Endologix Appoints Ruth Lyons Vice President of Global Marketing
August 30 2011 - 8:30AM
Endologix, Inc. (Nasdaq:ELGX), developer and marketer of minimally
invasive treatments for aortic disorders, announced today the
appointment of Ruth Lyons to the position of Vice President of
Global Marketing. Ms. Lyons brings more than 25 years of marketing
and business development experience in the medical device industry.
John McDermott, President and Chief Executive Officer of
Endologix, said, "Ruth has an exceptional track record of
developing and launching innovative new medical technologies. She
will play a key role on the Endologix leadership team as we prepare
for the global launches of our AFX™, Nellix® and Ventana™ products,
and continue to develop our innovative product portfolio. Ruth is a
proven leader with significant strategic marketing experience who
will help build on our momentum to become the leader in treatments
for aortic disorders."
Ms. Lyons said, "Joining Endologix provides me with the
opportunity to work with what I believe to be the most innovative
company in the market focused on endovascular aortic devices. The
Company has a very promising new product pipeline and I look
forward to working with the management team to continue driving
growth and market share gains."
Ms. Lyons comes to Endologix from St. Jude Medical's Cardiac
Rhythmn Management Division, where she spent 10 years in leadership
positions in marketing, portfolio planning and business
development. Most recently Ms. Lyons held the position of VP
Marketing, Emerging Technologies where she had primary
responsibilities for all product planning and marketing of new
technologies and future growth drivers. Prior to St. Jude
Medical, Ms. Lyons held senior marketing positions at Johnson &
Johnson's Cordis Cardiology, Biosense Webster and DePuy
Orthopaedics divisions as well as 10 years in sales and marketing
at Baxter Healthcare. Ms. Lyons has a Masters in Business
Administration from the University of Southern California.
About Endologix, Inc.
Endologix, Inc. develops and manufactures minimally invasive
treatments for aortic disorders. The Company's focus is
endovascular stent grafts for the treatment of abdominal aortic
aneurysms (AAA). AAA is a weakening of the wall of the aorta, the
largest artery in the body, resulting in a balloon-like
enlargement. Once AAA develops, it continues to enlarge and, if
left untreated, becomes increasingly susceptible to rupture. The
overall patient mortality rate for ruptured AAA is approximately
75%, making it a leading cause of death in the U.S. The
Nellix® Endovascular System and Ventana™ Fenestrated Stent Graft
System are investigational devices. Additional information can
be found on Endologix's Web site at www.endologix.com.
Forward-Looking Statements
Except for historical information contained herein, this news
release contains forward-looking statements relating to the
development and launch of new products, the accuracy of which are
necessarily subject to risks and uncertainties, all of which are
difficult or impossible to predict accurately and many of which are
beyond the control of Endologix. Many factors may cause actual
results to differ materially from anticipated results, including
the uncertainties related to the introduction and clinical
acceptance of new products,. The Company undertakes no obligation
to update its forward looking statements. Please refer to the
Company's Annual Report on Form 10-K for the year ended December
31, 2010, and the Company's other filings with the Securities and
Exchange Commission, for more detailed information regarding these
risks and other factors that may cause actual results to differ
materially from those expressed or implied.
CONTACT: COMPANY CONTACT:
Endologix, Inc.
John McDermott, CEO
(949) 595-7200
www.endologix.com
INVESTOR CONTACTS:
The Ruth Group
Nick Laudico (646) 536-7030
Zack Kubow (646) 536-7020
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