EDAP International
This article was originally published in The Gray Sheet
Executive Summary
Acquires "certain assets" of Technomed International including exclusive U.S. distribution rights for Technomed's Sonolith lithotripter, Pulsolith laser lithotripter and Prostatron thermal therapy device. Earlier this year, EDAP's French parent company, EDAP International SA, "purchased the licenses, patents and manufacturing facility" of Technomed's parent in France (Technomed International SA), which had filed for bankruptcy in September 1993, according to EDAP. The company says Technomed will no longer be doing business in the U.S. A newly formed EDAP Technomed group will provide "continued sales, service and technical expertise" for Sonolith and Pulsolith customers. EDAP says it has completed 95% of a premarket approval application for the Prostatron for the treatment of benign prostrate hyperplasia and plans to submit the PMA in January 1995