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06/04/2012 | Press release
distributed by noodls on 06/03/2012 19:31
GI Dynamics, Inc. - ASX Announcement
Lexington, Massachusetts, United States and Sydney, Australia - June 1, 2012 - GI Dynamics, Inc. (ASX: GID), a company pioneering the development of effective non-surgical approaches for treating type 2 diabetes and obesity, announced today that it has been invited to present at the Jefferies 2012 Global Healthcare Conference on Tuesday, June 5, 2012, at 4:30 p.m. ET (Wednesday, June 6, 2012, at 6:30 a.m. Australian ET) at the Grand Hyatt in New York City.
Stuart A. Randle, president and chief executive officer of GI Dynamics, will present an overview of the company and its lead product, EndoBarrier® Therapy, a novel approach for the treatment of type 2 diabetes and/or obesity. EndoBarrier has received CE Mark approval in Europe and TGA approval in Australia for implant periods of up to 12 months for the treatment of type 2 diabetes and/or obesity. EndoBarrier is currently commercially available in select European markets, Chile and Australia.
A live audio webcast of the GI Dynamics presentation can be accessed by visiting the "investors" section of the company's website at investor.gidynamics.com. A replay of the webcast will be archived on the GI Dynamics website (www.gidynamics.com) for two weeks following the presentation date.
About GI Dynamics
GI Dynamics, Inc. (ASX: GID) is pioneering the development and commercialization of effective, non-surgical
treatments targeting the large and growing global patient populations with type 2 diabetes and obesity. The company's flagship product, the EndoBarrier®, is a novel, non-surgical device proven to lower blood glucose levels and promote weight loss in diabetic patients and/or obese patients during the implant period. GI Dynamics currently markets the EndoBarrier in select regions in Europe, South America and Australia and is planning near- term commercial expansion into additional European countries. EndoBarrier is not approved for sale in the
United States and is considered investigational. Founded in 2003, GI Dynamics is headquartered in Lexington, Massachusetts. For more information, please visit www.gidynamics.com
This announcement contains or may contain forward-looking
statements that are based on management's beliefs,
assumptions and expectations and on information currently
available to management. All statements that address
operating performance, events or developments that we expect
or anticipate will occur in the future are forward-looking
statements, including without limitation our expectations
with respect to our ability to commercialize our EndoBarrier®
including our estimates of potential revenues, costs,
profitability and financial performance; our ability to
develop and commercialize new products including our ability
to obtain reimbursement for our products; our expectations
with respect to our clinical trials, including enrolment in
or completion of our clinical trials and our associated
regulatory submissions and approvals; our expectations with
respect to the integrity or capabilities
www.gidynamics.com
US OFFICE & HEADQUARTERS: 1 Maguire Road, Lexington MA 02421 T +1 (781) 357‐3300 F +1 (781)357‐3301
EUROPEAN OFFICE: De Tweeling 20‐22 's‐Hertogenbosch 5215 MC, THE NETHERLANDS T: + 31 13 547 9300
AUSTRALIAN OFFICE: Level 6, 175 Macquarie Street, Sydney, NSW 2000 T +61 2 9231 3322 F +61 9229 2727
GI Dynamics, Inc., is a corporation incorporated in Delaware, USA, whose stockholders have limited liability.
ARBN 151 239 388
GI Dynamics, Inc. Page 2
of our intellectual property position. Management believes that these forward-looking statements are reasonable as and when made. You should not place undue reliance on forward-looking statements because they speak only as of the date when made. GI Dynamics does not assume any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. GI Dynamics may not actually achieve the plans, projections or expectations disclosed in forward-looking statements, and actual results, developments or events could differ materially from those disclosed in the forward- looking statements. Forward-looking statements are subject to a number of risks and uncertainties, described in "Risk Factors" in our Prospectus lodged with the Australian Securities & Investments Commission on 3 August 2011.
Investor Enquiries: Media Enquiries:
United States
Robert Crane, Chief Financial Officer
+1 (781) 357-3250
North America/Europe:
Dan Budwick, Pure Communications Inc.
+ 1 (973) 271-6085
Australia
David Allen / Alan Taylor, Inteq Limited
+61 2 9231 3322
Australia:
Rebecca Wilson, Buchan Consulting Group
+61 3 9866 4722
US OFFICE & HEADQUARTERS: 1 Maguire Road, Lexington MA 02421 T +1 (781) 357‐3300 F +1 (781)357‐3301
EUROPEAN OFFICE: De Tweeling 20‐22 's‐Hertogenbosch 5215 MC, THE NETHERLANDS T: + 31 13 547 9300
AUSTRALIAN OFFICE: Level 6, 175 Macquarie Street, Sydney, NSW 2000 T +61 2 9231 3322 F +61 9229 2727
GI Dynamics, Inc., is a corporation incorporated in Delaware, USA, whose stockholders have limited liability.
ARBN 151 239 388