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Press release
 
October 30, 2013
Corindus Vascular Robotics Launches “CorPath® One Stent Program” for Hospital Cardiac Cath Labs

Financial credit provided if second stent is required in a CorPath robotic-assisted angioplasty

Waltham, MA – October 30, 2013Corindus Vascular Robotics, a leading provider of precision medical robotics, today announced the launch of its CorPath One Stent Program. The goal of the program is to raise awareness of the potential to decrease longitudinal geographic miss (LGM) caused by sub-optimal stent placement, as well as the patient safety and financial benefits that can result from using the CorPath Vascular Robotic System to place just one stent per lesion in coronary angioplasty procedures. Corindus is offering a $1,000 credit to hospitals that use two or more stents per lesion in qualifying coronary angioplasties performed with the CorPath System.

“No matter how good we are as physicians, we are still human and imprecision in stent placement or stent size selection can occur,” said Dr. Ronald Caputo, Director of Cardiac Services and Cardiology Research at St. Joseph’s Hospital in Syracuse, NY, current CorPath user and participant in the CorPath PRECISE trial conducted in 2011. “Introducing CorPath into our cath lab has provided substantial benefits to both physicians and patients in terms of our ability to more accurately select the stent size and enhance dexterity in delivering it to a precise location. Ultimately, these capabilities may result in improved outcomes for the patient and an enhanced PCI procedure for the physician.”

Up to 47 percent of stents are not optimally positioned1; in an attempt to avoid inferior clinical outcomes due to LGM, the CorPath System was designed to bring robotic precision to coronary angioplasty procedures and stent positioning.

“Although manual PCIs are widely accepted in cath labs across the country, robotic-assisted PCIs could provide some notable advantages over the current care paradigm,” notes Frost & Sullivan Medical Device Analyst Venkat Rajan. “As seen in other procedures, the introduction of robotic-assisted systems has often afforded specialists unparalleled control and precision when attempting critical life-saving procedures.”

PCI procedures performed in the U.S. use more than 1.2 stents per lesion, according to then ational average2; additional stenting can be caused by a number of factors, including challenges in visualizing the lesion, improper stent selection due to inaccurate lesion length assessment and misplacement of the stent during device delivery. In cases where more than one stent is used, the hospital’s procedure profitability is reduced substantially.

“The CorPath One Stent Program is evidence that Corindus stands behind their product and its potential to avoid excess stenting and provide significant financial and safety benefits to the hospital and the patient,” said John Cannizzaro, Cardiovascular Service Line Administrator at St. Joseph’s Hospital.

The CorPath System is the first and only FDA-cleared technology that enables precise, robotic-assisted angioplasties to open arteries and restore blood flow in patients with coronary artery disease. During a CorPath angioplasty procedure, the interventional cardiologist sits in the radiation shielded interventional cockpit. Using robotic precision, the interventional cardiologist advances stents and guidewires via a joystick with millimeter by millimeter precision. CorPath may improve clinical outcomes by enabling precise measurement of the anatomy, which could potentially lead to better stent placements.

“Corindus is committed to improving procedural safety and efficiency for the clinician and the patient,” said David Handler, President and CEO of Corindus Vascular Robotics. “We are so confident that the CorPath System can provide both patient safety and financial benefits to hospital cardiac cath labs that we are willing to put our money behind our technology to position the right stent in the right place. That is the promise of the CorPath One Stent Program.”

Demonstrations of the CorPath System will take place at the Corindus booth (#1117) at the TCT (Transcatheter Cardiovascular Therapeutics) Annual Conference, Oct. 27 – Nov. 1, in San Francisco, Calif. To learn more about the CorPath One Stent Program, please visit www.corindus.com/onestent.

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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