Corporate Profile for Possis Medical, dated Febuary 4, 2000.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.
Published Date: February 4, 2000
Company Name: Possis Medical, Inc.
Address: 9055 Evergreen Boulevard NW
Minneapolis, MN 55433-8003
Main Telephone
Number: 612-780-4555
Internet Home
Page Address
(URL) www.possis.com
Chief Executive
Officer: Robert G. Dutcher
Chief Financial
Officer: Russel E. Carlson
Investor Relations
Contact: Eapen Chacko
Business number: 612-717-1157
E-mail address:
Public Relations
Contact: Eapen Chacko
Business number: 612-717-1157
E-mail address:
Industry: Medical Devices
Trading Symbol/
Exchange: POSS/NMS-NASDAQ
Market Makers: Gerard Klauer Mattison, First Union Securities, John
G. Kinnard, George K. Baum
Company description: The mission of Possis Medical, Inc. is to provide healthcare professionals with innovative, high quality medical devices that will enhance and expand medical treatment options to cost-effectively restore health and improve the quality of life for patients worldwide. The primary product line is the AngioJet(R) Rheolytic(TM) Thrombectomy thrombectomy /throm·bec·to·my/ (throm-bek´tah-me) surgical removal of a clot from a blood vessel. throm·bec·to·my n. Excision of a thrombus. System, which provides definitive, rapid and safe removal of blood clots Blood Clots Definition A blood clot is a thickened mass in the blood formed by tiny substances called platelets. Clots form to stop bleeding, such as at the site of cut. (thrombus thrombus /throm·bus/ (throm´bus) pl. throm´bi a stationary blood clot along the wall of a blood vessel, frequently causing vascular obstruction. ) from native coronary arteries Coronary arteries The two main arteries that provide blood to the heart. The coronary arteries surround the heart like a crown, coming out of the aorta, arching down over the top of the heart, and dividing into two branches. , saphenous vein saphenous vein n. Either of two main superficial veins of the leg, one larger than the other, that begin at the foot. Saphenous vein A long vein in the thigh or calf commonly used for bypass grafts. grafts, and arteriovenous arteriovenous /ar·te·rio·ve·nous/ (-ve´nus) both arterial and venous; pertaining to or affecting an artery and a vein. ar·te·ri·o·ve·nous adj. Abbr. access grafts. The company is currently the only FDC-approved mechanical thrombectomy device for use in the heart. The AngioJet System is a platform technology, which the Company intends to use for other indications, such as peripheral vascular disease Peripheral Vascular Disease Definition Peripheral vascular disease is a narrowing of blood vessels that restricts blood flow. It mostly occurs in the legs, but is sometimes seen in the arms. and ischemic stroke. The AngioJet System is protected by a series of five issued patents in the United States. Possis Medical, Inc. will soon commence the TIME I clinical trial, at six of the nation's leading stroke centers, to test a highly miniaturized AngioJet System catheter for treating ischemic stroke. Ischemic stroke affects over 600,000 patients per year and costs the economy over $40 billion annually in treatment costs and lost productivity. |
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