MediVators definition
MediVators or the "Company") designs, manufactures and markets endoscopic infection control equipment and medical waste disposal equipment and related supplies. As of December 31, 1994, the Company had sold approximately 990 endoscope disinfection systems. The Company's disinfection systems are used for disinfecting flexible endoscopes which are slender, tubular, fiber optic medical devices inserted into the body through the mouth or rectum to allow visual examination of hollow organs such as the stomach and colon. The endoscope market has been growing rapidly over the last five years as a cost effective alternative to exploratory surgery. Endoscopes are now commonly used in doctors' offices, hospitals and clinics and must be thoroughly cleaned and disinfected after each use. As a result of the expanded use of endoscopes, the U.S. Centers for Disease Control ("CDC"), the American Society for Gastrointestinal Endoscopy and the Society of Gastrointestinal Nurses and Associates, Inc. have adopted guidelines for endoscope disinfection. The Company's disinfection systems are intended to enable users of flexible endoscopes to comply with these guidelines. MediVators' first endoscope disinfection system, the ▇▇▇ Disinfector, was developed by the Mayo Clinic and is manufactured and marketed by the Company pursuant to an exclusive license granted by Mayo Foundation for Medical Education and Research ("Mayo Foundation") which expires in 2005. The Company's DSD-91, a microprocessor controlled dual scope disinfection system, received FAS clearance on March 15, 1994. In January 1992, MediVators, through a wholly-owned subsidiary, Disposal Sciences, Inc. ("DSI") acquired the assets of National Syringe Disposal, Inc., which manufactured and marketed the DSI-100 compact sharps disposal system for medical sharps such as syringes, scalpels and razors. The DSI-100 system provides point-of-use destruction and decontamination of most types of disposable medical sharps waste. The Company redesigned the DSI-100 into the DSI-107 to improve capacity and reliability. The redesigned DSI-107 is primarily suitable for low volume users such as medical offices. DSI has completed development of the DSI System 2000 Infectious Medical Waste Disposal System, a higher-volume system that is intended for hospital use. The DSI System 2000 Infectious Medical Waste Disposal System is a centralized disposal unit that will handle filled medical sharps collection devices and rigid plastics. MedFab, the Company...