VeriTeQ Delivers Q Inside Safety Technology Readers to Establishment Labs
March 12 2014 - 9:29AM
Business Wire
Patients in the EU now receiving Establishment
Labs’ Motiva Implant Matrix® breast implants with Q Inside Safety
Technology
VeriTeQ Corporation (“VeriTeQ” or “Company”) (OTC Markets:
VTEQ), a provider of implantable medical device identification and
radiation dose measurement technologies, announced today that it
has delivered Q Inside Safety Technology readers to its customer
Establishment Labs, S.A. (“EL”). EL’s Motiva Implant Matrix® breast
implants with VeriTeQ’s Q Inside Safety Technology are the world’s
first externally identifiable breast implants, and are now
available to patients in the EU.
VeriTeQ’s FDA cleared Q Inside Safety Technology acts as an
electronic serial number in breast implants and other implantable
and reusable medical devices to give physicians and patients access
to a secure online database to retrieve device-specific data such
as serial number, manufacturer name, date of manufacture, lot
number, volume, size, and other data from the device manufacturer.
Q Inside Safety Technology also provides an extra level of
protection to the patient in the event of a recall or other safety
event.
EL has begun the commercial launch of its Motiva Implant Matrix®
breast implants with VeriTeQ’s Q Inside Safety Technology in the
European Union. EL’s Motiva Implant Matrix Ergonomix, VelvetSurface
PLUS, and SilkSurface PLUS, all with VeriTeQ’s Q Inside Safety
Technology, have received CE Mark approval, which enables EL to
market its Motiva breast implants to patients in 28 countries in
the European Union and fast track regulatory approvals in many
countries in South America, Middle East and Asia.
Scott R. Silverman, Chairman and CEO of VeriTeQ, stated, “We
continue to work with our breast implant customer Establishment
Labs, to position them and multiple plastic surgery centers in the
EU for a successful product launch. Patients are now receiving
best-of-breed Motiva Implant Matrix® breast implants with Q Inside
Safety Technology to help ensure accurate device verification at
the point of care for the utmost in patient safety. This is
particularly important to providers and patients in the EU
following two recalls of breast implants there recently.”
According to the International Society of Aesthetic Plastic
Surgery, the number of breast augmentation procedures performed
worldwide in 2011 exceeded 1.2 million.
About VeriTeQ
VeriTeQ develops innovative, proprietary RFID technologies for
implantable medical device identification, and dosimeter
technologies for use in radiation therapy treatment. VeriTeQ offers
the world's first FDA cleared RFID microchip technology that can be
used to identify implantable medical devices, in vivo, on demand,
at the point of care. VeriTeQ's dosimeters provide patient safety
mechanisms while measuring and recording the dose of radiation
delivered to a patient in real time. For more information on
VeriTeQ, please visit www.veriteqcorp.com.
About EL
Establishment Labs is a privately held, global breast, body and
facial aesthetic company with offices in Florida, Costa Rica and
Belgium, that designs, develops, manufactures and markets an
innovative product portfolio consisting of advanced silicone-filled
breast (www.motivaimplants.com) and body shaping implants.
Utilizing only the highest quality of medical grade silicones, the
CE-marked Motiva Implant Matrix® line is rigorously scrutinized by
professional Quality Engineers throughout the entire manufacturing
process. All its products are produced in full compliance with ISO
and EU requirements, and are certified under the Medical Device
Directive 93/42/EEC. For more information on EL, please visit
www.establishmentlabs.com.
Statements in this press release about our future expectations,
including, without limitation, the likelihood that by including
VeriTeQ’s FDA cleared Q Inside Safety Technology in breast implants
and other medical devices, manufacturers, physicians and patients
will have access to a secure online database to retrieve
device-specific data such as serial number, manufacturer name, date
of manufacture, lot number, volume, size, and other data from the
medical device manufacturer; constitute "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934, and as
that term is defined in the Private Litigation Reform Act of 1995.
Such forward-looking statements involve risks and uncertainties and
are subject to change at any time, and our actual results could
differ materially from expected results. These risks and
uncertainties include, without limitation, VeriTeQ’s ability to
commercially launch its Q Inside Safety Technology in the EU and UK
in 2014; VeriTeQ’s ability to raise capital; as well as other
risks. Additional information about these and other factors may be
described in VeriTeQ’s Forms 10-Q, filed on August 9, 2013 and
November 14, 2013, and future filings with the Securities and
Exchange Commission The Company undertakes no obligation to update
or release any revisions to these forward-looking statements to
reflect events or circumstances after the date of this statement or
to reflect the occurrence of unanticipated events, except as
required by law.
VeriTeQAllison Tomek,
561-846-7003atomek@veriteqcorp.comorRedChip CompaniesBrendan
Hopkins, 1-800-RED-CHIP (733-2447) Ext 134Bhopkins@redchip.com
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