Update on COVID-19 and the Potential Impact to Operations
The COVID-19 virus represents a new challenge for us all. EDAP TMS is taking this global threat very seriously and is closely monitoring developments. To this end, the company have implemented numerous precautions and protective measures to safeguard its employees and to ensure an uninterrupted supply of its devices and disposables. Among the steps we have taken are requiring the majority of employees to work remotely, maintaining minimum supply chain activity, curtailing all business travel following local regulations and guidelines, and adjusting to the reality of delayed and cancelled sales and marketing events. EDAP TMS remains fully supportive of hospital, medical center, and clinic customers in the management of this pandemic. With most operating rooms having been re-dedicated to the management of emergencies, all non-urgent procedures – including ESWL and HIFU treatments – may be postponed to free up resources for clinical teams to handle the most urgent cases. Company cash position, the nature of its business and its constant focus give us confidence in keeping the company stable, its employees and their expertise safe and preserved as well as the full capability of supporting our valued customers, users and prospects. In closing, EDAP TMS will employ all necessary measures to contribute to fight the COVID-19 pandemic, and we will continue to fully support our employees and global customer clinical teams who are valiantly devoting their efforts to the care of patients.