E-Z-EM Comments on Patent Infringement Lawsuit Related to Empower Injector
July 02 2007 - 10:22AM
Business Wire
E-Z-EM, Inc., (NASDAQ:EZEM) today announced that Tyco Healthcare
Group LP filed a lawsuit against the Company in the federal
district court in Texas alleging patent infringement related to
E-Z-EM�s Empower�CT and Empower�CTA injector systems. This lawsuit
alleges infringement of a single U.S. patent concerning medical
fluid injectors. Commenting on the lawsuit, Anthony A. Lombardo,
President and CEO said, �The Company respects the intellectual
property rights of others and intends to vigorously defend against
this action.� About E-Z-EM, Inc. E-Z-EM is a leading manufacturer
of contrast agents for gastrointestinal radiology. The Company is
the developer of VoLumen��a patent-pending, next generation low
density barium sulfate suspension for use as an oral contrast in
Multidetector CT (MDCT) and Positron Emission Tomography (PET/CT)
studies. The Company also offers Empower�?the only family of CT
injectors on the market with patented EDA� technology that can help
detect contrast extravasation?and offers a complete product set for
the virtual colonoscopy practitioner. This product line consists of
virtual colonoscopy hardware, software, nutritional prep kits and
bowel cleaners, tagging agents and a carbon dioxide colon
insufflation system. The Company is also the exclusive world-wide
manufacturer and marketer of RSDL for first-responder organizations
and military services. RSDL is a patented, broad-spectrum liquid
chemical warfare (CW) agent decontaminant, that neutralizes or
removes chemical agents from skin on contact, leaving a non-toxic
residue that can be rinsed off with water. The statements made in
this document contain certain forward-looking statements. Words
such as �expects,� �intends,� �anticipates,� �plans,� �believes,�
�seeks,� �estimates� or variations of such words and similar
expressions, are intended to identify such forward-looking
statements. The forward-looking statements contained in this
release may involve numerous risks and uncertainties, known and
unknown, beyond the Company�s control. Such risks and uncertainties
include: the ability of the Company to develop its products; the
outcome and impact of any lawsuit involving Tyco Healthcare Group
LP; future actions by the FDA or other regulatory agencies, overall
economic conditions, general market conditions, price increases of
raw materials and components, foreign currency exchange rate
fluctuations as well as the risk factors listed from time to time
in the SEC filings of E-Z-EM, Inc., including but not limited to
its Annual Report on Form 10-K for the fiscal year ended June 3,
2006 and its Form 10-Q for the quarter ended March 3, 2007.
Consequently, actual future results may differ materially from the
anticipated results expressed in the forward-looking statements,
and investors are cautioned not to place undue reliance on the
forward-looking statements included in this release.
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