Navigation Links
Paradigm Business Update as of November 30, 2011
Date:12/6/2011

SALT LAKE CITY, Dec. 6, 2011 /PRNewswire/ -- Paradigm Medical Industries, Inc. (OTC.PK:PDMI) announced that it is continuing to move forward with its growth and expansion plans in spite of the limited working capital and market concerns it has had to confront.

"The past three years have tested the mettle of Paradigm, its shareholders and remaining loyal employees. As the very difficult year of 2011 comes to a close, Paradigm remains hopeful it will see the DTC "chill" removed on its stock, new financial support, and a new plan to allow Paradigm to move forward in 2012 and beyond,"  said Stephen Davis, Paradigm President and Chief Executive Officer.

Paradigm Medical is also moving ahead in its effort to re-certify its new facility for ISO, CE and FDA regulatory standards. When completed, this effort will result in increased world wide availability of Paradigm's manufactured products.   It is and will remain Paradigm's intent to be totally complaint with all FDA requirements in the United States and all other regulatory requirements internationally.

Paradigm is also directly supporting the new 510(k) application being submitted to the Federal Drug Administration (FDA) for the Paramax™. "Paradigm will be working closely with this new application process with Costruzione Strumenti Oftalmici (CSO), its Italian partner which manufactures the Paramax™.  Paradigm is hopeful the FDA review will be a more favorable response this time," said Mr. Davis.  

Mr. Davis also noted: "The Paramax represents one of the most reliable and durable early glaucoma diagnostic devices available in the U.S. market.  It provides the earliest diagnosis of glaucoma available, potentially saving the vision for many who would have otherwise lost it."

About Paradigm Medical Industries, Inc.Paradigm Medical Industries, Inc. is a medical device company that develops, manufactures and distributes ophthalmic diagnostic instruments and related products for early detection of glaucoma and other eye disorders. The Company's primary objective is to capture a niche market within the glaucoma and ultrasound microscopy fields. The Company markets its products to ophthalmologists, optometrists, universities, and clinics throughout the United States and internationally.

This press release contains statements that, if not verifiable historic fact, may be viewed as forward-looking statements that could predict future events and outcomes with respect to Paradigm and its business. The predictions embodied in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.Contact: Stephen L. Davis President and Chief Executive Officer801-977-8970 www.paradigm-medical.com
'/>"/>

SOURCE Paradigm Medical Industries, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. New White Paper for Dietary Supplement Manufacturers Provides How-to for New FDA Compliance Paradigm
2. Molecular Devices Releases Breakthrough TUNE Technology, Now Part of the SpectraMax® Paradigm® Multi-Mode Microplate Detection Platform
3. Paradigm is Successful at Annual Vision Source Meeting in Houston, Texas
4. RSB Spine, LLC, Announces Distribution Agreement with Paradigm BioDevices, Inc.
5. Study Results Present Paradigm Shift; REDUCE Trial Shows New Hope for the Risk Reduction of Prostate Cancer
6. Changing Paradigms in Hereditary Angioedema: A Focus on Prompt Diagnosis and New Therapies
7. Topical Treatment for Cold Sores Achieves Efficacy of Oral Drugs; Represents Paradigm Shift in the Treatment of Skin Infections
8. Hybrid Fuels, Inc. Announces New Business Strategy
9. Millstone Medical Outsourcing Hires Veteran VP of Business Development to Support OEMs from Warsaw, IN
10. NCPA Launches Initiative to Help Independent Community Pharmacies Create Better Business Opportunities for Front-End Merchandise
11. Ultragenyx Appoints Tom Kassberg as Chief Business Officer and Announces Management Team
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/2/2017)... Oct. 2, 2017  Eli Lilly and Company (NYSE: ... for the third quarter of 2017 on Tuesday, October ... on that day with the investment community and media ... The conference call will begin at 9 a.m. Eastern ... a live webcast of the conference call through a ...
(Date:9/28/2017)... 28, 2017 Cohen Veterans Bioscience and Early ... of wearable and home sensors for real-time monitoring of ... Foundation, a nonprofit organization focused on disruptive health solutions ... affordable analytical system to record and integrate behavioral, cognitive, ... ...
(Date:9/23/2017)... Sept. 22, 2017 Janssen Biotech, Inc. (Janssen) ... letter from the U.S. Food and Drug Administration (FDA) ... sirukumab for the treatment of moderately to severely active ... clinical data are needed to further evaluate the safety ... active RA. ...
Breaking Medicine Technology:
(Date:10/13/2017)... ... ... Global Healthcare Management’s 4th Annual Kids Fun Run brought out many kids ... sponsored by Global Healthcare Management’s CEO, Jon Letko, is aimed at getting kids excited ... all ages; it is a non-competitive, non-timed event, which is all about having fun ...
(Date:10/13/2017)... ... ... Journey: From the Mountains to the Mission Field”: the story of a missionary couple ... From the Mountains to the Mission Field” is the creation of published author, Carole ... and currently teaches a class of ladies at her church, which she has taught ...
(Date:10/12/2017)... LA (PRWEB) , ... October 12, 2017 , ... Planet ... in the U.S., announced today its plans to open a flagship location in Covington, ... occupy the former Rooms To Go store next to Office Depot in the Holiday ...
(Date:10/12/2017)... ... October 12, 2017 , ... Asante, ... post-acute health care, have expanded their existing home health joint venture through an ... has been operating a joint venture home health company with Asante, delivering clinically ...
(Date:10/12/2017)... ... October 12, 2017 , ... Leading pediatric oncology experts at ... D.C., for the 49th Congress of the International Society of Paediatric Oncology ... the Center for Cancer and Blood Disorders at Children’s National, and Stephen ...
Breaking Medicine News(10 mins):