Biosite(R) Incorporated and Fisher Healthcare Sign Three-Year Distribution Agreement
October 25 2005 - 5:05PM
PR Newswire (US)
SAN DIEGO, Oct. 25 /PRNewswire-FirstCall/ -- Biosite Incorporated
(NASDAQ:BSTE) and Fisher HealthCare, a unit of Fisher Scientific
International Inc. (NYSE:FSH), today announced they have renewed
their distribution relationship. The renewal becomes effective on
January 1, 2006. The new agreement extends the companies'
relationship, which commenced in 1991, through 2008 and positions
Fisher HealthCare as the primary distributor of Biosite's complete
line of innovative diagnostic products to U.S. hospitals. In
addition, Fisher will continue to serve as a distributor of Biosite
products to U.S. physician offices. "This agreement provides
Biosite and our customers with dual advantages," said Kim
Blickenstaff, Biosite's chairman and chief executive officer. "Not
only does it provide us with a powerful sales force in the
healthcare markets we serve, but it also allows us to take
advantage of Fisher HealthCare's logistical distribution expertise,
ensuring high quality access for our U.S. customers." About Biosite
Incorporated Biosite Incorporated is a leading bio-medical company
commercializing proteomics discoveries for the advancement of
medical diagnosis. The Company's products contribute to
improvements in medical care by aiding physicians in the diagnosis
of critical diseases and health conditions. Biosite's Triage(R)
rapid diagnostics are used in approximately 50 percent of U.S.
hospitals and in more than 50 international markets. Information on
Biosite can be found at http://www.biosite.com/. Fisher Scientific:
A World Leader in Serving Science Fisher Scientific International
Inc. (NYSE:FSH) is a leading provider of products and services to
the scientific community. Fisher facilitates discovery by supplying
researchers and clinicians in labs around the world with the tools
they need. Fisher serves pharmaceutical and biotech companies;
colleges and universities; medical-research institutions;
hospitals; reference, quality-control, process-control and R&D
labs in various industries; as well as government agencies. From
biochemicals, cell-culture media and proprietary RNAi technology to
rapid-diagnostic tests, safety products and other consumable
supplies, Fisher provides more than 600,000 products and services.
This broad offering, combined with Fisher's globally integrated
supply chain and unmatched sales and marketing presence, helps make
the Company's 350,000 customers more efficient and effective at
what they do. Founded in 1902, Fisher Scientific is a FORTUNE 500
company and is a component of the S&P 500 Index. Fisher has
approximately 17,500 employees worldwide, and its annual revenues
are expected to exceed $5.5 billion in 2005. Fisher Scientific is a
company committed to high standards and delivering on its promises
-- to customers, shareholders and employees alike. Additional
information about Fisher is available on the company's Web site at
http://www.fisherscientific.com/. About Fisher HealthCare Fisher
HealthCare is a leading supplier of diagnostic tests, equipment,
chemicals, and other products used by national laboratory networks,
independent clinical laboratories, hospitals, and physicians'
offices. Information about Fisher HealthCare and its products is
available on the company's Web site at http://www.fishersci.com/.
Except for the historical information presented herein, matters
discussed in this press release are forward-looking statements that
involve risks and uncertainties that could cause actual results to
differ materially from any future results, performance or
achievements expressed or implied by such statements. Statements
that are not historical facts, including but not limited to
statements that are preceded by, followed by, or that include the
words "will"; "believes"; "should"; "intends"; "anticipates";
"plans"; "expects"; "estimates"; or similar statements are
forward-looking statements. Risks include Fisher's ability to
continue to distribute Biosite products in the U.S. hospital and
physician office markets, risks and expenses associated with
litigation, contract disputes, patent conflicts, product recalls,
manufacturing constraints, backlog, delays or inefficiencies,
shipment problems, seasonal customer demand, the timing of
significant orders, changes in reimbursement policies, regulatory
changes, competitive pressures on average selling prices, and the
other risks detailed in Biosite's most recent Annual Report on Form
10-K, as amended, and other SEC filings. In addition, under certain
specific circumstances either party may elect to terminate this
agreement prior to its scheduled expiration. Biosite disclaims, any
intent or obligation to update these forward-looking statements.
Copies of Biosite's public disclosure filings are available from
its investor relations department. Biosite(R) and Triage(R) are
registered trademarks of Biosite Incorporated. New Dimensions in
Diagnosis(TM) and the Company's logo are trademarks of Biosite
Incorporated. DATASOURCE: Biosite Incorporated CONTACT: Nadine
Padilla, VP, Corporate & Investor Relations, Biosite
Incorporated, +1-858-455-4808 ext. 3187, Web site:
http://www.fishersci.com/ Web site:
http://www.fisherscientific.com/ Web site: http://www.biosite.com/
Company News On-Call: http://www.prnewswire.com/comp/116737.html
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