Healthcare Industry News: Bard
News Release - July 7, 2008
Spectranetics Appoints Michael Voss as Vice President and General Manager of Vascular Intervention BusinessCOLORADO SPRINGS, Colo.--(HSMN NewsFeed)--Spectranetics Corporation (Nasdaq:SPNC ) today announced it has appointed Michael J. Voss as its Vice President and General Manager, Vascular Intervention (VI).
Mr. Voss has over 15 years of experience in the medical device business with a broad sales and marketing background. Prior to joining Spectranetics, he was the Global Vice President of Marketing for Bard Access Systems at CR Bard. His responsibilities at Bard Access Systems included strategic planning, brand building, sales promotions and pricing for a division with annual revenues in excess of $500 million. Prior to CR Bard, he was at Cordis, a Johnson & Johnson company, in several positions including division sales manager and director of marketing for coronary stents. Mr. Voss started his medical device career at Boston Scientific Corporation where he served in a variety of roles including global marketing manager, product manager, business unit manager, and manufacturing manager. He also served six years in the United States Army, where he earned the rank of Captain. His responsibilities at Spectranetics will include sales, sales training, marketing, and overall strategy development for the VI business, which includes atherectomy devices, support catheters and thrombectomy and chronic total occlusion products recently acquired from Kensey Nash Corporation.
John Schulte, President and CEO of Spectranetics, commented "We are extremely pleased to add Mike to our senior management team. His strong marketing background and proven leadership abilities are ideal to lead our fast-growing vascular intervention business."
Founded in 1984, Spectranetics manufactures and sells the only excimer laser approved in the United States, Europe and Japan for use in minimally invasive cardiovascular procedures. This technology treats complex cardiovascular conditions by photo-ablating multiple lesion types into tiny particles that are easily absorbed into the blood stream. The Company’s disposable catheters use high-energy “cool” ultraviolet light to vaporize arterial blockages in the legs and heart, as well as scar tissue encapsulating pacing and defibrillation leads. For more information visit www.spectranetics.com.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are based on current assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties may include market acceptance of excimer laser atherectomy technology, increasing price and product competition, increased pressure on expense levels resulting from expanded sales, marketing, product development and clinical activities (including with regard to the products to be acquired from Kensey Nash), uncertain success of the Company's strategic direction, dependence on new product development, intellectual property claims of third parties, availability of inventory from suppliers, the receipt of FDA approval to market new products or applications and the timeliness of any approvals (including with regard to the products to be acquired from Kensey Nash), market acceptance of new products or applications, product defects, ability to manufacture sufficient volumes to fulfill customer demand, availability of vendor-sourced components at reasonable prices, the integration of the products to be acquired from Kensey Nash into the Company’s distribution and sales operations, unexpected delays or costs associated with the Company’s relocation and consolidation of its headquarters and manufacturing operations, and price volatility due to the initiation or cessation of coverage, or changes in ratings, by securities analysts. For a further list and description of such risks and uncertainties that could cause the actual results, performance or achievements of the Company to be materially different from any anticipated results, performance or achievements, please see the Company's previously filed SEC reports. Spectranetics disclaims any intention or obligation to update or revise any financial projections or forward-looking statements, whether as a result of new information, future events or otherwise.
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