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	<title>Symptom Advice .com &#187; innovative technologies</title>
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		<title>Hologic Acquires Interlace Medical</title>
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		<pubDate>Sat, 08 Jan 2011 22:00:13 +0000</pubDate>
		<dc:creator>Symptom Advice</dc:creator>
				<category><![CDATA[cervical symptoms]]></category>
		<category><![CDATA[holx]]></category>
		<category><![CDATA[innovative technologies]]></category>
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		<description><![CDATA[Posted on: Friday, 7 January 2011, 06:00 CST BEDFORD, Mass., Jan. 7, 2011 /PRNewswire/ &#8212; Hologic, Inc. (Hologic &#111;&#114; the Company) (Nasdaq: HOLX), a leading developer, manufacturer and supplier &#111;&#102; premium diagnostics, medical imaging systems and surgical products dedicated to serving the healthcare needs &#111;&#102; women, announced today &#105;&#116; &#104;&#097;&#115; &#097;&#099;&#113;&#117;&#105;&#114;&#101;&#100; Interlace Medical, Inc. (Interlace), [...]]]></description>
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<p>Posted on: Friday, 7 January 2011, 06:00 CST </p>
<p>BEDFORD, Mass., Jan. 7, 2011 /PRNewswire/ &#8212; Hologic, Inc. (Hologic &#111;&#114; the Company) (Nasdaq: HOLX), a leading developer, manufacturer and supplier &#111;&#102; premium diagnostics, medical imaging systems and surgical products dedicated to serving the healthcare needs &#111;&#102; women, announced today &#105;&#116; &#104;&#097;&#115; &#097;&#099;&#113;&#117;&#105;&#114;&#101;&#100; Interlace Medical, Inc. (Interlace), the developer and manufacturer &#111;&#102; the MyoSure hysteroscopic tissue removal system (MyoSure). Interlace&#8217;s operations &#119;&#105;&#108;&#108; &#098;&#101; integrated within Hologic&#8217;s GYN Surgical Products division.</p>
<p>&#8220;The acquisition &#111;&#102; Interlace is consistent &#119;&#105;&#116;&#104; our strategy to strengthen our leadership position &#105;&#110; women&#8217;s healthcare,&#8221; &#115;&#097;&#105;&#100; Steve Williamson, Senior Vice President and General Manager, GYN Surgical Products. &#8220;MyoSure is an innovative technology that is designed to safely and easily remove fibroids and polyps that plague millions &#111;&#102; women. &#116;&#104;&#105;&#115; product is a natural extension &#111;&#102; our industry-leading OB/GYN product portfolio &#119;&#104;&#105;&#099;&#104; &#110;&#111;&#119; &#112;&#114;&#111;&#118;&#105;&#100;&#101;&#115; women &#119;&#105;&#116;&#104; minimally-invasive treatment options &#8211; &#102;&#114;&#111;&#109; their child bearing years to menopause. The strong clinical performance and ease &#111;&#102; use &#111;&#102; the MyoSure device make &#105;&#116; a natural fit &#119;&#105;&#116;&#104; our NovaSure endometrial ablation and Adiana permanent contraception product lines.&#8221;</p>
<p>Interlace, a privately-held company headquartered &#105;&#110; Framingham, Massachusetts, is dedicated to developing innovative technologies to treat common gynecological diseases for improved patient outcomes &#119;&#104;&#105;&#108;&#101; simplifying physician adoption and reducing the cost &#111;&#102; healthcare. </p>
<p>The purchase price for the transaction was $125 million &#105;&#110; cash, subject to adjustment, &#112;&#108;&#117;&#115; &#116;&#119;&#111; annual contingent payments. The contingent payments &#119;&#105;&#108;&#108; &#098;&#101; payable &#105;&#110; cash and &#101;&#097;&#099;&#104; &#119;&#105;&#108;&#108; &#098;&#101; calculated as a multiple &#111;&#102; the incremental revenue growth over the prior year. </p>
<p><b>About MyoSure</b></p>
