COLORADO SPRINGS, Colo., Oct. 8, 2012 (GLOBE NEWSWIRE) -- Consistent with its commitment to eradicating restenosis and amputations, Spectranetics Corporation (Nasdaq:SPNC) today announced the U.S. market launch of the TAPAS catheter at the 2012 Vascular Interventional Advances (VIVA) conference in Las Vegas. TAPAS is manufactured by ThermopeutiX, Inc. and distributed by Spectranetics. In conjunction with the launch at VIVA, Dr. Mehdi Shishehbor, Department of Cardiovascular Medicine, Cleveland Clinic, Cleveland, OH will present his study results on preclinical animal data at VIVA Continuing Medical Education event titled "Contemporary Options for Complex Lower Extremity Disease." This CME event is supported by an unrestricted educational grant from Spectranetics. The purpose of the study was to evaluate the uptake of a drug delivered intra-arterially via the TAPAS™ Catheter in a swine model.
The TAPAS catheter is the first drug infusion system to provide a versatile solution using a single adjustable and repositionable catheter to deliver any physician-specified drug or diagnostic agent. Its dual occlusion balloon design allows for precise targeting of the treatment area, delivery and dwell time of the drug, and aspiration to minimize systemic effects.
"The addition of TAPAS to our portfolio reflects our recognition of the clinical need for localized drug therapy within peripheral arteries," said Jason Hein, Senior Vice President and General Manager of Vascular Intervention at Spectranetics. "This is an exciting opportunity for physicians to provide an adjunctive therapy to their patients whose recurrent disease has not been successfully managed with existing treatment options."Dr. Rich Kovach, Chief of Interventional Cardiology, Deborah Heart and Lung Center, stated, "I have found the TAPAS catheter to be very easy to use and the versatility is quite appealing. The adjustability of the device allows lesions from 15mm to 300mm to be treated with one device, and it can be used to treat multiple lesions within a single vessel. The device also allows the physician to choose the agent that would best serve the patient's clinical presentation. Using a device with such versatility also provides potential for significant economic benefit over other technologies, which can only be used once in the same patient, and need to be stocked in multiple sizes."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts