Candela re-offers ESC-to-ScleroLASER trade-up program for physicians; Company extends program in wake of negative New York Times article about ESC's Photoderm device.WAYLAND, Mass.--(BUSINESS WIRE)--July 3, 1996--One week following The 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 Times' publication of an article citing medical community questions about the efficacy and safety of ESC See escape character and escape key. See also ESC/P. ESC - escape Medical Systems' Photoderm-VL laser-like device in treating leg veins, Candela Corp., a leading medical laser system manufacturer, has extended its offer to current ESC physician/users to trade up to its advanced ScleroLASER technology. According to The New York Times article (which appeared in the June 23 Sunday Business Section), despite ESC's financial success, "questions surround the company's future...Its machine can cause discoloration dis·col·or·a·tion n. 1. a. The act of discoloring. b. The condition of being discolored. 2. A discolored spot, smudge, or area; a stain. Noun 1. or blistering on dark-skinned patients or patients with tans or freckles freckles Ephilides Brown macules, often exacerbated on sun-exposed zones of the skin surface, which disappear during the winter, and most commonly affecting the fair-skinned, especially of Celtic stock. See Macule. Cf Nevus. . These problems may cut down on its usefulness. There are doubts, too, about the machine's consistency." Those and other statements were supported by quoted statements of individual doctors. The article noted that ESC's competitors (including Candela candela (kăndĕ`lə), in weights and measures: see candle. A unit of measurement of the intensity of light. Part of the SI system of measurement, one candela (cd) is the monochromatic radiation of 540THz with a radiant intensity ) "are developing lasers with greater flexibility to compete with ESC in the small-vein market -- the area where doctors think Photoderm has strength." After citing additional problems with both the performance and development of the Photoderm (e.g., "Its intense-light process has never been used in medicine before; it was deployed only for industrial purposes like removing paint from airplanes"), the article states: "All of this makes Wall Street's eagerness to bid up the stock of ESC, which has been in business for only three years, somewhat mystifying mys·ti·fy tr.v. mys·ti·fied, mys·ti·fy·ing, mys·ti·fies 1. To confuse or puzzle mentally. See Synonyms at puzzle. 2. To make obscure or mysterious. ." Under Candela Corp.'s trade-up offer, physicians may trade in their ESC Photoderm-VL devices for substantial discounts. The company initially made the offer in February 1996, one month following the publication of another critical article about the ESC device: a piece in Medical Laser Insight, citing industry reports that "significant and irreversible tissue damage" is a potential adverse effect associated with nonselective, light-source devices such as the Photoderm-VL. Interested physicians may request trade-up program applications forms by contacting Anne Engelson at (800)-733-8550, x279. Candela Corp. (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 : CLZR) is an increasingly diversified, international company that provides clinical solutions to the urology urology Medical specialty dealing with the urinary system and male reproductive organs. It traces its origin to medieval lithologists, itinerant healers who specialized in surgical removal of bladder stones. , dermatology, gynecology and plastic surgery markets through medical laser products and services, as well as cryogenic surgery products. Founded in 1970, the company recently changed its name from Candela Laser Corp. For more information about Candela's ScleroLaser, visit Candela's Web site at http://www.clzr.com. CONTACT: Candela Corp. Richard J. Olsen, 508/358-7400 x224 |
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