Micrus Endovascular Launches Presidio Microcoil to Treat Large, Irregular Cerebral Aneurysms.SUNNYVALE, Calif. -- Micrus Endovascular Corporation (Nasdaq:MEND) today announced the worldwide market launch of its Presidio(TM) Microcoil product line for the treatment of large cerebral aneurysms. The Presidio Microcoil is a single, stretch resistant microcoil designed to deliver stable, predictable aneurysm aneurysm (ăn`y rĭzəm), localized dilatation of a blood vessel, particularly an artery, or the heart. framing and to increase coverage of the aneurysm wall and neck with a single coil deployment. The Presidio Microcoil incorporates a bioactive filament filament, in astronomy: see chromosphere. that independent researchers suggest may accelerate the healing process. These findings were presented in October of this year at the 8th Congress of the World Federation of Interventional and Therapeutic Neuroradiology neuroradiology /neu·ro·ra·di·ol·o·gy/ (-ra?de-ol´ah-je) radiology of the nervous system. neu·ro·ra·di·ol·o·gy n. 1. The branch of radiology that deals with the nervous system. . "The Presidio Microcoil increases my clinical options," said Felipe Albuquerque, M.D., Division of Neurological Surgery, Barrow Neurological Institute, St. Joseph's Hospital and Medical Center St. Joseph's Hospital and Medical Center is a hospital in Phoenix, Arizona, USA. It is currently operated by Catholic Healthcare West. Services St. Joseph's is a certified level I trauma center for adults. , Phoenix. "The Presidio's anatomical compliance and unique loop design create a stable frame inside the aneurysm. Its additional length provides greater volume fill for increased packing density, as well as improved neck coverage." "We view the Presidio Microcoil as a new dimension in framing, and we believe its addition to our flagship MicruSphere(R) framing coil brand will help us to further strengthen Micrus Endovascular's position as a market leader in the coiling business," said John Kilcoyne, Micrus Endovascular president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "This product provides a new tool to neurointerventionalists that allows for the rapid framing and filling of a wide range of complex aneurysms. Importantly, the Presidio Microcoil is a stretch resistant, Cerecyte(R) Coil, developed to provide the same handling and detachment performance that our customers have come to expect from our coils. "Innovative and value-added product introductions are key to our growth strategy," Mr. Kilcoyne added. "Over the coming months we intend to aggressively expand our product portfolio." About Micrus Endovascular Corporation Micrus Endovascular develops, manufactures and markets both implantable and disposable medical devices used in the treatment of cerebral vascular diseases vascular diseases, n.pl diseases of the peripheral circulatory system. . Micrus products are used by interventional neuroradiologists and neurosurgeons primarily to treat cerebral aneurysms responsible for hemorrhagic stroke hemorrhagic stroke Neurology An ischemic stroke in which blood enters necrotic brain tissue, which may not be accompanied by a worsening clinical status Risks for HS Hemophilia, thrombocytopenia, sickle cell anemia, DIC, anticoagulants, HTN. See Stroke. , a significant cause of death in the United States. The Micrus product line enables physicians to gain access to the brain in a minimally invasive manner through the vessels of the circulatory system circulatory system, group of organs that transport blood and the substances it carries to and from all parts of the body. The circulatory system can be considered as composed of two parts: the systemic circulation, which serves the body as a whole except for the . Micrus' proprietary, three-dimensional microcoils are unique in that they automatically deploy within the aneurysm, forming a scaffold that conforms to a wide diversity of aneurysm shapes and sizes. Micrus also sells accessory devices and products used in conjunction with its microcoils. Forward-Looking Statements Micrus, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are predictions by the Company's management and are subject to various risks and uncertainties that may cause results to differ from management's current expectations. Such factors include the Company's dependence upon the increased adoption of embolic embolic /em·bol·ic/ (em-bol´ik) pertaining to an embolus or to embolism. em·bol·ic adj. 1. Relating to, or caused by an embolus or embolism. 2. Relating to emboly. coiling as a procedure to treat cerebral aneurysms, the Company's limited operating history and history of significant operating losses, the Company's involvement in patent litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. with Boston Scientific Corporation, fluctuations in quarterly operating results which are difficult to predict, the Company's dependence on developing new products or product enhancements, challenges associated with rapid growth, challenges associated with complying with applicable state, federal and international regulations related to sales of medical devices and governing our relationships with physicians and other consultants, the Company's ability to compete with large, well-established medical device manufacturers with significant resources, the Company's dependence on obtaining timely U.S. Food and Drug Administration (FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. ) as well as applicable international regulatory clearances and approvals for our future products or product enhancements, and other risks as detailed from time-to-time in the Company's final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. dated June 16, 2005 and reports and filings with the Securities and Exchange Commission under the Securities and Exchange Act of 1934. All forward-looking statements in this release represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update forward-looking statements. |
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