New Products: FDA Clears Endologix Line Extensions
June 11, 2010 (FinancialWire) — Endologix, Inc. (NASDAQ: ELGX), a developer of minimally invasive treatments for aortic disorders, said that it has received U.S. Food and Drug Administration approval for its expanded offering of Powerlink stent graft products.
The approval covers 31 new sizes of Powerlink main body bifurcated, proximal extension, and limb extension stent grafts that increase the system's addressable patient population by 5% to 10%.
According to the company, the new products will be launched in a limited market release at the 2010 annual meeting of the Society for Vascular Surgery, which is being held June 10-13 in Boston. Endologix said it expects to launch the new product line extensions in a full market release during the fourth quarter of 2010.
California-based Endologix’s flagship product is the Powerlink System, which is an endovascular stent graft for the treatment of abdominal aortic aneurysms. AAA is a weakening of the wall of the aorta, the largest artery in the body, resulting in a balloon-like enlargement.
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