Healthcare Industry News: vascular access
News Release - March 2, 2006
Merit Medical Introduces New Mini Access KitSOUTH JORDAN, Utah--(HSMN NewsFeed)--March 2, 2006--Merit Medical Systems Inc., (Nasdaq: MMSI ), a manufacturer and marketer of proprietary disposable accessories used primarily in cardiology and radiology procedures, today announced the introduction of a new stiffened dilator mini access kit called the S-MAK(TM).
The Merit S-MAK(TM) is a patent-pending device with excellent tip transitions that improve a physician's ability to gain vascular access, while facilitating smooth entry into the vessel. The S-MAK's stiffened dilator provides additional support during placement through scar tissue and/or difficult anatomy. The S-MAK has full-market release, and the company has already received orders for it.
"The Mini Access Kit (Merit MAK(TM)) was the fastest growing segment of our catheter business last year," said Merit's Chairman and CEO Fred P. Lampropoulos. "The S-MAK broadens our line and is an essential part of our vascular access strategy."
Founded in 1987, Merit Medical Systems Inc. is engaged in the development, manufacture and distribution of proprietary disposable medical accessories used in interventional and diagnostic procedures, particularly in cardiology and radiology. Merit serves client hospitals worldwide with a domestic and international sales force totaling approximately 85 individuals. Merit employs approximately 1,590 people worldwide, with facilities in Salt Lake City and South Jordan, Utah; Angleton, Texas; Richmond, Va.; Maastricht, Netherlands; Venlo, Netherlands; and Galway, Ireland.
Statements contained in this release which are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Act of 1995 and are subject to risks and uncertainties such as those described in Merit's Annual Report on Form 10-K for the year ended Dec. 31, 2004, and quarterly reports on Forms 10-Q filed during the year ended Dec. 31, 2005. Such risks and uncertainties include market acceptance of new products, introduction of products in a timely fashion, product recalls, delays in obtaining regulatory approvals, or the failure to maintain such approvals, cost increases, fluctuations in and obsolescence of inventory, price and product competition, availability of labor and materials, development of new products and technology that could render our products obsolete, product liability claims, modification or limitation of governmental or private insurance reimbursement, infringement of our technology or the assertion that our technology infringes the rights of other parties, foreign currency fluctuations, challenges associated with the company's growth strategy, changes in health care markets related to health care reform initiatives, litigation and other factors referred to in the company's 10-K and other reports filed with the Securities and Exchange Commission. All subsequent forward-looking statements attributable to the company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Actual results may differ materially from anticipated results. Financial estimates are subject to change and are not intended to be relied upon as predictions of future operating results, and Merit assumes no obligation to update or disclose revisions to those estimates.
Source: Merit Medical Systems
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