SANTA ANA, Calif., December 20, 2000 (PRIMEZONE) --Donner Corp. International, a broker/dealer specializing in investment banking and headquartered in Santa Ana, Calif., today reiterated its Speculative Buy Recommendation on PLC Medical Systems, Inc. (AMEX:PLC), Franklin, Mass., and issued an updated analyst report. PLC Medical Systems markets a patented high-powered carbon dioxide laser system known as The Heart Laser(TM) System designed for use in the treatment of coronary artery disease in a surgical laser procedure pioneered by the Company known as transmyocardial revascularization (TMR).
"This is a completely new medical treatment option for patients who suffer from severe coronary artery disease," Donner said. "Eighty thousand patients each year who suffer from severe coronary artery disease but cannot be treated with conventional coronary revascularization techniques such as bypass surgery or angioplasty are candidates for TMR."
Donner said that the system has been approved by the U.S. Food and Drug Administration, is reimbursed by Medicare, and has already helped more than 6,500 patients. Popular Science Magazine recently honored PLC Medical Systems with "The Best of What's New for Science and Technology Award," recognition of the high-powered laser that the Company has brought to the medical marketplace, Donner said.
"TMR can significantly reduce angina symptoms, create bloodlines to areas of the heart that cannot be reached by bypass or angioplasty, and has been clinically proven to show long-term pain relief," Donner said. It cited a New England Journal of Medicine report saying TMR has shown a significantly better outcome with respect to improvement in angina, survival free of cardiac events, and freedom from cardiac-related rehospitalization.
"We believe PLC's stock is undervalued considering the proven superiority of the Heart Laser(TM) System over competing laser systems, the growing number of people who will become candidates for TMR treatments using the Heart Laser(TM) System, and increasing industry acceptance of TMR and the Heart Laser(TM) System," Donner concluded.
Copies of the Donner report on PLC Medical Systems, Inc. are available at www.donnercorp.com.
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