATES," "PLANS," "ESTIMATES," AND "INTENDS" OR DERIVATIONS OR NEGATIVES THEREOF OR COMPARABLE TERMINOLOGY, OR DISCUSSIONS OF STRATEGY THAT INVOLVES RISKS (KNOWN AND UNKNOWN) AND UNCERTAINTIES. THE COMPANY'S ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS AS A RESULT OF, AMONG OTHER FACTORS, GENERAL ECONOMIC CONDITIONS AND GROWTH IN THE SAFETY MEDICAL PRODUCTS INDUSTRY, COMPETITIVE FACTORS AND PRICING PRESSURES, CHANGES IN PRODUCT MIX, PRODUCT DEMAND, RISK OF DEPENDENCE ON THIRD PARTY SUPPLIERS AND FINANCIERS, ABILITY TO OBTAIN FINANCING, AS WELL AS OTHER FACTORS DESCRIBED FROM TIME TO TIME IN THE COMPANY'S PERIODIC REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION OR DISCUSSED IN OTHER PRESS RELEASES ISSUED BY THE COMPANY. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE OR ADVISE UPON ANY SUCH FORWARD-LOOKING STATEMENT.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Oct 11, 2000
Words:618
Previous Article:Famous Dave's and Hormel Foods Team Up for National Retail Introduction of Award-Winning Barbecue Products.
Next Article:Fitch Rts FL Hsg Fin Corp Rev Bds --Tax-- 2000 Ser A `AAA/F1+'.
Topics:



Related Articles
Bio-Plexus Announces New Terms and Year-End Results.
New Johnson & Johnson Safety Catheter Features Bio-Plexus PUNCTUR-GUARD Technology.
Bio-Plexus and Owens & Minor Sign Distribution Agreement.
Bio-Plexus Comments On 510K Approval of Catheter Introducer.
Bio-Plexus Announces Q2 Revenues, End User Sales Growth.
Bio-Plexus Enters Royalty Phase of Teleflex Relationship.
Teleflex Pays Royalties to Bio-Plexus.
Catheter Launches - Bio-Plexus to Receive Royalty Income.
Bio-Plexus Announces Q3 Revenues.
Bio-Plexus Announces Agreement With Fresenius Medical Care, North America.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles