Healthcare Industry News: Vascular Solutions
News Release - September 20, 2010
Vascular Solutions and Shepherd Scientific Announce U.S. Distribution of Angio Assist and Teirstein Edge ProductsMINNEAPOLIS--(Healthcare Sales & Marketing Network)--Vascular Solutions, Inc. (Nasdaq:VASC ) and Shepherd Scientific, Inc. today announced they have entered into a distribution agreement providing for Vascular Solutions to distribute Shepherd Scientific’s Angio Assist and Teirstein Edge products in the United States. The Angio Assist is an easy-to-use docking station that facilitates the introduction of guide wires into interventional devices including catheters and atherectomy burrs. The Teirstein Edge is a device organizer designed to neatly organize guide wires and catheters during interventional procedures. Both products have received 510(k) clearance with the FDA for sales in the United States and will be sold and serviced through Vascular Solutions’ direct sales force.
Howard Root, Chief Executive Officer of Vascular Solutions, commented: “These two new products are excellent clinical additions to our catheter products line, and we are pleased to be able to work with Dr. Paul Teirstein in delivering his products to the U.S. catheterization market. We expect to feature these new products at the TCT meeting in Washington D.C. later this week, with sales expected to commence shortly thereafter.”
Paul Teirstein, M.D., founder of Shepherd Scientific, added: “The Angio Assist and Teirstein Edge were designed to overcome everyday challenges during interventional procedures. The goal was to make procedures easier, and I’m pleased we are now able to bring these devices to physicians nationwide through Vascular Solutions’ team.”
About Shepherd Scientific
Shepherd Scientific was formed to provide the interventional medical community with physician inspired solutions to concerns encountered during their clinical procedures. Shepherd Scientific works closely with physicians in their clinical setting to unearth unique solutions to everyday problems. For more information on Shepherd Scientific and the Angio Assist and Teirstein Edge products, connect to www.shepherdscientific.com.
About Vascular Solutions
Vascular Solutions, Inc. is an innovative medical device company focused on developing and delivering customized clinical solutions for coronary and peripheral vascular procedures. The company’s product line consists of over 50 products in three categories: catheter products (used in diagnosing and treating vascular disease), hemostat products (used in the control of bleeding during vascular procedures), and vein products (used in the treatment of varicose veins). Vascular Solutions delivers its products to interventional cardiologists, interventional radiologists and vascular surgeons performing percutaneous procedures through its direct U.S. sales force and international distributor network.
The information in this press release contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements. Important factors that may cause such differences include those discussed in our Annual Report on Form 10-K for the year ended December 31, 2009 and other recent filings with the Securities and Exchange Commission. The risks and uncertainties include, without limitation, risks associated with the need for adoption of our new products, limited working capital, lack of sustained profitability, exposure to intellectual property claims, exposure to possible product liability claims, the development of new products by others, doing business in international markets, limited manufacturing experience, the availability of third party reimbursement, and actions by the FDA.
For further information on Vascular Solutions, connect to www.vascularsolutions.com.
Source: Vascular Solutions
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