Heska Corporation Announces European Approval for PERIOceutic(TM) Gel
23.09.1999, 14:17
FORT COLLINS, Colo. (PROTEXT) - Heska Corporation (Nasdaq:
HSKA), a leader in the companion animal health market, announced
today that its PERIOceutic(TM) Gel has been approved by the
European Commission for marketing and distribution in Europe. The
product is the first veterinary product indicated for the
treatment and control of periodontal disease in dogs.
Robert Grieve, Chief Executive Officer of Heska, said, "We are
very pleased with the European marketing approval. We can now
move forward to develop a relationship with a European marketing
partner for the PERIOceutic product. We are currently in
discussions with potential partners that have sales and
distribution networks throughout Europe."
The PERIOceutic Gel product is similar to the ATRIDOX(R)
subgingival antibiotic product developed for the human dental
market by Atrix Laboratories, Inc., and was exclusively licensed
to Heska for veterinary applications. Heska introduced the
product into the United States veterinary market in November
1997. The product, manufactured for Heska by Atrix, is a gel-like
substance containing the antibiotic doxycycline, that the
veterinarian places beneath the gumline of the affected teeth.
The product forms a slow release system delivering the antibiotic
into the affected tissue, providing a local antimicrobial effect
which lasts for several weeks. Periodontal disease is the most
commonly diagnosed disease in dogs and is the primary cause of
tooth loss. This new technology offers veterinarians a new tool
to treat and control the disease, prevent tooth loss and guard
against infection spreading to other parts of the body.
Heska discovers, develops, manufactures and markets companion
animal health products, primarily for dogs, cats and horses.
Heska has a large and sophisticated scientific effort devoted to
applying biotechnology to the large and growing companion animal
health market. Heska also offers diagnostic and patient
monitoring equipment and supplies, as well as laboratory
diagnostic products in the United States and Europe to
veterinarians, and operates USDA- and FDA-licensed facilities,
which manufacture vaccine, pharmaceutical, and allergy
immunotherapy products. For additional information on Heska and
its products, visit the company's web site at www.heska.com.
With the exception of historical matters, this press release
contains express or implied forward-looking information about
Heska's products and markets, including statements concerning the
market acceptance of this product and potential European
partners. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements of Heska to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Heska's achievement of these results may be affected
by many factors, including among others, the following: delays in
or failure to achieve market acceptance of this product; the
inability to establish or maintain an effective distribution
network in Europe, delays in or failure to achieve future product
development; uncertainties regarding the outcome of research and
development efforts or the ability to successfully develop or
commercialize products in research and development, uncertainties
regarding the ability to receive required regulatory approvals in
a timely manner, if at all, uncertainties regarding the scope,
enforceability and validity of patents and proprietary rights,
which are subject to complex legal standards that vary from
country to country and are subject to interpretation by
administrative agencies and courts; quality of management;
competition; changes in business strategy or development plans;
inability to obtain renewal or continuation of contracts, or
obtain exclusivity, to market, sell or distribute products
described herein; inability to manufacture, market, sell or
distribute products at currently projected costs and the risks
set forth in Heska's filings and future filings with the
Securities and Exchange Commission, including those set forth in
Heska's Annual Report on Form 10-K for the year ended December
31, 1998 under the caption "Business-Factors that May Affect
Results," and in its Quarterly Report on Form 10-Q for the
quarter ended June 30, 1999 under the caption "Management's
Discussion and Analysis of Financial Condition and Results of
Operations - Factors that May Affect Results." ots Original Text
Service: Heska Corporation Internet: http://www.newsaktuell.de
Contact: Ron Hendrick, Executive Vice President & CFO, or Robert
Grieve, Chief Executive Officer, 970-493-7272, both of Heska
Corporation; or Investor Relations: Judy Brenna, ext. 221, or
Media Relations: Matthew Knight, ext. 271, both of Noonan/Russo
Communications, Inc., 212-696-4455 Web site:
http://www.heska.com
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