Digirad Announces Medical Radiopharmaceutical Supplier Back in Service
August 18 2010 - 6:00AM
Marketwired
Digirad Corporation (NASDAQ: DRAD), a diversified health care
company specializing in the early detection of disease to enhance
quality of life, today announced that the Canadian nuclear reactor
that supplies approximately 50 percent of the medical
radiopharmaceuticals to North America is back in service, thereby
alleviating significant supply disruptions that negatively impacted
Digirad's DIS services business for the past 15 months with the
most acute impact over the past four months.
Atomic Energy of Canada Ltd., the operator of the National
Research Universal reactor in Chalk River, Ontario, announced
August 17 that the reactor had been repaired. It was shut down in
May 2009.
"This is very welcome news," said Digirad CEO Todd P. Clyde.
"The Chalk River reactor is a critical link in the supply chain of
medical radiopharmaceuticals we need for our nuclear imaging
products and nuclear services. We believe having it back online
will allow us and our physician customers to get back into a normal
rhythm of service."
About Digirad Corporation Digirad markets
medical diagnostic imaging systems and personnel and equipment
leasing services for cardiac, vascular, and general imaging
applications. Digirad's installed base of equipment exceeds 700
systems. Digirad also performs leasing services with its portable
fleet of more than 145 nuclear and ultrasound imaging systems in 21
states. For more information, please visit www.digirad.com.
Digirad®, Digirad Imaging Solutions®, and Cardius® are registered
trademarks of Digirad Corporation.
Forward-Looking Statements This press
release contains statements that are forward-looking statements as
defined within the Private Securities Litigation Reform Act of
1995. These include statements regarding the efficacy of Digirad's
centers of influence model, the status of the negotiation of the
sale or closure of underperforming hub locations, and the ability
to achieve positive cash flow and profitability, drive technology
progress and improve services utilization to grow market share.
These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from the statements made, including the risks associated with
changes in business conditions, technology, customers' business
conditions, work force, suppliers, business prospects, economic
outlook, operational policy or structure, acceptance and use of
Digirad's camera systems and services, reliability, recalls, and
other risks detailed in Digirad's filings with the U.S. Securities
and Exchange Commission, including Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and
other reports. Readers are cautioned to not place undue reliance on
these forward looking statements, which speak only as of the date
hereof. All forward looking statements are qualified in their
entirety by this cautionary statement, and Digirad undertakes no
obligation to revise or update the forward looking statements
contained herein.
Investor Contact: Matt Clawson Allen & Caron
949-474-4300 Company Contact: Todd Clyde Chief
Executive Officer 858-726-1600
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