Abbott (ticker: ABT, exchange: New York Stock Exchange (.N))
News Release -
23-Jun-2009
Abbott Receives CE Mark for Company's Next-Generation XIENCE PRIME(TM) Drug Eluting Stent, Advancing Leadership Position Broad Size Matrix of XIENCE PRIME to be Launched in Europe in the Third
Quarter
ABBOTT PARK, Ill., June 23 /PRNewswire-FirstCall/ -- Abbott announced
today that it has received CE Mark (Conformite Europeenne) for its
next-generation XIENCE PRIME(TM) Everolimus Eluting Coronary Stent System for
the treatment of coronary artery disease. The company plans to launch XIENCE
PRIME in a broad size matrix with lengths up to 38 mm in Europe in the third
quarter.
"XIENCE PRIME leverages and will build upon the outstanding body of
clinical evidence from the SPIRIT family of clinical trials. The modified
design features of the stent and delivery system are intended to make it
easier for physicians to deliver the stent to the treatment area," said Robert
Hance, senior vice president, vascular, Abbott. "As part of Abbott's
leadership in drug eluting stents, we are committed to advancing treatment
options and look forward to making the innovative XIENCE PRIME stent available
to physicians and patients in Europe in the upcoming months."
XIENCE PRIME utilizes the same well-studied drug and proven biocompatible
polymer as Abbott's market-leading XIENCE V(R) Everolimus Eluting Coronary
Stent System. In addition, it offers a novel stent design and a modified
delivery system designed for greater flexibility and improved deliverability.
XIENCE PRIME uses cobalt chromium technology, which allows for very thin
struts while maintaining strength to support the vessel as well as excellent
visibility under X-ray during the stent implantation procedure. XIENCE PRIME
is based upon the proven design of the MULTI-LINK(R) family of stents, which
is the most widely used stent platform in the world - more than 2 million of
Abbott's cobalt chromium stents have been implanted worldwide. Upon launch in
Europe, XIENCE PRIME will be available in an expanded size matrix, including
XIENCE PRIME SV for small vessels and XIENCE PRIME LL for long lesions.
Abbott's robust vascular research program includes clinical trials in
coronary artery disease and peripheral artery disease. Key products in the
vascular pipeline include: the MULTI-LINK 8(TM) Coronary Stent System, a
next-generation frontline balloon dilatation catheter, a fully bioabsorbable
drug eluting coronary device, and the Omnilink Elite(TM) Peripheral Stent
System.
The MULTI-LINK 8 Coronary Stent System, the next-generation frontline
balloon dilatation catheter, the fully bioabsorbable drug eluting device and
the Omnilink Elite Peripheral Stent System are in development and are not
available for sale.
XIENCE PRIME currently is an investigational device in the United States
and not available for sale.
About XIENCE V
Abbott's market-leading XIENCE V drug eluting stent is marketed in the
United States, Europe and other international markets. XIENCE V is an
investigational device in Japan and is currently under review by Japan's
Ministry of Health, Labour and Welfare and the Pharmaceuticals and Medical
Devices Agency.
Everolimus, developed by Novartis Pharma AG, is a proliferation signal
inhibitor, or mTOR inhibitor, licensed to Abbott by Novartis for use on its
drug eluting stents. Everolimus has been shown to inhibit in-stent neointimal
growth in the coronary vessels following stent implantation, due to its
anti-proliferative properties.
Additional information about XIENCE V, including important safety and
effectiveness information, is available online at www.xiencev.com.
About Abbott Vascular
Abbott Vascular, a division of Abbott, is one of the world's leading
vascular care businesses. Abbott Vascular is uniquely focused on advancing the
treatment of vascular disease and improving patient care by combining the
latest medical device innovations with world-class pharmaceuticals, investing
in research and development, and advancing medicine through training and
education. Headquartered in Northern California, Abbott Vascular offers a
comprehensive portfolio of vessel closure, endovascular and coronary products.
About Abbott
Abbott is a global, broad-based health care company devoted to the
discovery, development, manufacture and marketing of pharmaceuticals and
medical products, including nutritionals, devices and diagnostics. The company
employs more than 72,000 people and markets its products in more than 130
countries.
Abbott's news releases and other information are available on the
company's Web site at www.abbott.com.
SOURCE Abbott
CONTACT:
Media,
Jonathon Hamilton,
+1-408-845-3491,
or Jennie Kim,
+1-408-845-1755,
or Financial,
John Thomas,
+1-847-938-2655,
or Tina Ventura,
+1-847-935-9390, all of Abbott
Web Site: http://www.abbott.com
(ABT)
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