Retractable Technologies, Inc. Files Complaint in United States Court of International Trade
2024年10月1日 - 3:14AM
ビジネスワイヤ(英語)
Retractable Technologies, Inc. (NYSE American: RVP) announces
that on September 26, 2024, it filed a complaint in the United
States Court of International Trade against defendants involved in
the issuance of a recent decision implementing a 100% tariff on
syringes and needles imported from China, effective September 27,
2024. Such defendants include the United States of America, the
Office of the United States Trade Representative, Trade
Representative Katherine Tai, U.S. Customs & Border Protection,
and U.S. Customs & Border Protection Acting Commissioner Troy
Miller. Relief sought includes preliminary injunctions and,
ultimately, a decision that the tariffs be set aside, as well as
certain costs, fees, and other relief. The Complaint details the
history of tariff reviews and decisions since 2018 and alleges that
the most recent tariff review was not properly conducted as to
needles and syringes, as well as other allegations relating to
procedure and policy. Tariffs at the 100% level without sufficient
time to increase its domestic production would cause irreparable
harm to Retractable, as detailed in the Complaint.
ABOUT RETRACTABLE
Retractable manufactures and markets VanishPoint® and Patient
Safe® safety medical products and the EasyPoint® needle. The
VanishPoint® syringe, blood collection, and IV catheter products
are designed to prevent needlestick injuries and product reuse by
retracting the needle directly from the patient, effectively
reducing exposure to the contaminated needle. Patient Safe®
syringes are uniquely designed to reduce the risk of bloodstream
infections resulting from catheter hub contamination. The
EasyPoint® is a retractable needle that can be used with luer lock
syringes, luer slip syringes, and prefilled syringes to give
injections. The EasyPoint® needle also can be used to aspirate
fluids and for blood collection. Retractable's products are
distributed by various specialty and general line distributors.
For more information on Retractable, visit its website at
www.retractable.com.
Forward-looking statements in this press release are made
pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995 and reflect Retractable's current
views with respect to future events. Retractable believes that the
expectations reflected in such forward-looking statements are
accurate. However, Retractable cannot assure you that such
expectations will materialize. Actual future performance could
differ materially from such statements.
Factors that could cause or contribute to such differences
include, but are not limited to: material changes in demand,
Retractable's ability to maintain liquidity; Retractable's
maintenance of patent protection; Retractable's ability to maintain
favorable third party manufacturing and supplier arrangements and
relationships; foreign trade risk; Retractable's ability to access
the market; production costs; the impact of larger market players
in providing devices to the safety market; and other risks and
uncertainties that are detailed from time to time in Retractable's
periodic reports filed with the U.S. Securities and Exchange
Commission.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240930044847/en/
Retractable Technologies, Inc. John W. Fort III, 888-806-2626 or
972-294-1010 Vice President, Chief Financial Officer, and Chief
Accounting Officer
Retractable Technologies (AMEX:RVP)
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