<p>In the United States, &#116;&#104;&#101;&#114;&#101; &#097;&#114;&#101; approximately 5 million women suffering &#102;&#114;&#111;&#109; symptomatic fibroids &#111;&#114; polyps who &#099;&#097;&#110; &#098;&#101; treated &#119;&#105;&#116;&#104; the MyoSure procedure. Symptomatic fibroids &#111;&#114; polyps &#099;&#097;&#110; &#098;&#101; debilitating and often &#097;&#114;&#101; accompanied by heavy menstrual bleeding, pelvic cramping and pain &#119;&#105;&#116;&#104; periods. The MyoSure system is a new and innovative treatment that is designed to provide incision-less, &#102;&#097;&#115;&#116; and safe removal &#111;&#102; intracavitary fibroids and polyps and effective relief &#111;&#102; the associated abnormal uterine bleeding symptoms. The MyoSure system &#112;&#114;&#111;&#118;&#105;&#100;&#101;&#115; a treatment option for women seeking to preserve uterine form and function. The easy-to-use device is designed to provide gynecologists &#119;&#105;&#116;&#104; confidence and control &#118;&#105;&#097; a minimally-invasive care option for their patients. Clinical studies show the efficacy rate for hysteroscopic removal &#111;&#102; fibroids is very high &#119;&#105;&#116;&#104; close to 96 percent &#111;&#102; patients receiving symptom resolution and less than 10 percent recurrence at five years. </p>
<p>&#8220;The Interlace acquisition &#103;&#105;&#118;&#101;&#115; Hologic a minimally-invasive treatment option for uterine fibroids and polyps,&#8221; &#115;&#097;&#105;&#100; Dr. Edward Evantash, Medical Director and Vice President Medical Affairs. &#8220;Women &#119;&#105;&#116;&#104; these uterine abnormalities typically suffer &#102;&#114;&#111;&#109; heavy periods, discomfort, and infertility. The MyoSure system is designed to &#097;&#108;&#108;&#111;&#119; physicians to remove these abnormalities safely and effectively &#119;&#105;&#116;&#104; &#108;&#105;&#116;&#116;&#108;&#101; to &#110;&#111; recovery time &#119;&#104;&#105;&#108;&#101; preserving the uterus.&#8221; </p>
<p>Hologic &#119;&#105;&#108;&#108; roll &#111;&#117;&#116; physician training and education programs for MyoSure, culminating &#105;&#110; the full integration and promotion &#111;&#102; the product &#105;&#110; early 2011.</p>
<p>&#8220;We &#097;&#114;&#101; excited to &#098;&#101; joining Hologic to build upon the early success &#111;&#102; MyoSure,&#8221; &#115;&#097;&#105;&#100; &#098;&#105;&#108;&#108; Gruber, President and CEO &#111;&#102; Interlace. &#8220;Hologic &#104;&#097;&#115; established &#105;&#116;&#115;&#101;&#108;&#102; as the leader &#105;&#110; women&#8217;s health &#119;&#105;&#116;&#104; best-in-class products, medical education, and physician training, service and support capabilities. By joining forces, &#119;&#101; &#097;&#114;&#101; confident &#119;&#101; &#099;&#097;&#110; &#103;&#105;&#118;&#101; more women &#105;&#110; &#110;&#101;&#101;&#100; access to the MyoSure treatment.&#8221;</p>
<p><b>About Hologic, Inc.</b></p>
<p>Hologic, Inc. is a leading developer, manufacturer and supplier &#111;&#102; premium diagnostics products, medical imaging systems and surgical products dedicated to serving the healthcare needs &#111;&#102; women. Hologic&#8217;s core business units &#097;&#114;&#101; focused on breast health, diagnostics, GYN surgical, and skeletal health. Hologic &#112;&#114;&#111;&#118;&#105;&#100;&#101;&#115; a comprehensive suite &#111;&#102; technologies &#119;&#105;&#116;&#104; products for mammography and breast biopsy, radiation treatment for early-stage breast cancer, cervical cancer screening, treatment for menorrhagia and uterine fibroids, permanent contraception, osteoporosis assessment, preterm birth risk assessment, mini C-arm for extremity imaging and molecular diagnostic products including HPV and reagents for a variety &#111;&#102; DNA and RNA analysis applications. For more information, visit hologic.com<u>.</u></p>
<p>Adiana, Hologic, Interlace, MyoSure, NovaSure and associated logos &#097;&#114;&#101; trademarks and/or registered trademarks &#111;&#102; Hologic, Inc. and/or its subsidiaries &#105;&#110; the United States and/or other countries.</p>
<p><b>About Interlace Medical</b></p>
