A Milestone of Opportunity for VNUS Medical Technologies
June 08 2009 - 6:00AM
PR Newswire (US)
Over Half a Million Varicose Vein Patients Treated with VNUS
Closure Procedure Worldwide SAN JOSE, Calif., June 8
/PRNewswire-FirstCall/ -- VNUS(R) Medical Technologies, Inc.
(NASDAQ:VNUS), a worldwide leader in medical devices for the
minimally invasive treatment of venous reflux disease, the
underlying cause of varicose veins, announced today that as of this
week, it estimates the number of patients treated with the VNUS
Closure radiofrequency vein ablation system has surpassed 500,000
worldwide. Thousands of physicians across the Americas, Europe and
Asia have embraced the VNUS ClosureFAST(TM) catheter and
ClosureRFS(TM) device as a highly effective minimally invasive
medical technology for treating diseased leg veins and restoring
healthy circulation to varicose vein patients. VNUS solutions have
also achieved widespread acceptance among medical insurers, with
all major US health insurance insurers covering radiofrequency vein
ablation for patients with symptomatic varicose veins and venous
reflux. In addition, the VNUS procedure is available in 40
countries and is covered by the national health insurance systems
in the UK and France. "Achieving the physician, patient and insurer
acceptance that has led to 500,000 patients treated with our VNUS
Closure procedure is a tremendous milestone both for our company
and for the field of minimally invasive vein treatment," said Brian
E. Farley, VNUS' first employee in 1995 and President and CEO.
"Although this accomplishment is notable, we expect that in the
future our Closure products will ultimately help millions of
patients suffering from venous reflux. We also believe that our
success emanates from a strong commitment to product quality
supported by clinical and comparative effectiveness trials of our
products. The results of these trials have proven to the medical
and payor community that the VNUS Closure catheter offers superior
clinical benefits to patients compared to alternative therapies. We
believe our physician customers and employees gain a deep sense of
satisfaction from providing such high quality medical care and
products to our most important constituents - the patients treated
with VNUS Closure products." VNUS' products have been featured in
over 100 clinical publications and more than ten published book
chapters. Some of the company's most significant milestones
include: -- 1995: Company founded, development of catheters using
RF energy to controllably shrink veins -- January 1998: First
Closure procedure performed -- March 1999: FDA clearance of the
VNUS Closure catheter and radiofrequency generator -- August 2003:
Publication of randomized trial of the Closure catheter vs. vein
stripping -- September 2005: Publication of Closure clinical study
confirming the long-term efficacy of the procedure -- October 2005:
FDA clearance of the Closure RFS device for treatment of perforator
veins -- August 2006: FDA clearance of ClosureFAST, the
next-generation catheter -- March 2007: Launch of the ClosureFAST
catheter to physicians and the public -- June 2008: VNUS licenses
its patents for vein ablation to laser competitors -- April 2009:
UK National Health Service cites VNUS Closure procedure as a select
innovative technology -- May 2009: Covidien Ltd. announces intent
to acquire VNUS -- June 2009: Publication of randomized trial of
the ClosureFAST catheter vs. laser ablation -- June 2009: 500,000th
Closure procedure performed. ABOUT VNUS MEDICAL TECHNOLOGIES, INC.
Founded in 1995 and headquartered in San Jose, California, VNUS
Medical Technologies (NASDAQ:VNUS) is a worldwide leader in medical
devices for the minimally invasive treatment of venous reflux
disease, a progressive condition that is the underlying cause of
varicose veins. VNUS sells the Closure system, which consists of a
proprietary radiofrequency (RF) generator and proprietary
disposable endovenous catheters and devices to treat diseased veins
through the application of temperature-controlled RF energy. For
more information, please visit http://www.vnus.com/. DATASOURCE:
VNUS Medical Technologies, Inc. CONTACT: Jon Kitahara, Director,
Marketing Programs, of VNUS Medical Technologies, Inc.
+1-408-360-7220, Web Site: http://www.vnus.com/
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