Stereotaxis (STXS) Receives European Approval for Additional Magnetic Irrigated Catheter

October 30, 2009 6:46 AM EDT

Stereotaxis (Nasdaq: STXS) received notice that the Celsius RMT ThermoCool catheter has received CE Mark for distribution in the European market. The product is the fifth advanced ablation catheter resulting from the on-going co-development agreement between Stereotaxis and Biosense Webster to design and distribute magnetically enabled catheters for use in the Niobe Magnetic Navigation System (MNS).

This catheter fills out the family of magnetic irrigated catheters to offer both localized and non-localized technology. Localized catheters are used for more complex arrhythmias requiring 3D electro-anatomic mapping for precise diagnosis, whereas non-localized catheters are typically used for simpler arrhythmias which can be treated using basic imaging and ECG recordings.

A pre-market approval (PMA) application supplement for the Celsius RMT ThermoCool catheter was submitted to the U.S. Food and Drug Administration in September.

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