DELRAY BEACH, FL –December 9, 2014 – VeriTeQ Corporation (OTC
DELRAY BEACH, FL –December 9, 2014 – VeriTeQ Corporation (OTC Markets: VTEQ) (“VeriTeQ”) a provider of implantable medical device identification and radiation dose measurement technologies, announced today that more than 5,000 women have now received Motiva Implant Matrix® breast implants, manufactured by Establishment Labs S.A. (“EL”), with VeriTeQ’s Q Inside Safety Technology™.
VeriTeQ’s FDA cleared Q Inside Safety Technology™ acts as an electronic serial number in breast implants and other implantable and reusable medical devices to provide physicians and patients access to secure online databases to retrieve device-specific data, such as serial number, manufacturer name, date of manufacture, lot number, volume, size, and other data from the medical device manufacturer. Q Inside Safety Technology™ may also provide an extra level of protection to the patient in the event of a recall or other safety event.
As of mid-September, the companies announced more than 1,000 women had received Motiva Implant Matrix® breast implants with VeriTeQ’s Q Inside Safety Technology. VeriTeQ and EL are seeing the strongest adoption throughout countries in Europe and the United Kingdom, where previously large recalls of breast implants occurred, prompting the need for better medical device traceability for enhanced patient safety.
“This important milestone is a reflection of the fundamental changes taking place in our industry: surgeons and patients are embracing the technological advances of Motiva and Q Inside Safety Technology because they value increased safety and performance,” said Juan Jose Chacon-Quiros, Chief Executive Officer of EL.
Scott R. Silverman, Chairman and Chief Executive Officer of VeriTeQ, stated, “We believe the rapid growth in the number of patients who have received Motiva breast implants with VeriTeQ’s Q Inside Safety Technology will encourage additional breast implant and other implantable medical device manufacturers to see the potential benefits offered by our technology and evaluate including Q Inside Safety Technology within their products.”
EL’s Motiva Implant Matrix® Ergonomix™, VelvetSurface® PLUS, and SilkSurface® PLUS, all with VeriTeQ’s Q Inside Safety Technology, have received CE Mark approval.
