Daily Newsletter

16 August 2023

Daily Newsletter

16 August 2023

AngioDynamics’ AngioVac receives breakthrough device designation from FDA

The system enables the removal of thrombus and embolic material while reducing blood loss through the recirculation of blood.

RanjithKumar Dharma August 16 2023

AngioDynamics has secured breakthrough device designation from the US Food and Drug Administration (FDA) for its AngioVac System for the non-surgical removal of right heart vegetation.

Utilising a venous drainage cannula, the on-circuit aspiration system eliminates thrombi or emboli during extracorporeal bypass for up to six hours.

It enables the removal of thrombus and embolic material while reducing blood loss through the recirculation of blood via the AngioVac extracorporeal (venovenous) bypass circuit.

The thrombus/embolus extraction procedure focuses on various vessels including, but not limited to, the iliofemoral vein, inferior vena cava, superior vena cava and right heart.

AngioDynamics president and CEO Jim Clemmer said: “The FDA’s recognition of the AngioVac System and its potential to provide a novel and innovative treatment pathway for the non-surgical removal of vegetation from the right heart represents a significant step in our journey to advance patient care.

“The support of our physician partners continues to lead us in the development, study and application of this innovative technology to treat and manage critical medical conditions for a patient population with an unmet need.”

In June of this year, Merit Medical Systems completed the acquisition of a dialysis catheter product portfolio and the BioSentry Tract Sealant System Biopsy product from AngioDynamics for a cash consideration of $100m.

AngioDynamics aims to use the proceeds from the transaction to clear its existing debt and make strategic investments in growth and profitability.

Digital transformation of the healthcare industry is driving the demand and development for precision and personalized medicine

Per GlobalData estimates, the precision and personalized medicine market is expected to achieve a CAGR of more than 43% between 2022 and 2029. The digital transformation of the healthcare industry is driving the market demand. For example, advances in biomarker testing with NGS are improving patient selection, use of AI in identifying trends in big datasets is accelerating the time from drug discovery to commercialization, and the use of Industry 4.0 technologies is improving the quality and efficiency of manufacturing complex drugs such as cell and gene therapies.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close