Misonix and Focus Surgery Sign Exclusive International Distribution Agreement with Endocare.Business Editors & Health/Medical Writers Misonix, Inc. (Nasdaq:MSON) today announced that Focus Surgery has signed an exclusive international distribution agreement for its Sonablate(R) 500 unit with Endocare Inc. (Nasdaq:ENDO), for the minimally invasive treatment of prostate diseases using high intensity focused ultrasound HIFU (high intensity focused ultrasound) (sometimes FUS or HIFUS) is a highly precise medical procedure using high-intensity focused ultrasound to heat and destroy pathogenic tissue rapidly. (HIFU HIFU High-intensity focused ultrasound Surgery A method that focuses ultrasound to heat/ablate target tissue without injuring surrounding structures. See Sonablate 200™. ). The agreement covers all international geographic areas with the exception of Asia. Takai Hospital Supply Company Ltd. is the exclusive distributor of the Sonablate 500 in Asia. Misonix currently owns approximately 20% of Focus and has the rights to produce its products. The Sonablate(R) 500 system, developed by Focus Surgery, Inc. of Indianapolis, IN, is capable of killing deep-seated cancer tissue by rapidly elevating the temperature in a precise focal zone, without affecting the intervening tissue, and without side effects such as ionization or radiation. The treatment is precise, bloodless and has minimal complications. The treatment is guided by real-time ultrasound imaging and can be used for the treatment of localized prostate cancer, benign prostatic hyperplasia benign prostatic hyperplasia n. Abbr. BPH A nonmalignant enlargement of the prostate gland commonly occurring in men after the age of 50, and sometimes leading to compression of the urethra and obstruction of the flow of urine. (BPH BPH abbr. benign prostatic hyperplasia BPH Benign prostatic hypertrophy, a very common noncancerous cause of prostatic enlargement in older men. ) and prostatitis prostatitis (prŏs'tətī`tĭs), inflammation of the prostate gland. Acute prostatitis is usually a result of infection in the urinary tract or infection carried by the blood; in many cases the infection spreads from the urethra and is . Narendra T. Sanghvi, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Focus Surgery said, "We are excited to have Endocare, Inc. as our international distributor for the Sonablate(R) 500. Endocare is a leading prostate care company, and the Sonablate(R) multifunctionality of ultrasound imaging, guidance, and treatment for prostate diseases fits well with their product focus. The Sonablate(R) has the CE Mark for sale in the European Union and significant clinical data for both BPH and prostate cancer." Michael A. McManus, Jr., President and CEO of Misonix said, "We are extremely pleased to be working with Paul Mikus and his team at Endocare. They have a proven ability to grow distribution of the Sonablate(R) 500. We, as the manufacturer, have already seen the build up of back orders. We are excited about the opportunity for new and prominent doctors to utilize our technology in benign and cancerous tissue of the prostate. The success of these procedures should increase the acceptance of HIFU as the preferred method of treatment." Focus Surgery is the leader in the development and commercialization of minimally invasive surgical devices using HIFU for the treatment of various diseases including prostate cancer and Benign Prostate Hyperplasia Benign prostate hyperplasia (BPH) Enlargement of the prostate gland. Mentioned in: Paruresis (BPH). Misonix, Inc. develops, manufactures, and/or markets medical, scientific, and industrial ultrasonic and air pollution systems, and maintains a minority equity position in Focus Surgery and manufactures the SB-500 devices for Focus Surgery. Forward Looking Statements: Statements in this news release looking forward in time are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that forward-looking statements involve risks and uncertainties, including general economic conditions, delays and risks associated with the performance of contracts, uncertainties as a result of research and development, potential acquisitions, consumer and industry acceptance, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and/or court proceedings, and regulatory risks including approval of pending and/or contemplated 510K filings. |
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