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Lutonix Announces Achievement of Significant Milestones and Additions to Executive Leadership Team
Date:6/28/2011

in evaluating a promising new therapy."

According to the National Institutes of Health, 8-12 million people in the United States have PAD.  Although conventional stent and balloon treatments are available, achieving long-term effectiveness remains a challenge.  Drug-coated balloons may offer a much-needed new solution by combining the therapeutic simplicity of balloon angioplasty with the power of an anti-restenotic drug to help keep the artery open over time.  The DCB technology enables physicians to deliver the drug directly to the artery without leaving a permanent implant such as a stent behind.  

Executive Leadership Additions

Prior to joining Lutonix, Shawn McCormick previously served as Chief Financial Officer of ev3, Inc. and was instrumental in improving the company's operating performance, ultimately leading to a successful acquisition by Covidien.  Prior to ev3, Shawn spent 17 years with Medtronic in a variety of senior management roles including Vice President of Finance for the spinal division and Vice President, Corporate Development.

Leslie Trigg previously served as Chief Business Officer of AccessClosure, leading the sales and marketing efforts behind the launch of a new vascular closure device.  Prior to AccessClosure, she led the commercial introduction of a new PAD therapy as VP of Marketing for FoxHollow.  Leslie also has held commercialization roles of increasing responsibility at Guidant, Pro-Duct Health and Cytyc.  She currently serves on the board of directors for Cardiovascular Systems, Inc., a publicly traded medical device company in the peripheral vascular space.

"We are thrilled to be able to complement our strong regulatory, clinical, scientific and R&D capabilities with the extensive operating experience Shawn and Leslie bring to the company," said Dr. Dennis Wahr, CEO of Lutonix.   "Given their combined leadership track record
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SOURCE Lutonix, Inc.
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