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Sleep disorder devices

This article was originally published in The Gray Sheet

Executive Summary

Healthdyne Technologies says in a preliminary prospectus for an initial public offering that it "believes that it is the only manufacturer of both therapeutic and diagnostic products for sleep disorders." "The Gray Sheet" incorrectly reported on June 28 (page 16) that the firm is the only company to market both types of devices. Puritan-Bennett, which manufactures and markets therapeutic sleep disorder products, began marketing the diagnostic Sleepscan computerized diagnostic system product line in April 1992 via an exclusive U.S. distribution agreement with Bio-logic Systems Corp.; the arrangement covers "all applications other than neurology, psychiatry, and ear, nose, and throat clinics," according to P-B....

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