Spectranetics (ticker: SPNC, exchange: NASDAQ Global Market (.O))
News Release -
30-Sep-2004
Spectranetics Products Featured in Live Case Sessions at Transcatheter Cardiovascular Therapeutics Convention COLORADO SPRINGS, Colo. and WASHINGTON, Sept. 30 /PRNewswire-FirstCall/ --
Spectranetics Corporation (Nasdaq: SPNC) today announced its products were
used in two separate live case sessions at the Transcatheter Cardiovascular
Therapeutics (TCT) convention, which is being held this week in Washington,
D.C., and which is attended by more than 9,000 physicians.
The first live case session featured a 2.3 millimeter diameter CLiRpath(R)
excimer laser catheter recently cleared in the United States by the Food and
Drug Administration to treat a total occlusion in the popliteal artery of the
leg. The blockage was successfully treated by Professor Giancarlo Biamino,
M.D. and Dierk Schienert, M.D. of Leipzig Heart Center in Leipzig, Germany.
Dr. Biamino pioneered the use of laser technology for the treatment of
peripheral vascular disease and has performed more than 5,000 peripheral cases
utilizing the excimer laser system.
The second live case featured a patient with a chronic total occlusion
(CTO) in the left anterior descending (LAD) coronary artery that was
successfully crossed using a Prima(R) Laser Wire and a Quick-Cross(R) support
catheter. The female patient treated had triple-vessel disease, with the
target lesion having previously failed crossing attempts with mechanical
wires. Jaap N. Hamburger, M.D., Ph.D., of Vancouver General Hospital, British
Columbia, performed the successful crossing of the CTO, which was
approximately 20 millimeters in length, in roughly 10 minutes.
Dr. Hamburger commented, "I'm excited about the re-emergence of the Prima
Laser Wire technology. The treatment of chronic total occlusions continues to
be a challenging indication for interventionalists. Today's procedure clearly
demonstrated the capability of the device to cross otherwise resistant chronic
total occlusions."
About Spectranetics
Spectranetics is a medical device company that develops, manufactures and
markets single-use medical devices used in minimally invasive surgical
procedures within the cardiovascular system in conjunction with its
proprietary excimer laser system. Our CVX-300(R) excimer laser is the only
system approved by the FDA for multiple cardiovascular procedures, including
coronary atherectomy, and the removal of problematic pacemaker and
defibrillator leads. Nearly all of our FDA-approved and investigational
applications have received Communautes Europeennes (CE) mark registration for
marketing within Europe. In April 2004, we obtained 510(k) clearance from the
FDA for the laser-based treatment of patients suffering from total occlusions
(blockages) in their leg arteries that are not crossable with a guide wire.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Such statements are based on current assumptions that
involve risks and uncertainties that could cause actual outcomes and results
to differ materially. These risks and uncertainties may include increasing
price and product competition, increased pressure on expense levels resulting
from expanded marketing and clinical activities, uncertain success of the
Company's strategic direction, dependence on new product development,
intellectual property claims of third parties, availability of inventory from
suppliers, the receipt of FDA approval to market new products or applications
and the timeliness of any approvals, the potential size of market
opportunities associated with new products, market acceptance of new products
or applications, product defects, price volatility due to the initiation or
cessation of coverage, or changes in ratings, by securities analysts. For a
further list and description of such risks and uncertainties that could cause
the actual results, performance or achievements of the Company to be
materially different from any anticipated results, performance or
achievements, please see the Company's previously filed SEC reports.
Spectranetics disclaims any intention or obligation to update or revise any
financial projections or forward-looking statements, whether as a result of
new information, future events or otherwise.
Spectranetics and CVX-300 are registered trademarks of The Spectranetics
Corporation.
For more information, please contact: John Schulte, Chief Executive
Officer, or Guy Childs, Chief Financial Officer, both of Spectranetics
Corporation, +1-719-633-8333; or investors and media, Bruce Voss, or Ina
McGuinness, both of Lippert/Heilshorn & Associates, Inc., +1-310-691-7100, for
Spectranetics.
SOURCE Spectranetics Corporation
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