Profile: Escalon Medical Corp (ESMC.O)
28 Jul 2014
Escalon Medical Corp. (Escalon), incorporated on September 27, 2001, operates in the healthcare market, specializing in the development, manufacture marketing and distribution of medical devices and pharmaceuticals in the areas of ophthalmology, diabetes and hematology. The Company’s segments include Escalon Clinical Diagnostics (ECD), Sonomed-Escalon and Escalon Medical Corp. The Escalon Clinical Diagnostics (ECD) segment consists of Drew Scientific, Inc., and its wholly owned subsidiaries JAS Diagnostics, Inc. (JAS) and Biocode Hycel (Biocode). The Sonomed-Escalon segment consists of Sonomed, EMI and Trek, all of which are engaged in the development and sale of Ophthalmic medical devices. The Escalon Medical Corp. segment includes the administrative corporate operations of the consolidated group. The Company’s wholly owned subsidiaries include Sonomed, Inc. (Sonomed), Trek, Inc. (Trek), Escalon Vascular Access, Inc. (Vascular), Escalon Medical Europe GmbH (EME), Escalon Digital Vision, Inc. (EMI), Escalon Pharmaceutical, Inc. (Pharmaceutical), Escalon Holdings, Inc. (EHI), Escalon IP Holdings, Inc., Escalon Vascular IP Holdings, Inc., Sonomed IP Holdings, Inc., Drew Scientific Holdings, Inc. and Drew Scientific Group, Plc (Drew). In October 2012, ERBA Diagnostics, Inc. acquired the Clinical Diagnostics Business from Escalon.
Drew is a diagnostics company specializing in the design, manufacture and distribution of instruments for blood cell counting and blood analysis. Drew is focused on providing instrumentation and consumables for the physician office and veterinary office laboratories. Drew also supplies the reagent and other consumable materials needed to operate the instruments.
Drew sells two diabetic testing products: the DS5 and the Hb-Gold. The DS5 instrument, dispenser and associated reagent kit measure long-term glucose control in diabetic patients. The system's small size and ease of use make it ideal for main laboratory, clinic or satellite laboratory settings. The Hb- Gold instrument and associated reagent kit provides for the in vitro measurement of certain genetic diseases of the blood. In the United States, this instrument is available for research only.
Drew offers an array of equipment for use in the field of human and veterinary hematology. Drew's Excell product lines are for use in the field of human hematology, and its Hemavet product line is for use in the veterinary field.
The systems are of four types: A-Scans, B-Scans, High Frequency B-Scans (UBMs) and pachymeters. The A-Scan provides information about the internal structure of the eye by sending a beam of ultrasound along a fixed axis through the eye and displaying the various echoes reflected from the surfaces intersected by the beam. The B-Scan is primarily a diagnostic tool that supplies information to physicians where the media within the eye are cloudy or opaque. Whereas physicians normally use light, which cannot pass through such media, the ultrasound beam is capable of passing through the opacity and displaying an image of the internal structures of the eye. The UBM is a high frequency/high resolution ultrasound device, designed to provide detailed information about the anterior segment of the eye. The UBM is used for glaucoma evaluation, tumor evaluation and differentiation, pre- and post-intraocular lens implantation and corneal refractive surgery. The pachymeter uses the same principles as the A-Scan, but the system is tailored to measure the thickness of the cornea.
Color/Fluorescein Angiography (CFA) digital imaging system, designed specifically for ophthalmology. This diagnostic tool, ideal for use in detecting retinal problems in diabetic and elderly patients, provides a high-resolution image, far superior to conventional film in image quality, processing and capture. The Company distributes two intraocular gas products C3F8 and SF6, which are used by vitreoretinal surgeons as a temporary tamponade in detached retina surgery. Along with the intraocular gases, the Company manufactures and distributes a patented disposable universal gas kit, which delivers the gas from the canister to the patient. It markets viscous fluid transfer systems and related disposable syringe products, which aid surgeons in the process of injecting and extracting silicone oil. Light source and fiber optic products are used by vitreoretinal surgeons during surgery. The Company offers surgeons a line of light sources along with a variety of fiber optic probes and illuminated tissue manipulators.
The Company competes with Bausch & Lomb, Inc., Alcon Laboratories, Inc., Paradigm Medical, Inc., Quantel, Inc., Accutome, Inc. and Alcon Laboratories, Inc.
Escalon Medical Corp
Suite 200, 100 Church Street
ARDMORE PA 19003