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Stereotaxis Reports Record Second Quarter Revenue
Date:8/5/2008

rrigated catheter," continued Mr. Hogg. "And, there was excellent progress in the second quarter toward resolving the specification conformance issues that led to the magnetic irrigated catheter's withdrawal in Europe in early 2008. During the week of July 7, Biosense Webster, our partner in the development of this catheter, filed a PMA supplement with the U.S. Food and Drug Administration, immediately followed by a CE Mark filing with European regulators, approximately one month ahead of our expectations. We believe these filings provide the surest approval process for the return to the market of the irrigated catheter. Pending regulatory approvals, we are optimistic that sales of the magnetic irrigated catheter will be able to resume in the fourth quarter of 2008 in Europe and shortly thereafter in the U.S. We expect that the availability of the irrigated catheter will drive substantially greater utilization of our installed base of Niobe Systems."

"Odyssey continues to show strong customer acceptance with orders of $2.1 million in the second quarter," said Mr. Hogg. "During the recent quarter, we sold our first Odyssey for use outside of a Niobe system lab. In addition, we are introducing Odyssey Cinema(TM), an innovative new product. Odyssey Cinema records procedures and enables physicians to receive a real-time high definition view from any point in the network of installed Odyssey systems. In addition, the Cinema Archiver(TM) feature allows clinicians to store and replay entire procedures or segments of procedures, providing them with a new tool for collaboration, remote consultation, and training. We previewed the Odyssey Cinema and Archiver at the Heart Rhythm Society conference in May and they were enthusiastically received by the clinicians in attendance. We were also very pleased with our recent agreement with Biosense Webster to co- promote and expand Odyssey by granting Biosense Webster non-exclusive rights to use our information management techn
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SOURCE Stereotaxis, Inc.
Copyright©2008 PR Newswire.
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Related medicine news :

1. Stereotaxis Announces Second Quarter 2008 Earnings Release Date and Conference Call
2. Stereotaxis Magnetic Navigation System Used to Successfully Treat an Inoperable Congenital Heart Defect in a 10-Year Old Patient
3. Stereotaxis Reports Record First Quarter Orders
4. Stereotaxis to Present at the Deutsche Bank 33rd Annual Health Care Conference
5. Stereotaxis Niobe Magnetic Navigation Systems Perform Approximately 15,000 Cases
6. Stereotaxis Appoints Senior Vice President of Global Marketing and General Manager for Europe
7. Stereotaxis Announces Fourth Quarter and Full Year 2007 Earnings Release Date and Conference Call
8. Stereotaxis to Present at the Deutsche Bank Small- and Mid-Cap Growth Conference
9. Stereotaxis Receives $20 Million in Additional Loan Commitments
10. Stereotaxis Provides Fourth Quarter 2007 Revenue Outlook
11. Stereotaxis Highlights Live Coronary and Peripheral Vascular Cases Performed at TCT With Stereotaxis Magnetic Navigation System
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