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XTENT Announces Third Quarter 2007 Financial Results
Date:11/2/2007

totaled $7.9 million, compared to $5.3 million for the same period in 2006.

"We continue to make excellent progress in the development of our innovative stent systems," commented Gregory D. Casciaro, XTENT's President and CEO. "In October, we announced very encouraging results from our CUSTOM I and CUSTOM II clinical trials at the Transcatheter Cardiovascular Therapeutics (TCT) conference. At two year follow-up for CUSTOM I and one year follow-up for CUSTOM II, no new major adverse cardiac (MACE) events were reported. In addition, the incidence of late stent thrombosis in both trials was zero. Everyone at XTENT continues to be very focused on the execution of clinical, regulatory and product development milestones."

Third Quarter 2007 Highlights:

-- Completion of patient enrollment in the 90-patient CUSTOM III clinical

trial

-- Appointment of Michael Eagle, former Vice President, Manufacturing, at

Eli Lilly and Company, to the Board of Directors

-- Filed an Investigational Device Exemption (IDE) application with the

United States Food and Drug Administration (FDA) to begin the CUSTOM IV

pivotal trial. As the company announced on October 22, 2007, at the

Transcatheter Cardiovascular Therapeutics meeting in Washington D.C.,

it recently received questions back from the FDA regarding the IDE

application, and it is working to address these questions which must be

resolved before the company can initiate its Custom IV pivotal trial.

Conference Call and Webcast Information

The company will not be hosting a quarterly earnings call for the third quarter of 2007 as it provided an update during its conference call and webcast at TCT on October 22, 2007.

About XTENT

XTENT, Inc. is a medical device company focused on developing and commercializing innovative customizable drug eluting stent (DES) systems for the treatment of coronary artery disease (CAD
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SOURCE XTENT, Inc.
Copyright©2007 PR Newswire.
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