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Biotech / Medical : Biotech & Pharma.T.A,
BIB 77.61+3.5%Nov 21 4:00 PM EST

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To: mlkr who wrote (2928)6/15/2010 10:46:20 AM
From: Jibacoa  Read Replies (2) of 3722
 
ATRC opened with a good UG after announcing yesterday AHs that it received FDA clearance for its AtriClip Gillinov-Cosgrove Left Atrial Appendage Exclusion system. <g>

The stock was up 37.66% and is still up 24.47% at present on volume >785Ks which is about 12x its ADV

bigcharts.marketwatch.com

The launch of the AtriClip system in the US is expected to start later this month.

The AtriClip system provides a safe method to exclude the left atrial appendage.
Stagnant blood within the trabeculations of the atrial apendage form clots that can then embolize to the brain or other important organs.

The AtriClip is designed to be implanted from the outside of the heart and it eliminates blood flow between the left atrial appendage and the atria.
It has been now cleared by the FDA for occlusion of the left atrial appendage, under direct visualization, in conjunction with other open-heart cardiac procedures. <g>

The ACTAY is $7.64
The EL for the current Yr. is around $0.40 vs. $0.39 in 2009
It seems that with some good news the stock could get to test the resistance at the $10 level.<g>

bigcharts.marketwatch.com

Bernard
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