Alpine Biomed Corp. Announces Acquisition of Medtronic's
Neurodiagnostic Product Line
FOUNTAIN VALLEY, CA--(Marketwire - August 01, 2007) - Alpine Biomed
announced today that it has acquired the neurodiagnostic product line
from Medtronic, Inc. Alpine Biomed has been the exclusive U.S.
distributor of Medtronic's neurodiagnostic equipment and accessories
since April 2005. The company also recently acquired Medtronic's
gastroenterology diagnostic product line, which complements its
existing gastroenterology products, such as the VersaFlex(TM)
disposable pH catheters and the Ion(TM) Ambulatory pH Recorder, both
used to help diagnose esophageal reflux disease.
With these recent acquisitions, Alpine Biomed assumes a leadership
position in global specialty diagnostic devices in the
gastroenterology and neurology clinical markets. Newly acquired
products associated with neurodiagnostics include the Keypoint®
electromyography (EMG) and evoked potentials systems, as well as the
CLAVIS(TM) hand-held EMG/Stimulation-guided injection device. The
systems are used in the diagnoses and treatment of various
neuropathies. The complete product set includes assorted electrodes
and accessories essential for use with the systems.
Alpine Biomed has also entered into a manufacturing relationship with
Medtronic for Leadpoint® systems, which are used for targeting
purposes in a variety of Medtronic therapy implants. Alpine Biomed
will supply these systems to Medtronic, who will distribute them to
customers globally.
"Our distributorship of the Medtronic neurodiagnostic product line
the last two years has given us a strong understanding of the
products, their applications, and the needs of the physicians who use
them. We are committed to continual improvement of the product set
and look forward to working closely with our customers to ensure
innovative and relevant market leading products that are fully
functional and user friendly," said William Brown, Vice President of
Alpine Biomed. "We are extremely excited that Alpine is now a leader
in both the gastroenterology and neurology diagnostic markets, and we
will continue to seek new opportunities to leverage our strengths to
expand the capabilities we offer our customers."
About Alpine Biomed
Established in 1994 and ISO 13485 certified, Alpine Biomed
manufactures and distributes intelligent diagnostic tools for use in
neurology and gastroenterology. Alpine Biomed is driven to supply
reliable diagnostic medical devices within a positive working
environment that benefit both patient and clinician.
Certain statements herein may be "forward-looking" statements that
involve known and unknown risks, uncertainties and other factors that
may cause the actual results, performance or achievements of Alpine
Biomed or the industry to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. These statements reflect current
assumptions and expectations regarding future events and operating
performance and speak only as of the date hereof. A number of factors
could cause actual results to vary significantly from the results
discussed in the forward-looking statements. These forward-looking
statements are made as of the date hereof and Alpine Biomed assumes
no obligation to update any forward-looking statements to reflect new
events or circumstances.
For further information contact:
Lauren Schultheiss
Marketing Manager
Alpine Biomed Corp.
714-839-8426
Alpine Biomed Corp.
17800 Newhope St., Ste B
Fountain Valley, CA 92708
714-839-8426
www.alpinebiomed.com