To: JanyBlueEyes who wrote (4928 ) 3/4/1999 10:08:00 AM From: JanyBlueEyes Read Replies (1) | Respond to of 5736
News - Chromatics Comments on Stock Price Change NEW YORK, March 4 /PRNewswire/ -- Chromatics Color Sciences International, Inc. (Nasdaq: CCSI - news) today said that regarding the recent drop in the Company's common stock price, there have been no negative or adverse developments in the Company's operations . Chromatics Chief Executive Officer Darby Macfarlane said, ''To the contrary, we have had a steady stream of good news in recent weeks and continue to move forward with our business plan. The Company's recently announced roll-out is proceeding as planned with initial distribution and in-servicing of its Colormate® TLc-BiliTest(TM) System to hospitals and physicians .'' In February the Company announced that it had completed the first manufacturing run of its non-invasive bilirubin monitoring system for newborns and that it had commenced shipping orders for the Colormate® TLc- BiliTest(TM) System and the TLc-Lensette(TM) calibration standards. Ms. Macfarlane commented today, ''We are very pleased with the response the product has received from physicians and neonatal nurses at the hospitals shipped to date .'' The Colormate® TLc-BiliTest(TM) System (TLc for tender, loving care) is the first device with FDA clearance for commercial use for pain-free, non- invasive monitoring of bilirubin infant jaundice for babies of all races -- even those undergoing phototherapy treatment. A study of the device published in Pediatrics, the publication of the American Academy of Pediatrics, found that the Colormate® TLc-BiliTest(TM) System was effective in monitoring jaundice compared to current invasive techniques that involve taking blood from infants -- often repeatedly. Chromatics Color Sciences is in the business of color science..... Medical applications in addition to the detection and monitoring of bilirubin infant jaundice will require additional clinical trials and FDA clearance..... Certain of the matters discussed in this announcement contain forward- looking statements ....