Bio-Plexus and Graphic Control Sign Distribution Agreement.VERNON, Conn.--(BW HealthWire)--Oct. 15, 1998--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), designer, developer, manufacturer, and marketer of safety medical needles and other products under the PUNCTUR-GUARD(R) and DROP-IT(R) names, today announced a non-exclusive supply and distribution agreement for the United States and Canada with Graphic Controls Corporation of Buffalo, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The agreement allows Graphic Controls to purchase and distribute Bio-Plexus Drop-It Needle Disposal Containers and Drop-It Quick Release Needle Holders. "Graphic Controls is a major supplier of sharps containers in the United States and has contracts with the major group purchasing organizations (GPO's) in the country. We expect that this relationship will result in quick market penetration for Bio-Plexus products in otherwise hard-to-access accounts," said Thomas K. Sutton, Executive Vice President for Marketing & Sales at Bio-Plexus. "We further expect that this Supply and Distribution Agreement will help grow our business by increasing sales in the near term," he continued. "When combined with the news of the new California law mandating the use of safety needles, this is an extremely significant event for Bio-Plexus and yet another indicator of the opportunity to expand our sales and distribution network," Sutton concluded. Bio-Plexus holds U.S. and international patents on safety medical devices marketed under the Punctur-Guard and Drop-It brand names. These devices are designed to reduce the incidence of accidental needlesticks among healthcare workers. In a Centers for Disease Control study, Punctur-Guard Blood Collection Needles were found to reduce the rate of accidental needlesticks by 76%, the highest rate of any device studied. Accidental needlesticks number more than 950,000 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 Hepatitis B Definition Hepatitis B is a potentially serious form of liver inflammation due to infection by the hepatitis B virus (HBV). It occurs in both rapidly developing (acute) and long-lasting (chronic) forms, and is one of the most common chronic and C. In recent news, Tyco International Ltd. (NYSE NYSE See: New York Stock Exchange :TYC TYC Texas Youth Commission TYC Torneos Y Competencias (Argentina) TYC To Your Credit TYC Toronto Youth Cabinet (youth members of the Toronto City Council) TYC Teconnaught Youth Club (Ireland) ) announced its intention to purchase Graphic Controls Corporation. Tyco, a leader in disposable medical products, recently completed strategic purchases of medical device companies including U.S. Surgical (NYSE:USS USS abbr. 1. United States Senate 2. United States ship USS abbr (= United States Ship) → Namensteil von Schiffen der Kriegsmarine ), Kendall Co., and Sherwood-Davis & Geck. Note: This press release may contain forward-looking statements, which are subject to change. The actual results may differ materially from those described in any forward-looking statement. |
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