Medical Science Systems Signs First International Agreement to Distribute Genetic Susceptibility Test.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--Feb. 4, 1998-- The Company Expects International Sales to be a Growing Source of Revenue Medical Science Systems Inc. (Nasdaq:MSSI MSSI Master of Science of Strategic Intelligence MSSI Management Systems Services, Inc. ) Wednesday announced it has signed the first in a succession of expected international agreements to market and promote the company's first product, PST PST Paroxysmal supraventricular tachycardia, see there , the only genetic susceptibility test susceptibility test Antimicrobial susceptibility test, see there for periodontal disease Periodontal Disease Definition Periodontal diseases are a group of diseases that affect the tissues that support and anchor the teeth. Left untreated, periodontal disease results in the destruction of the gums, alveolar bone (the part of the jaws where . The company expects this first international alliance, which is with Medicadent, to increase current-year revenues. First Agreement Medical Science Systems' president and chief executive officer, Paul J. White said, "The commercial agreement represents a significant milestone for the company as it is our first international partnership to market a product from our core genetic susceptibility testing technology to the European community European Community: see European Union. European Community (EC) Organization formed in 1967 with the merger of the European Economic Community, European Coal and Steel Community, and European Atomic Energy Community. . "We expect to have several more agreements by the end of 1998 with partners in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe and the rest of the world. As the company continues to add commercial partners abroad, we expect international sales to be an increasingly important source of revenue and growth." Terms of Agreement Medicadent is the leading distributor of dental products in France and currently distributes John O. Butler oral hygiene Oral Hygiene Definition Oral hygiene is the practice of keeping the mouth clean and healthy by brushing and flossing to prevent tooth decay and gum disease. products, SmithKline Beecham pharmaceuticals, as well as a number of surgical products for the treatment and reconstruction of periodontal periodontal /peri·odon·tal/ (per?e-o-don´t'l) 1. pertaining to the periodontal ligament or periodontium. 2. near or around a tooth. per·i·o·don·tal adj. 1. patients. Under the terms of the agreement, Medicadent would be responsible for all local market development including educational and sales activities within France. Medical Science Systems would be responsible for international market development support, marketing materials and logistics associated with the testing process. The parties anticipate making PST commercially available in France by May. Medicadent President Pierre Dudognon said: "The agreement to market and promote the periodontal disease susceptibility test greatly expands our market opportunity. Currently, we have over 33 field sales representatives. There are approximately 35,000 dentists in France. We expect demand for PST to be strong due to positive initial feedback from our customers." Medical Science Systems provides genetic susceptibility testing services for diseases that are treatable and preventable. The company's mission is to improve patient outcomes by incorporating genetic information about disease susceptibility into overall risk assessment and treatment planning In radiotherapy, Treatment Planning is the process in which a team consisting of radiation oncologists, medical radiation physicists and dosimetrists plan the appropriate external beam radiotherapy treatment technique for a patient with cancer. Typically, medical imaging (i.e. . The company was founded in 1986 and the corporate offices are located in Newport Beach. For more information on Medical Science Systems via facsimile at no cost, call 800/PRO-INFO and dial client code MSSI. -0- This news release contains certain forward-looking statements. Actual experience and financial results may vary as circumstances change, including, but not limited to, risk factors such as market acceptance of company products. These risk factors are described in the company's prospectus dated Nov. 26, 1997. PST is a trademark of Medical Science Systems Inc. CONTACT: Medical Science Systems Inc., Newport Beach Paul J. White, 714/440-9730 or The Financial Relations Board Stacy Roughan, 310/442-0599 (general information) Kathy Brunson, 312/266-7800 (investor/analyst contact) Michaelle Burstin, 310/442-0599 (media contact) |
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