Photo Release -- CASMED Receives FDA Clearance for Next-Generation Vital Signs Monitor and Blood Pressure Solution
BRANFORD, Conn., June 4, 2013 (GLOBE NEWSWIRE) -- (Nasdaq:CASM) (CASMED), a leader in medical devices for non-invasive patient monitoring, announces receipt of U.S. Food and Drug Administration (FDA) 510(k) clearance for its next-generation 740 SELECT vital signs monitor and its MAX IQ non-invasive blood pressure technology. The Company expects to begin fulfilling orders for these products during the third quarter of 2013.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=19129
"Our distribution channel has been eagerly awaiting regulatory clearance of the 740 SELECT, providing state-of-the-art improvements to a 10-year-old product line," said Thomas M. Patton, President and Chief Executive Officer of CASMED. "The 740 SELECT has significantly upgraded features, including touchscreen controls and customizable information displays and is offered with the newest technology available from our pulse oximetry partners. Our MAX IQ next generation non-invasive blood pressure platform allows us to offer various cost effective solutions to our OEM partners. Combined with FDA clearance of our FORE-SIGHT ELITE Cerebral Oximeter in April, CASMED is now well-positioned to approach the marketplace with three entirely new products in the second half of the year."
CASMED's legacy 740 Monitor is a highly regarded brand known for portability and performance in rugged environments. Since its introduction in 2003, the product has enjoyed acceptance around the world, including the sale of more than 16,000 monitors to the U.S. Veterans Administration alone. The Company's new 740 SELECT monitor can be configured with various parameters in addition to MAX IQ non-invasive blood pressure, including predictive temperature, and/or pulse oximetry solutions, making CASMED monitors ideal for a range of human and veterinary clinical settings.
"This approval is another significant milestone for CASMED as we execute on the growth strategy adopted two years ago, and sets the stage to deliver cutting edge technology to our strengthened distribution channels," Mr. Patton continued.
CASMED is a leading developer and manufacturer of medical devices for non-invasive patient monitoring. The Company's FORE-SIGHT Absolute Cerebral Oximeter provides a highly accurate, non-invasive, continuous measurement of absolute cerebral tissue oxygen saturation. Direct monitoring of tissue oxygenation provides a superior and powerful tool to alert clinicians to otherwise unrecognized and dangerously low levels of oxygenation of the brain and other tissues, thereby allowing them to intervene appropriately in the care of their patients. In addition to FORE-SIGHT Oximeters and accessories, the Company provides a line of bedside patient vital signs monitoring products, proprietary non-invasive blood pressure monitoring solutions for OEM use, neonatal intensive care supplies, and service. CASMED products are designed to provide unique monitoring solutions that are vital to patient care. For more information regarding CASMED, visit the Company's website at www.casmed.com.
CAS Medical Systems, Inc.
Jeffery A. Baird
Chief Financial Officer
The photo is also available via AP PhotoExpress.