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(http://www.hansenmedical.com)
Hansen Medical, Inc. (NASDAQ: HNSN), a global leader in intravascular
robotics and the developer of robotic technology for accurate 3D
control of catheter movement, today announced that it has received
510(k) clearance from the U.S. Food and Drug Administration (FDA) for
its Magellan? Robotic System, including the catheter and accessories.
The Company will commence commercialization at selected centers in the
U.S. immediately, with a full launch expected later in the year. The
product will be presented at the 66th Vascular Annual Meeting of the
Society for Vascular Surgery at National Harbor, Maryland from June
7-9.
The Magellan Robotic System is intended to facilitate navigation to
anatomical targets in the peripheral vasculature and subsequently
provide a conduit for manual placement of therapeutic devices. The
System has the potential to provide vascular surgeons and other
interventionalists the ability to perform fast and predictable
procedures, while allowing the physician to be seated comfortably away
from the radiation source, which may reduce radiation exposure and
physician fatigue.
"Today's announcement marks one of the most significant milestones in
the Company's history," said Hansen Medical President and CEO Bruce
Barclay. "Not only does the Magellan System have the potential to be a
significant growth driver for Hansen, it also represents a fundamental
step forward in the transformation of vascular intervention using
intravascular robotics."
The global vascular market is large and expanding rapidly, driven by
an aging population, the prevalence of diabetes and obesity, and an
increase in disease awareness. Of the more than 3 million vascular
procedures done worldwide each year, approximately one-third to
one-half of them could be addressed using the Magellan Robotic System.
Dr. Alan Lumsden, Chair of Hansen Medical's U.S. Scientific Advisory
Board, and Chair of the Department of Cardiovascular Surgery and
Medical Director of Methodist DeBakey Heart and Vascular Center at The
Methodist Hospital, Houston, commented, "The Magellan Robotic System
is a significant technological advancement that may offer important
clinical benefits for physicians performing peripheral interventions.
The System provides physicians with independent robotic control of
both catheter tips to navigate efficiently through a variety of
anatomies and lesions. Our in vitro and in vivo animal studies
indicate that using this platform has the potential to increase
efficiencies in the interventional lab by shortening procedure times
and allowing more predictable interventions. Ultimately, we believe
this System may facilitate alternative patient treatment options by
enabling robotic endovascular interventions."
The Magellan Robotic System results in a new standard for peripheral
vascular intervention that has the potential to deliver revolutionary
lesion access, precise distal tip control, solid catheter stability
and consistent procedural efficiency.
Dr. Jean Bismuth, a leading vascular surgeon at the DeBakey Heart and
Vascular Center at The Methodist Hospital, Houston, said, "Since the
Magellan Robotic System was designed specifically for vascular
interventions, it offers excellent catheter stability and precision
during the delivery and placement of a variety of therapeutic devices
in different anatomic conditions, including various peripheral
vascular diseases with tortuous anatomy. Additionally, the Magellan
Robotic System may offer physicians less radiation exposure and
reduced procedural fatigue due to the remote workstation that allows
the physician to be seated comfortably outside the imaging suite."
The Company believes the Magellan platform also provides a compelling
value proposition to hospitals.
"Hospitals today need to ensure not only quality patient care, but
also sound fiduciary judgment in all purchase decisions," continued
Barclay. "To remain competitive in the markets they serve, hospitals
need to become more efficient, while also increasing their patient
capacity. The Magellan Robotic System has the potential to help
hospitals accomplish both of these goals."
"We are excited about the initial interest a number of key U.S.
hospitals have shown in the Magellan System and intend to focus our
near-term commercialization strategy on partnering with a select group
of esteemed physicians who are both influential and early adopters of
new technologies in the industry," said Barclay. "We will provide them
with the appropriate training and engage with them to demonstrate the
benefit and value of the Magellan. This focused and controlled
commercial launch should enable us to generate positive clinical
experiences and data to drive both interest and adoption among other
physicians and hospitals in the large and rapidly expanding U.S.
peripheral vascular market, and will be followed later this year with
full launch activities."
Barclay concluded, "Today's announcement is a testament to the
immensely talented development and support teams at Hansen Medical
that worked tirelessly to reach this important milestone, and I want
to personally congratulate and thank them for their hard work."
The Magellan System received a CE Mark in the European Union last
year, and the Company has already commenced a commercial launch in
that region. In addition, the System has been approved in Australia,
and is pending approval in Canada.
