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OUR LAST ALERT - UP 29 %
THIS WEEK – RUBICON MEDICAL (RMDC)
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Our
last Special Situations Alert gained 29% immediately
after our introduction. This week, we present RUBICON
MEDICAL, INC. (OTC BB: RMDC) – named as one of
the TOP 100 public companies by Utah business (May 2002).
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RMDC has developed some of the most advanced patented
medical devices that treat and prevent complications
in interventional cardiology, radiology and peripheral
interventional radiology – a $1 Billion market!
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RMDC has already licensed its technology to Abbott Labs
(NYSE: ABT) in a deal worth almost 30 cents a share
to the company !! Amazingly, RMDC trades at just 40
cents per share !
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With other significant products in the pipeline, 756%
annual increase in revenues since 1999, experienced
management and a relatively low priced stock, watch
for strong investor interest in RMDC in the near future.
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www.equityalert.com

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EQ
Rubicon Medical Announces Plans for a CE Mark Clinical
Study
To Obtain Regulatory Approval in Europe for the Rubicon
Filter
SALT
LAKE CITY, Aug. 5 /PRNewswire-FirstCall/ -- Rubicon Medical
Corporation (OTC Bulletin Board: RMDC), a developer and
manufacturer of medical devices and products, today announced
plans for a CE Mark clinical study of the Rubicon Filter
in Europe. The study will test the Rubicon Filter in saphenous
vein grafts (SVGs), which are degenerated coronary bypass
grafts in which blockages have reappeared following heart
bypass surgery. The CE Mark is the regulatory approval that
must be obtained in order to market a medical device in
the European Union.
"We
will soon begin the process for regulatory approval of
the Rubicon Filter in the European Union for SVG patients.
Our research and development team has worked under an
accelerated schedule, and we plan to commence clinical
studies in either the 4th quarter of 2002, or 1st quarter
of 2003. These studies are anticipated to take 3-4 months
to complete," stated Mr. Richard J. Linder, Rubicon
President and CEO. Linder also noted that "We have
completed feasibility testing at the Utah Artificial Heart
Institute, and we plan to begin the FDA approval process
after the CE Mark studies have been completed."
The
Rubicon Filter is an embolic filter, a medical device
designed to be inserted into a blood vessel and allow
blood to continue flowing during a surgical procedure,
while blocking any particle large enough to cause damage
to the body. During many coronary vascular procedures,
a principal risk is that plaque material from a coronary
blockage can be dislodged to travel through the body.
Such loose particles can block other blood vessels (a
condition called embolization) and cause a stroke, heart
attack or other very serious problem. The Rubicon Filter
is designed to prevent or reduce the possibility of serious
or fatal embolization caused by such loose particles.
In addition, the Rubicon Filter is the smallest known
embolic protection filter device in existence. Although
similar devices currently are in use in other countries,
no other filter device similar to the Rubicon Filter has
yet been approved for use in the United States. When inserted
into a coronary artery past an atherosclerotic (plaque)
blockage, the Rubicon Filter's extremely small size will
greatly reduce the risk of breaking free particles that
can cause serious injury to the patient during passage
of the filter.
The
Rubicon Filter's small size also means it will be much
simpler and easier for surgeons to navigate it through
coronary arteries. Rubicon believes that the filter's
advanced features and ease of use will present a significant
improvement for interventional physicians over existing
filter technologies marketed by Boston Scientific, Guidant,
Medtronic and Cordis (Johnson & Johnson). The worldwide
market for embolic protection devices such as the Rubicon
Filter is estimated at a potential $1 billion dollars
annually.
"The
commencement of European studies re-affirms our commitment
to conduct our own clinical studies, grow our business
and to market our own proprietary technologies worldwide.
We believe that once we obtain regulatory approvals, the
Rubicon Filter will become a standard choice of interventional
physicians," Mr. Linder continued.
Randall
Higashida, MD, Rubicon's Medical Director, stated: "I
am very excited with the efforts Rubicon has invested
in the Rubicon Filter for SVG patients. The Rubicon Filter,
once approved in the U.S. and Europe, holds the potential
to make these coronary procedures safer for SVG patients,
and we intend to establish this through clinical research."
Dr. Higashida is the Chief of Interventional Neuro-Radiology
at the University of California at San Francisco, President
of the American Society of Interventional Therapeutic
Neuroradiology (ASITN), and Chairman of the American Heart
Association's Committee on Cerebrovascular Disease.
About
Rubicon Medical
Rubicon
Medical Corporation is a Salt Lake City-based developer
and manufacturer of interventional vascular medical devices
and products. The Company focuses on minimally invasive
endovascular techniques and products that are safer and
more cost effective than surgery. Rubicon was proud to
be named one of the Top 100 Utah public companies by Utah
Business magazine in May 2002.
Rubicon
has licensed a different embolic protection product, the
Guardian system, to Abbott Laboratories, which will conduct
the FDA regulatory approval process for the Guardian in
the United States and also the CE Mark clinical study
program in Europe.
Forward-Looking
- Statements
- All forward-looking statements in this release
are based upon information available to the Company on
the date of this release. Any forward-looking statements
involve risks and uncertainties, including those risks
and uncertainties described in the Company's filings with
the Securities and Exchange Commission, that could cause
actual events or results to differ materially from the
events or results described in the forward-looking statements,
whether as a result of new information, future events
or otherwise. The Rubicon Filter and Guardian devices
have not yet been approved for sale in the U.S. or Europe,
and no assurance exists that such approvals will be obtained;
Readers should not place undue reliance on these forward-looking
statements.
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