Biosonics Seeks FDA Approval for Alternative to Viagra.FORT WASHINGTON, Penn.--(BW HealthWire)--June 30, 1998-- Biosonics, Inc. (OTC/BB: BISN) announced today that it is going forward with testing necessary in its efforts to obtain FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. marketing approval for MEGS MEGS Michigan Electronic Grants System MEGS Megabits (TM), a patented device which counteracts male impotence. BISN holds a design patent for MEGS(TM) (Male Electronic Genital Stimulator) -- a non-invasive alternative to Pfizer's (NYSE NYSE See: New York Stock Exchange :PFE 1. (text, editor) PFE - Programmer's File Editor. 2. (language) PFE - Portable Forth Environment. ) Viagra and Vivus(TM) (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 :VVUS) Muse(TM). Based on the market demand for Pfizer's Viagra(TM), BISN has decided to proceed with its efforts to make MEGS commercially available. Jack Paller, Chief Executive Officer of BISN, explained the Company's decision, "MEGS(TM) is a non-invasive, non-pharmaceutical means of addressing male impotence. Given the public demand for a solution to male impotence, going forward with our efforts to make MEGS(TM) publicly available at this time makes sense." BISN is involved in the development and marketing of electrotherapeutic and diagnostic devices to manageand treat several intractable medical conditions. To date, the Company holds six patents on its devices and has received FDA approval or clearance to market four of its products: Salitron(R) for dry mouth (competitor to MGI Pharmaceuticals' (NASDAQ:MOGN) product Saligen), Cystotron(TM) for urinary incontinence (competitor to EMPI Inc. (NASDAQ:EMPI) and Utah Medical), Anotron(TM) for fecal incontinence and the BIDDS BIDDS Base Information Digital Distribution System BIDDS Basic Interexchange Digital Data Service BIDDS Broadgate Information Distribution & Display System (TM) glove which is a diagnostic tool. For additional information on BISN, please contact Raymond Bary of the NIBAR Group at 415/474-1647.
CONTACT: NIBAR Group
Raymond Bary, 415/474-1647
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