LeMaitre Vascular Launches Next-Generation Stent Graft Delivery System
November 16 2007 - 4:18PM
PR Newswire (US)
BURLINGTON, Mass., Nov. 16 /PRNewswire-FirstCall/ -- LeMaitre
Vascular, Inc. (NASDAQ:LMAT) today announced the commercial launch
of the TT(TM) Tortuous Tracker Delivery System, the next-generation
introducer for LeMaitre Vascular's EndoFit(R) and UniFit(TM) Aortic
Stent Graft product lines. The new delivery system will be sold
beginning on Monday, November 19th, in the European Union and other
select markets outside of the United States. The TT system is
designed to simplify stent graft implants by requiring reduced
deployment force, providing the physician with increased control
over placement of the stent graft in the aorta. The TT system
offers better flexibility and an improved coating to increase
maneuverability through blood vessels and a three-part valve system
to minimize blood loss during the medical procedure. The TT system
also provides better visualization during the procedure and a more
ergonomic design. "The TT system should improve the ease of use and
therefore the performance of our endovascular stent grafts," said
Ryan Connelly, Director, Research & Development of LeMaitre
Vascular. "Since we acquired our stent graft product lines in 2005,
we have carefully studied what vascular surgeons need to
successfully deliver and deploy aortic stent grafts. The new TT
system gives them what they have been asking for, which will enable
better clinical results and improve patients' lives." The TT system
has already been used by physicians in over a dozen procedures
designed to provide the company with pre-launch clinical feedback.
"I was very pleased with the flexibility of the device and its
ability to navigate tortuous vessels," said Thomas Larzon, MD,
Director of the EndoVascular Unit at Orebro University Hospital in
Sweden. "It took much less physical effort to deploy the stent
graft, which meant that I could more precisely position the stent
graft where it would provide the best outcome for the patient." "We
are pleased to be able to offer a delivery system that we believe
meets the high performance standards set by our stent graft
products," said George W. LeMaitre, Chairman and CEO of LeMaitre
Vascular. "We believe that the prior generation delivery system had
discouraged adoption of our stent grafts. The TT system removes
this impediment to growth." The TT system will initially be
available in a limited range of sizes as the company scales its
production, with all sizes expected to become available by the end
of 2008. LeMaitre Vascular will be hosting its first ever Analyst
Day at the Marriott Marquis Hotel in New York City, on Monday,
November 19th. Management, along with vascular surgeon customers,
will be giving an overview and update on the Company and its
products, including the new TT Tortuous Tracker Delivery System. A
live audio webcast of the presentation will be available via the
Internet at http://www.lemaitre.com/investor and will be available
for replay for 30 days. The TT Tortuous Tracker Delivery System and
the EndoFit and UniFit Aortic Stent Grafts are not approved for
sale in the United States. About LeMaitre Vascular LeMaitre
Vascular develops, manufactures, and markets medical devices for
the treatment of peripheral vascular disease. The company's
principal executive offices are located at 63 Second Avenue,
Burlington, Massachusetts 01803. Certain statements set forth above
that are not clearly historical in nature are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements include, but are not limited
to, the future clinical performance of the TT Tortuous Tracker
Delivery System and the impact that the device may have on LeMaitre
Vascular's growth. Although LeMaitre Vascular believes that such
statements are based on reasonable assumptions within the bounds of
its knowledge of its business and operations, these forward-looking
statements are neither promises nor guarantees. LeMaitre Vascular's
business is subject to significant risks and uncertainties and
there can be no assurance that its actual results will not differ
materially from its expectations. These risks and uncertainties
include, among others: the risk that the TT Tortuous Tracker
Delivery System fails to provide the desired safety and efficacy
following the commercial launch or is not accepted by the market
for other reasons; the risk that LeMaitre Vascular cannot
adequately effectively manufacture all necessary sizes of the
device or scale up production at reasonable costs; and other risk
factors that are discussed in LeMaitre Vascular's Annual Report on
Form 10-K and subsequent filings with the Securities and Exchange
Commission. The forward-looking statements made in this release are
made only as of the date hereof and LeMaitre Vascular disclaims any
intention or responsibility for updating predictions or
expectations contained in this release. DATASOURCE: LeMaitre
Vascular, Inc. CONTACT: Aaron Grossman, Investor Relations of
LeMaitre Vascular, Inc., +1-781-221-2266 Web site:
http://www.lemaitre.com/
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