MedPro Receives CE Mark for its Blood Collection Safety Products
Clearance Opens Market Opportunities in Europe
Lexington, KY – July 12, 2011 –
MedPro Safety Products, Inc. (OTCBB: MPSP), a leading developer of
transformational technologies that enable safer medication delivery and
blood collection, today announced that it has received a CE Mark from
the British Standards Institute (BSI) for its blood collection safety
products. The CE Mark allows the free movement of products throughout
the European Union. Products currently covered under the certificate
include the VACUETTE® PREMIUM Safety Needle System Tube-Touch, among
others.
“The CE Mark is another important milestone for MedPro, allowing for the
expansion of sales of the VACUETTE® blood collection devices into large
and growing markets in Europe,” said Craig Turner, Chairman and CEO of
MedPro Safety Products. “We believe our patented passive needlestick
technology is a compelling feature that will be well received by
healthcare professionals in Europe as it has been in the United States.
The CE Mark, along with the 510(K) clearance that we received from the
Food and Drug Administration (FDA) last year, has positioned us well to
grow our presence globally.”
The World Health Organization (WHO) estimates that worldwide,
approximately three million healthcare employees, roughly 10% of the
global industry’s workforce, are exposed to bloodborne pathogens as a
result of a needlestick injury each year.
MedPro Safety’s devices are based on patented technology that offers
healthcare professionals the safety of sample collection through a truly
passive needlestick prevention feature that automatically activates
through normal use, without the requirement of any additional step by
the user. The VACUETTE® PREMIUM Safety Needle System Tube-Touch is
equipped with a shield that automatically covers the needle during the
blood collection process.
The devices are manufactured, marketed and distributed globally by
Greiner Bio-One, an international manufacturer and supplier of medical
devices and pre-analytic products. The VACUETTE® PREMIUM Safety Needle
System Tube-Touch was released to the market in April in the United
States.
About MedPro Safety Products, Inc.
Headquartered in Lexington, Kentucky, MedPro Safety Products, Inc. is a
leading developer of safer medication delivery and blood collection
systems. The Company licenses, develops and manufactures
transformational technologies marketed through its global medical device
partners. MedPro’s products address multiple product categories within
the medication delivery (injection and infusion) and blood collection
(blood collection sets and blood tube holders) markets. Unlike
competitive products currently available on the market, MedPro’s
products incorporate safety features that operate without user
activation, and therefore require little or no clinician training to
use. The total global market opportunity for safer medication delivery
and blood collection products is believed to be more than $6 billion.
For additional information, please refer to the ‘Investor Relations’
link on the Company’s website (www.medprosafety.com).
Safe Harbor Statement
This release includes forward-looking statements based upon current
expectations of the management of MedPro Safety Products, Inc. that
involve risks and uncertainties, such as plans, objectives, expectations
and intentions. Actual results and the timing of events could differ
materially from those anticipated in these forward- looking statements
as a result of a number of factors, including our ability to identify
and acquire medical safety device safety technologies with product
development potential; our ability to successfully develop and bring
products to market, including obtaining regulatory approvals; our
ability to successfully increase sales of our products; our ability to
obtain additional financing on satisfactory terms; our ability to
attract and retain qualified employees; and governmental regulation
associated with the medical safety products industry. Words such as
"anticipate," "estimate," "plan," "continuing," "ongoing," "expect,"
"believe," "intend," "may," "will," "should," "could," and similar
expressions are used to identify forward-looking statements. We refer
you to the more detailed discussion of risks and uncertainties under
"Risk Factors" in our Annual Report on Form 10-K and our other reports
on file with the Securities and Exchange Commission.
Contact Information:
Investor Contact:
Doug Sherk/Jenifer Kirtland
EVC Group
415-568-9349
Media Contact:
Christopher Gale
EVC Group
646-201-5431
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