<p>Interlace (myosure.com) is dedicated to developing innovative medical device solutions that improve patient outcomes, simplify physician adoption and reduce the cost &#111;&#102; healthcare. Interlace seeks to address the &#110;&#101;&#101;&#100; for safer, less invasive gynecological procedures by developing cost effective, technologically advanced devices that improve patient care, reduce costs, and provide procedural confidence to physicians. The company previously received funding &#102;&#114;&#111;&#109; the &#102;&#111;&#108;&#108;&#111;&#119;&#105;&#110;&#103; investors: Spray Venture Partners, New Leaf Venture Partners, Baird Venture Partners, HLM Venture Partners, Hambrecht &amp; Quist Capital Management LLC and Aperture Venture Partners.</p>
<p><b>Forward-Looking Statement Disclaimer</b></p>
<p>This News Release contains forward-looking information that involves risks and uncertainties, including statements &#097;&#098;&#111;&#117;&#116; the Company&#8217;s plans, objectives, expectations and intentions. Such statements include, without limitation, statements &#114;&#101;&#103;&#097;&#114;&#100;&#105;&#110;&#103; the anticipated benefits &#111;&#102; the acquisition and Interlace&#8217;s products. These forward-looking statements &#097;&#114;&#101; subject to known and unknown risks and uncertainties that could &#099;&#097;&#117;&#115;&#101; actual results to differ materially &#102;&#114;&#111;&#109; &#116;&#104;&#111;&#115;&#101; anticipated. Risks and uncertainties that may affect the Company&#8217;s ability to &#099;&#097;&#117;&#115;&#101; actual results to vary materially, include, among &#111;&#116;&#104;&#101;&#114;&#115;: problems may arise &#119;&#105;&#116;&#104; the ability to successfully integrate the businesses &#111;&#102; Hologic and Interlace, &#119;&#104;&#105;&#099;&#104; may result &#105;&#110; the combined company &#110;&#111;&#116; operating as effectively and efficiently as expected; the Company may &#110;&#111;&#116; &#098;&#101; &#097;&#098;&#108;&#101; to achieve the expected synergies &#102;&#114;&#111;&#109; the acquisition &#111;&#114; &#105;&#116; may take longer than expected to achieve &#116;&#104;&#111;&#115;&#101; synergies; the early stage &#111;&#102; development &#111;&#102; Interlace and its products; reimbursement risks relating to the use &#111;&#102; Interlace&#8217;s products; the acquisition may involve unexpected costs &#111;&#114; unexpected liabilities, &#111;&#114; the effects &#111;&#102; purchase accounting may &#098;&#101; different &#102;&#114;&#111;&#109; the Company&#8217;s expectations; risks related to the use and protection &#111;&#102; Interlace&#8217;s intellectual property and expenses and uncertainties relating to litigation &#119;&#105;&#116;&#104; respect thereto. Moreover, the combined business &#111;&#102; Interlace may &#098;&#101; adversely affected by future legislative, regulatory, &#111;&#114; tax &#099;&#104;&#097;&#110;&#103;&#101;&#115; as well as other economic, business and/or competitive factors. The risks included above &#097;&#114;&#101; &#110;&#111;&#116; exhaustive. Other factors that could adversely affect the Company&#8217;s business and prospects &#097;&#114;&#101; &#100;&#101;&#115;&#099;&#114;&#105;&#098;&#101;&#100; &#105;&#110; the Company&#8217;s filings &#119;&#105;&#116;&#104; the Securities and Exchange Commission. Hologic expressly disclaims any obligation &#111;&#114; undertaking to release publicly any updates &#111;&#114; revisions to any such statements presented herein to reflect any change &#105;&#110; the Company&#8217;s expectations &#111;&#114; any change &#105;&#110; events, conditions &#111;&#114; circumstances on &#119;&#104;&#105;&#099;&#104; any such statements &#097;&#114;&#101; based.</p>
<p> Contact: Deborah Gordon Lindsay Philbrick Vice President, Investor Relations Marketing Manager Hologic, Inc. Hologic, Inc. (781) 999-7716 (508) 263-8899
<p>More News &#105;&#110; &#116;&#104;&#105;&#115; Category</p></p>
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