About the Magellan? Robotic SystemHansen Medical's Magellan Robotic
System is based upon the flexible robotic technology incorporated in
the Sensei-X@ Robotic Catheter System currently sold in the U.S. and
Europe, which has been used in more than 8,000 patients, but includes
a number of key enhancements. In particular, the Magellan Robotic
System:
Hansen Medical Conference CallCompany management will hold a
conference call to discuss the receipt of 510(k) clearance for the
Magellan Robotic System today, June 4, 2012, at 2:00 p.m. Pacific
(5:00 p.m. Eastern). Investors are invited to listen to the call live
via the Internet using the link available within the "Investor
Relations" section of Hansen Medical's website at
http://www.hansenmedical.com/(http://ctt.marketwire.com/?release=894950&id=1674565&type=1&url=http%3a%...).
Additionally, participants can dial into the live conference call by
calling 877-941-1427 or 480-629-9664. An audio replay of the webcast
will be available approximately one hour after the completion of the
conference call through June 11, 2012, by calling 877-870-5176 or
858-384-5517, and entering access code 4544736.
About Hansen Medical, Inc. Hansen Medical, Inc., based in Mountain
View, California, develops products and technology using robotics for
the accurate positioning, manipulation and control of catheters and
catheter-based technologies. The Company's Sensei@ X Robotic Catheter
System and Artisan Control Catheter were cleared by the U.S. Food and
Drug Administration for manipulation and control of certain mapping
catheters in electrophysiology (EP) procedures. This robotic catheter
system is compatible with fluoroscopy, ultrasound, 3D surface map and
patient electrocardiogram data. In the United States, the Sensei
System is not approved for use in guiding ablation procedures; this
use remains experimental. The U.S. product labeling therefore provides
that the safety and effectiveness of the Sensei X System and Artisan
Control Catheter for use with cardiac ablation catheters in the
treatment of cardiac arrhythmias, including atrial fibrillation (AF),
have not been established. In the European Union, the Sensei X System
and Artisan Control Catheter are cleared for use during EP procedures,
such as guiding catheters in the treatment of AF, and the Lynx@
Robotic Ablation Catheter is cleared for the treatment of AF. The
Company's Magellan? Robotic System, NorthStar? Robotic Catheter and
related accessories, which are intended to facilitate navigation to
anatomical targets in the peripheral vasculature and subsequently
provide a conduit for manual placement of therapeutic devices, have
undergone both CE marking and 510(k) clearance and are commercially
available in the European Union, and the U.S.
Additional information can be found at
www.hansenmedical.com(http://ctt.marketwire.com/?release=894950&id=1674568&type=1&url=http%3a%...).
Forward-Looking StatementsThis press release contains forward-looking
statements regarding, among other things, statements relating to
goals, plans, objectives, milestones and future events. All
statements, other than statements of historical fact, are statements
that could be deemed forward-looking statements, including statements
containing the words "plan," "expects," "potential," "believes,"
goal," "estimate," and similar words. These statements are based on
the current estimates and assumptions of our management as of the date
of this press release and are subject to risks, uncertainties, changes
in circumstances and other factors that may cause actual results to
differ materially from the information expressed or implied by
forward-looking statements made in this press release. Examples of
such statements include statements about the potential benefits of our
Magellan Robotic System on the vascular procedures and the timing and
results of commercializing our Magellan Robotic System. Important
factors that could cause actual results to differ materially from
those indicated by such forward-looking statements include, among
others: engineering, regulatory and sales challenges in developing new
products and entering new markets; potential safety and regulatory
issues that could slow or suspend our sales; the uncertain timelines,
costs and results of pre-clinical and clinical trials; the rate of
adoption of our systems and the rate of use of our catheters; the
scope and validity of intellectual property rights applicable to our
products; competition from other companies; our ability to recruit and
retain key personnel; our ability to maintain our remedial actions
over previously reported material weaknesses in internal controls over
financial reporting; the effect of credit, financial and economic
conditions on capital spending by our potential customers; our ability
to manage expenses and obtain additional financing; and other risks
more fully described in the "Risk Factors" section of our Quarterly
Report on Form 10-Q for the quarter ended March 31, 2012 filed with
the SEC on May 7, 2012 and the risks discussed in our other reports
filed with the SEC. Given these uncertainties, you should not place
undue reliance on the forward-looking statements in this press
release. We undertake no obligation to revise or update information
herein to reflect events or circumstances in the future, even if new
information becomes available.
Hansen Medical, Heart Design (Logo), Hansen Medical (with Heart
Design), and Sensei are registered trademarks, and Magellan is a
trademark of Hansen Medical, Inc. in the United States and other
countries.


