Medstone International Inc. announces cooperative agreement with Ciba Pharmaceuticals.ALISO VIEJO, Calif.--(BUSINESS WIRE)--Dec. 18, 1995--Medstone International 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 :MEDS meds A popular term for physician-prescribed medications ) Monday announced a cooperative agreement with Ciba Pharmaceuticals to jointly submit to the FDA a PMA/SNDA (Pre Market Approval and Supplemental New Drug Application) for combined Lithotripter/Actigall therapy to treat gallbladder stones. The submission will be based upon data from prior independent submissions for Ciba's drug Actigall and Medstone's lithotripter lithotripter /litho·trip·ter/ (lith´o-trip?ter) an instrument for crushing calculi in lithotripsy. lith·o·trip·ter n. . Actigall is currently indicated for patients with radiolucent radiolucent /ra·dio·lu·cent/ (ra?de-o-loo´sent) permitting the passage of radiant energy, such as x-rays, with little attenuation, the representative areas appearing dark on the exposed film. , noncalcified gallstones Gallstones Definition A gallstone is a solid crystal deposit that forms in the gallbladder, which is a pear-shaped organ that stores bile salts until they are needed to help digest fatty foods. <20mm in greatest diameter in whom elective cholecystectomy would be undertaken except for the presence of increased surgical risk or those patients who refuse surgery. Medstone's lithotripter is a shockwave-generating device presently being used to treat kidney stones without invasive surgery. The cooperative agreement calls for Ciba and Medstone to share the costs of the new analysis required and submission preparation. Ciba Pharmaceuticals is a division of Ciba-Geigy Corp. of Tarreytown, N.Y., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Ciba-Geigy Limited of Basel, Switzerland. Ciba is a leading developer and manufacturer of healthcare and agricultural products and specialty chemicals for industry. Ciba Pharmaceuticals is dedicated to discovering, developing, manufacturing and marketing innovative pharmaceuticals that meet unmet medical needs and improve patients' quality of life. Medstone's business is focused on providing lithotripsy for the treatment of renal stones. Medstone's is the only lithotripter manufacturer that is vertically integrated to provide lithotripsy on a fee for service basis. CONTACT: Medstone International, Aliso Viejo David V. Radlinski, 714/448-7700 ext. 235 |
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