NeuroMetrix Inc. Resolves Questions From the Louisiana State Board of Medical Examiners
Posted on: Wednesday, 21 December 2005, 15:00 CST
NeuroMetrix, Inc. (Nasdaq: NURO) announced today that it has resolved questions expressed by the Louisiana State Board of Medical Examiners regarding the Company's NC-stat System. The specific question related to whether out of state unlicensed practitioners were involved in interpretation of nerve conduction studies performed with the NC-stat device. The State Board unambiguously concluded, "...that the interpretation of nerve conduction testing performed using this machine was not being done by out of state unlicensed practitioners" and that "Neuro Metrix and the NCStat device are not in violation of the state Medical Practice Act ..."
The Board's final decision on this matter is documented in a letter to the Company dated December 16, 2005, a copy of which is available at http://www.neurometrix.com/misc%20pdf/louisiana.pdf.
About NeuroMetrix
NeuroMetrix is a medical device company establishing a new standard of care through the design, development and sale of proprietary products used to diagnose neuropathies. Neuropathies are diseases of the peripheral nerves and parts of the spine that frequently are caused by or associated with diabetes, low back and leg pain and carpal tunnel syndrome, as well as other clinical disorders. These clinical indications affect millions of patients in the United States. The NC-stat System, the Company's neuropathy diagnostic system, has been on the market since May 1999 and is presently used in nearly 3,000 physician's offices, clinics and other health care facilities in the United States. The Company holds issued utility patents covering a number of important aspects of the NC-stat System.
Source: Business Wire
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