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To: Panita who wrote (61567)3/15/1999 9:57:00 AM
From: GBT  Read Replies (1) | Respond to of 119973
 
POSS on CNBC Tuesday, Big news
Possis Medical's AngioJet Wins FDA Approval for New Use

Possis Medical's AngioJet Wins FDA Approval for New Use
Washington, March 12 (Bloomberg) -- Possis Medical Inc. said its already-approved AngioJet device won wider government clearance for use inside the heart.

The company said it won U.S. Food and Drug Administration approval of the artery-clearing device for use in patients who are undergoing a heart attack, who have severe chest pains known as angina, or who can't take drugs that are generally used to dissolve a blood clot. ''It's a very broad approval,'' said Russel Carlson, chief financial officer of Possis. ''It's everything that we asked for, and it allows us to start marketing now.''

News of the approval came after the close of trading on U.S. markets. Shares in the money losing device-maker closed unchanged at 12 3/8.