E-Z-EM (NASDAQ:EZEM)
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From Dec 2019 to Dec 2024
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.