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Biotech / Medical : Future Medical Device Companies
STXS 2.320+1.3%3:59 PM EST

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To: dr.praveen who wrote (17)9/17/2006 6:50:51 PM
From: keokalani'nui  Read Replies (1) of 136
 
An existing medical device co, this could be an important product in a few years. Investors today have to take taxus stent risk however.

Positive Preclinical Data on Vascular Wrap(TM) Presented at Vascular Conference
Sunday September 17, 2:00 pm ET

New Technology Has Potential to Improve Quality of Life for Hemodialysis Patients
VANCOUVER, Sept. 17 /CNW/ - Angiotech Pharmaceuticals, Inc. (NASDAQ: ANPI, TSX: ANP), a global specialty pharmaceutical and medical device company, today announced positive preclinical data related to its Vascular Wrap(TM) paclitaxel-eluting mesh and Lifespan(R) graft technology platform at The Western Vascular Society 2006 Annual Meeting in La Jolla, California.

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The purpose of this preclinical study was to evaluate the effect of the Vascular Wrap(TM) bioabsorbable mesh containing paclitaxel on inhibiting neointimal hyperplasia in an animal model of dialysis access failure. In this study, neointimal hyperplasia was reduced by a minimum of 87.6% in animals who received a paclitaxel-eluting mesh compared with animals who received no mesh.

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Earlier in August, Angiotech announced the intent to launch a clinical trial in the United Kingdom to determine if hemodialysis patients who receive the Vascular Wrap paclitaxel-eluting mesh/Lifespan graft combination product experience fewer graft failures than those patients that receive the graft alone. Angiotech expects to enrol the first patient in the UK-based clinical trial this fall. The company also intends to conduct a similar trial in the U.S. Both trials are expected to be about 24 months in duration, with enrolment taking approximately one year. The goal of the studies is to provide Angiotech with sufficient data to submit to regulatory authorities for the approval to market the products in the United States and Europe.
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