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. |
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