Attached files
file | filename |
---|---|
8-K - FORM 8-K - MISONIX INC | c06828e8vk.htm |
EX-10.1 - EXHIBIT 10.1 - MISONIX INC | c06828exv10w1.htm |
Exhibit 99.1
Misonix Contact:
|
Investor Relations Contact: | |
Richard Zaremba
|
Cameron Associates, Inc. | |
631-694-9555
|
212-245-4577 | |
invest@misonix.com
|
Kevin@cameronassoc.com |
MISONIX ANNOUNCES CHANGE IN DISTRIBUTION OF SONASTAR®
SURGICAL ASPIRATION SYSTEM IN THE U.S.
SURGICAL ASPIRATION SYSTEM IN THE U.S.
FARMINGDALE, NY October 12, 2010 Misonix, Inc. (NASDAQ: MSON), a developer of state of the
art, ultrasonic medical device technology, which worldwide is used for acute health conditions, has
announced a definitive agreement to end its non-exclusive distribution arrangement in the United
States with Aesculap, Inc. for the SonaStar® Surgical Aspiration System.
As a result, Misonix will assume exclusive responsibility for the marketing, sales, distribution
and service of the SonaStar effective October 18, 2010, utilizing its previously established 75
person sales and service organization, which began direct to hospital marketing of the SonaStar
late last year.
The SonaStar is used by Neuro and General Surgeons for quick and efficient removal of both hard and
soft tumors while sparing most vessels. In addition, OsteoSculpt bone sculpting technology can be
employed with the SonaStar to safely remove osseous structures, thus providing access to the
surgical site.
We are very excited about bringing all domestic sales of SonaStar under our focused sales
organization, said Michael A. McManus, Jr., President and Chief Executive Officer of Misonix.
Over time, we expect to gain significant margin improvement and sales growth by enabling our
proprietary sales organization to sell another one of our key products exclusively under the
Misonix label.
About Misonix:
Misonix, Inc. designs, develops, manufactures and markets therapeutic ultrasonic medical devices
and laboratory equipment. Misonixs therapeutic ultrasonic platform is the basis for several
innovative medical technologies. Addressing a combined market estimated to be in excess of $3
billion annually; Misonixs proprietary ultrasonic medical devices are used for wound debridement,
cosmetic surgery, neurosurgery, laparoscopic surgery, and other surgical and medical applications.
Additional information is available on the Companys Web site at www.misonix.com.
# # #
With the exception of historical information contained in this press release, content herein may
contain forward looking statements that are made pursuant to the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995. These statements are based on managements
current expectations and are subject to uncertainty and changes in circumstances. Investors are
cautioned that forward-looking statements involve risks and uncertainties that could cause actual
results to differ materially from the statements made. These factors include general economic
conditions, delays and risks associated with the performance of contracts, risks associated with
international sales and currency fluctuations, uncertainties as a result of research and
development, acceptable results from clinical studies, including publication of results and
patient/procedure data with varying levels of statistical relevancy, risks involved in introducing
and marketing new products, potential acquisitions, consumer and industry acceptance, litigation
and/or court proceedings, including the timing and monetary requirements of such activities, the
timing of finding strategic partners and implementing such relationships, regulatory risks
including approval of pending and/or contemplated 510(k) filings, the ability to achieve and
maintain profitability in the Companys business lines, and other factors discussed in the
Companys Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports
on Form 8-K. The Company disclaims any obligation to update its forward-looking relationships.