Good News regarding the joint venture: Quick Results! Hope this results in some stock movement! Len
RANCHO CORDOVA, Calif.--(BW HealthWire)--Dec. 14, 1998--An
intravascular ultrasound-guided stent delivery system jointly developed by
EndoSonics Corporation (NASDAQ:ESON) and JOMED AB of Helsingborg,
Sweden, was successfully deployed during the second Cardiovascular Summit in
Rotterdam, The Netherlands, December 8 - 12.
During a live case transmission, cardiologists at the Thorax Center of Erasmus
University in Rotterdam used the integrated therapeutic device to perform primary
stenting on a 73-year-old patient, the first use of the system developed by
EndoSonics and JOMED under an agreement in principle reached last September.
"Integrating this intravascular imaging technology on a stent delivery system
provides an efficient and effective tool for the physician to optimize stent
placement, which we know improves clinical outcome," said Professor Patrick W.
Serruys, a noted interventional cardiologist and principal organizer of the
Cardiovascular Summit.
The therapeutic device integrates EndoSonics' ultrasound catheter with a JOMED
stent and balloon. JOMED and EndoSonics will market the new product through
JOMED's direct operations and through joint partners in several European
countries.
"This initial demonstration marks the end of the system's developmental phase,
which was completed quickly and efficiently in less than three months," noted
EndoSonics President and Chief Executive Officer Reinhard J. Warnking. "With
this breakthrough therapeutic device, physicians have the comfort of a premounted
stent, combined with the ability to immediately assess the results of the procedure
and complete any necessary refinements before removing the catheter."
Tor Peters, JOMED President and CEO, called the combined therapeutic device's
introduction "a major advancement in image-guided therapy in Europe," adding
that the product is expected to be introduced during the first quarter of 1999
following regulatory (CE mark) approval.
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