Bovie Medical Corporation Announces Acquisition of Exclusive Worldwide License to Manufacture and Market Innovative Suture Removal Device.Business Editors/Health/Medical Writers MELVILLE, N.Y.--(BUSINESS WIRE)--Oct. 24, 2003 Bovie Medical Corporation ("the Company") (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : BOVI), a premier manufacturer and marketer of electrosurgery electrosurgery /elec·tro·sur·gery/ (-ser´jer-e) surgery performed by electrical methods; the active electrode may be a needle, bulb, or disk.electrosur´gical e·lec·tro·sur·ger·y n. products and the largest manufacturer of disposable cauteries in the world has entered into an exclusive worldwide license agreement with Emergency Medical Innovations, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to manufacture and market a patent pending disposable suture suture /su·ture/ (soo´cher) 1. sutura. 2. a stitch or series of stitches made to secure apposition of the edges of a surgical or traumatic wound. 3. to apply such stitches. 4. removal device. The device, once cleared for marketing by the Food & Drug Administration, will reduce the time directed towards removing stitches in a doctor's office, medical clinic or Emergency room. The device is designed to remove sutures with a faster tension free cut and will be utilized in various medical procedures on humans and animals. "This suture removal device is consistent with our strategy of marketing products from the Company's core competencies that service large niche markets within the medical industry. In addition, it utilizes our cautery cautery, searing or destruction of living animal tissue by use of heat or caustic chemicals. In the past, cauterization of open wounds, even those following amputation of a limb, was performed with hot irons; this served to close off the bleeding vessels as well as manufacturing expertise; thus, a logical extension to Bovie's product line. We are committed to broadening Bovie's portfolio of innovative products and technologies," stated J. Robert Saron, president of Aaron Medical, a Bovie Medical wholly-owned subsidiary. In other news, Aaron Medical was presented with the Promotion of the Year award by the Health Industry Distributors Association for its "Sleep Well You Bought a Bovie" promotion. Honorable mention went to Roche Diagnostics Roche Diagnostics Division is a subsidiary of Hoffmann-La Roche which manufactures equipment and reagents for research and medical diagnostic applications. Internally, it is organized into six major business areas: Roche Applied Science, Roche Centralized Diagnostics, Roche and Welch Allyn, Inc. This document may contain some forward looking statements, particularly regarding operational prospects in 2003 and beyond, which involve a number of risks and uncertainties that could cause actual results to differ materially. These risks are listed from time to time in the Company's SEC filings. For additional information visit the Bovie Medical web site at www.boviemedical.com. |
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