news
Press release
 
January 5, 2016
Corindus Launches CorPath Robotic-Assisted Coronary Intervention Program To Increase Physician Safety At Massachusetts General Hospital

Collaboration brings benefits of robotics to leading cardiac cath lab

WALTHAM, MA - JANUARY 5, 2016Corindus Vascular Robotics, Inc. [NYSE MKT: CVRS] today announced the launch of a CorPath® robotic-assisted coronary intervention program at Massachusetts General Hospital ("MGH") and the installation of its first CorPath System. Involvement in the robotic-assisted coronary intervention program will allow physicians at MGH to perform percutaneous coronary interventions (PCI) using the CorPath System while protected from radiation exposure in the system's radiation-shielded control cockpit.

The CorPath System is the first and only FDA-cleared medical device to bring robotic-assisted precision to PCI procedures while protecting medical professionals from radiation exposure occurring in hospital catheterization laboratories. The CorPath robotic-assisted coronary intervention program at MGH brings the safety and benefits of the CorPath System to cath lab patients and workers today, as well as creating opportunities for furthering the technology in the future.

"Emerging technologies should contribute to the well-being of patients and physicians," said Doug Drachman, MD, Director of MGH's Cardiovascular Fellowship Program. "Robotic assistance provides enhanced visualization and potentially increased accuracy. Coupled with radiation reduction for clinicians, these advances may not only improve care, but also the long term health of patient and provider."

Today, interventional procedures performed in hospital cath labs are a leading source of radiation exposure for medical personnel which has been linked to the development of cataracts, cancer, and brain and thyroid diseases. The CorPath System allows interventional cardiologists to perform procedures in a protected cockpit just a few feet away from the patient bed side. Seated in the radiation-protected cockpit, the physician uses intuitive digital controls to robotically advance guidewires, angioplasty balloons and stents through coronary arteries.

"Leading institutions such as MGH routinely perform long, complex procedures, which may have the most opportunity to benefit from the precision, reduced radiation exposure, and ergonomics afforded by vascular robotics," said David Handler, President and Chief Executive Officer of Corindus. "Collaboration between Corindus and a leading clinical facility such as MGH can accelerate the education, awareness and adoption of this important technology in cath labs throughout the United States and beyond."

About Corindus Vascular Robotics, Inc.

Corindus Vascular Robotics, Inc. is a global technology leader in robotic-assisted vascular interventions. The company's CorPath System is the first FDA-cleared medical device to bring robotic precision to interventional procedures. During the procedure, the interventional cardiologist sits at a radiation-shielded workstation to advance guide catheters, stents, and guidewires with millimeter-by-millimeter precision. The workstation allows the physician greater control and the freedom from wearing heavy lead protective equipment that causes musculoskeletal injuries. With the CorPath System, Corindus Vascular Robotics brings robotic precision to interventional procedures to help optimize clinical outcomes and minimize the costs associated with complications of improper stent placement during manual procedures. Corindus stands behind its product with its unique $1,000 hospital credit "One Stent Program."

For additional information, visit www.corindus.com, and follow @CorindusInc.

Forward Looking Statements

Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Corindus to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that includes terms such as "believes," "belief," "expects," "estimates," "intends," "anticipates" or "plans" to be uncertain and forward-looking. Forward-looking statements may include comments as to Corindus’ beliefs and expectations as to future event

Examples of such statements include statements:

  • that the level of precision that can be attained using the CorPath GRX technology, combined with the potential for remote capabilities in the future, will both expand and improve how patients are treated;
  • that Corindus has entered a transformational period with a focus on expanding its reach to partner with hospitals to build robotic programs globally;
  • that the successful completion of these procedures at Fu Wai Hospital is the first step in Corindus' growth strategy within China; and that
  • the precise positioning enhancements to the CorPath platform that allows physicians to adjust guide catheters during PCI procedures may expand the use of the CorPath GRX System to more complex cases.

Media Contacts:

Corindus Vascular Robotics, Inc.

Kate Stanton
(508) 653-3335 ext. 200
kate.stanton@corindus.com

Investor Contact:

Lynn Pieper Lewis
(415) 937-5402
ir@corindus.com
 
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