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EVEREST ANNOUNCES PRODUCT RELEASE AND COMMENCEMENT OF NEW O.E.M. CONTRACT

 EVEREST ANNOUNCES PRODUCT RELEASE
 AND COMMENCEMENT OF NEW O.E.M. CONTRACT
 MINNEAPOLIS/ST. PAUL, Oct. 16 /PRNewswire/ -- Everest Medical Corporation (NASDAQ: EVMD) today announced two developments which are expected to favorably impact fourth quarter revenue and earnings.
 At the American College of Surgeons Meeting just ending, the company released the first production version of its new bipolar scissors product intended for use by general and gynecologic surgeons in laparoscopic procedures. At the same meeting, a scientific exhibit presented by Edward Beadle, M.D. and others demonstrated the advantages of this scissors in the first multi-center clinical experience involving 30 patients.
 Also at this meeting, Origin Medsystems, Inc., of San Carlos, Calif., an Eli Lilly subsidiary, introduced its version of the Everest biopolar laparoscopic forceps which was designed and manufactured for Origin by Everest. First shipments of the Origin forceps are scheduled to be completed in October. Everest is also selling this forceps under its own label as the BiCOAG(TM) Forceps. The company has been pleased with initial demand of both of these products.
 Everest Medical designs, manufactures and markets products for the minimally invasive surgical markets of laparascopic surgery and gastrointestinal endoscopy.
 -0- 10/16/92
 /CONTACT: Michael J. Hollenhorst of Everest Medical, 612-473-6262/
 (EVMD) CO: Everest Medical Corporation ST: Minnesota IN: MTC SU: CON


DS -- MN006 -- 0919 10/16/92 11:44 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
Words:226
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