ZOLL Medical Corporation (Nasdaq GS: ZOLL), a manufacturer of
resuscitation devices and related software solutions, has received
approval from the U.S. Food and Drug Administration (FDA) to market and
sell a new model of the LifeVest® wearable defibrillator.
The LifeVest wearable defibrillator is worn by patients at risk for
sudden cardiac arrest (SCA), allowing their physicians time to assess
their long-term arrhythmic risk and make appropriate plans, including
potentially the decision to implant a cardioverter defibrillator (ICD).
The LifeVest is lightweight and easy to wear, allowing patients to
return to their activities of daily living, while having the peace of
mind that they are protected from SCA. Today over 2,000 patients are
currently wearing the LifeVest.
"With the FDA approval of this additional LifeVest model, we are
increasing inventory levels to provide improved customer service to
support our continued growth,” said Richard A. Packer, Chairman and
Chief Executive Officer of ZOLL. "The flexibility to grow inventory in
response to business needs positions us well to execute our aggressive
field force expansion to reach our goal of 86 representatives in the
U.S. by fiscal year-end.” Mr. Packer went on to say, "We are pleased to
be able to focus on meeting physicians’ needs for this lifesaving
therapy for their patients.”
The LifeVest is rented to patients like other durable medical equipment
(DME), allowing physicians to provide the patient the protection of the
LifeVest by placing a medical order directly with ZOLL. From this point,
ZOLL manages the process to protect the patient from sudden cardiac
arrest from hospital discharge to recovery at home, including fitting
the LifeVest to the patient, educating the patient in the hospital prior
to release, managing all of medical documentation and insurance
paperwork, and addressing via telephone and in person any patient needs
once home.
About ZOLL Medical Corporation
ZOLL Medical Corporation is committed to developing technologies that
help advance the practice of resuscitation and temperature control
therapies for the treatment of critical care patients. With products for
pacing, defibrillation, circulation, temperature management, and fluid
resuscitation, ZOLL provides a comprehensive set of technologies,
including Real CPR Help® and See-Thru CPR®, which
help clinicians, EMS professionals, and lay rescuers resuscitate sudden
cardiac arrest or trauma victims. ZOLL also designs and markets software
that automates the documentation and management of both clinical and
non-clinical information.
ZOLL markets and sells its products in more than 140 countries. The
Company has direct operations, distributor networks, and business
partners throughout the U.S., Canada, Latin America, Europe, the Middle
East and Africa, Asia, and Australia. During 2008 ZOLL marked the 25th
anniversary of the Company’s resuscitation product development. For more
information, visit www.zoll.com.
Certain statements contained in this press release, including
statements regarding the future business of the Company, and other
statements contained herein regarding matters that are not historical
facts, are "forward-looking” statements (as defined in the Private
Securities Litigation Reform Act of 1995). Because such statements are
subject to risks and uncertainties, actual results may differ materially
from those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements include, but are
not limited to, those factors discussed in the section entitled "Risk
Factors” in the Company's Quarterly Report on Form 10-Q filed with the
SEC on August 7, 2009. You should not place undue reliance on the
forward-looking statements in this press release, and the Company
disavows any obligation to update or supplement those statements in the
event of any changes in the facts, circumstances, or expectations that
underlie those statements.
Copyright © 2009 ZOLL Medical Corporation. All rights reserved. 269 Mill
Road, Chelmsford, MA 01824-4105. ZOLL, LifeVest, Real CPR Help, and
See-Thru CPR are registered trademarks of ZOLL Medical Corporation. All
product names are the property of their respective owners.
