Hycor Biomedical Announces Sale of Patents On ESR Control.GARDEN GROVE Garden Grove, city (1990 pop. 143,050), Orange co., S Calif., a suburb of Long Beach and Los Angeles, on the Santa Ana River; founded 1877, inc. 1956. Many of its residents work in nearby aerospace and defense installations, and there is light manufacturing. , California--(BW HealthWire)--Oct. 14, 1999-- Hycor Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. 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 :HYBD) Wednesday announced that it has sold its ESR ESR - Eric S. Raymond product line, including the rights to three patents on its Erythrocyte Sedimentation Rate Erythrocyte Sedimentation Rate Definition The erythrocyte sedimentation rate (ESR), or sedimentation rate (sed rate), is a measure of the settling of red blood cells in a tube of blood during one hour. ("ESR") Control that it received earlier this year to Streck Laboratories, Inc. of Omaha, Neb., and Hematronix, Inc. of Plano, Texas. The ESR Control provides a method to monitor the accuracy and precision of ESR test apparatus and methods. J. David Tholen, president and chief executive officer, said "Hycor was the first company to develop a functional quality control product for this important diagnostic test. However, because of our decision to focus our core business on allergy, autoimmune and urinalysis, it was decided to divest our hematology product lines. The sale of the ESR business is the first step in that process." Hycor Biomedical discovers, develops, manufactures, and markets diagnostic products for a variety of human medical conditions. These products include high quality automated instrument and reagent systems that use blood samples to test for more than 900 different allergies and autoimmune disorders Autoimmune Disorders Definition Autoimmune disorders are conditions in which a person's immune system attacks the body's own cells, causing tissue destruction. , and urinalysis controls and disposable products under the KOVA KOVA Kobuk Valley National Park (US National Park Service) (R) brand, the market leader in standardized microscopic urinalysis. Hycor products are used by physicians and clinical laboratories all over the world to provide accurate, reliable test results for physicians and their patients. Headquartered in Garden Grove with facilities in Germany, Scotland, and France, Hycor employs more than 175 people worldwide and serves customers in more than 50 countries. Visit Hycor Biomedical's Web site at: http://www.hycorbiomedical.com. The matters discussed in this report are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from the results anticipated in the forward-looking statements. These risks and uncertainties include, but are not limited to, economic, competitive, governmental, and technological factors affecting the company's operations, markets, products, services and prices, and other factors discussed in the company's filings with the Securities and Exchange Commission. |
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