NASDAQ Comp.
23.07.2008 10:30:00
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AngioDynamics Appoints Vice President of International IRE Sales
AngioDynamics, Inc. (NASDAQ:ANGO), a leading provider of
innovative medical devices used by interventional radiologists,
nephrologists and surgeons for the minimally invasive treatment of
cancer and peripheral vascular disease, announced today that it has
appointed Agustin Gago, 49, as the Company’s
Vice President of International IRE Sales, a newly created position at
the Company. Mr. Gago will report to Eamonn Hobbs, President and CEO of
AngioDynamics, and will be responsible for developing international
sales of the new NanoKnife™, which is the
first product developed from AngioDynamics’
new Irreversible Electroporation (IRE) platform technology.
"Agustin brings 25 years of experience in
developing, launching and marketing cutting-edge medical technology,
pharmaceutical and biotechnology products, with extensive experience in
international operations,” said Mr. Hobbs. "We
believe IRE is one of the most compelling new technologies we’ve
seen in our company’s history, and our recent
symposium at the World Conference on Interventional Oncology confirmed
the tremendous amount of interest from surgeons and interventional
radiologists in the technology’s potential.” "We are in the process of providing 20
NanoKnife™ systems to thought leaders in the
surgical resection field,” Mr. Hobbs
continued. "As additional clinical trials
progress and more data is obtained, we believe it is important to add a
proven leader who can help manage the unique capabilities and growth
potential of both NanoKnife™ and IRE. Given
Agustin’s strong working relationships with
leading medical clinicians, governmental agencies and industry
executives, we believe that he is the right person to lead the
international operational initiatives of IRE, with expected commercial
rollout beginning in the second fiscal quarter of 2009.”
Mr. Gago joins AngioDynamics from E-Z-EM Inc., a provider of barium
contrast media and devices for radiology, which was acquired by Bracco
Diagnostics, Inc. in April 2008. Mr. Gago most recently served as Vice
President, Global GI Business Unit, a position he assumed in 2002. In
this role, he led the global GI marketing and international sales,
managed a multi-tiered staff of 47, and grew international revenues to
approximately 35% of total company sales. From 1998 until 2002, Mr. Gago
served as Vice President, International Operations, where he established
a sales distribution network in more than 80 countries.
Prior to joining E-Z-EM in 1998, Mr. Gago spent four years as Vice
President, International Sales, at AngioDynamics. In this role, he led
the Company’s international sales efforts
with a focus on rolling out the Company’s
interventional cardiology line. Mr. Gago received his Bachelor of
Science degree in Business Management from Hofstra University.
About Irreversible Electroporation
Irreversible Electroporation (IRE) is a surgical resection technique in
which electrical fields are used to create nano-scale defects in a cell’s
membrane, which causes cell death only in the targeted tissue, without
destroying critical structures such as ducts, blood vessels and nerves.
A research team headed by Boris Rubinsky, Distinguished Professor of
Bioengineering at the University of California, Berkeley, invented the
IRE technology used in the ongoing trials. The technology was
exclusively licensed by the University of California to Oncobionic for
commercial development. With the close of the acquisition of Oncobionic
in April 2008, AngioDynamics has taken ownership of the exclusive
license along with a developing portfolio of Intellectual Property in
the area of IRE.
About AngioDynamics
AngioDynamics, Inc. is a leading provider of innovative medical devices
used by interventional radiologists, surgeons, and other physicians for
the minimally invasive treatment of cancer and peripheral vascular
disease. The Company's diverse product line includes market-leading
radiofrequency ablation systems, vascular access products, angiographic
products and accessories, dialysis products, angioplasty products,
drainage products, thrombolytic products, embolization products, venous
products and the new IRE platform technology. More information is
available at www.angiodynamics.com.
Safe Harbor
This release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. All statements
regarding AngioDynamics’ expected future
financial position, results of operations, cash flows, business
strategy, budgets, projected costs, capital expenditures, products,
competitive positions, growth opportunities, plans and objectives of
management for future operations, as well as statements that include the
words such as "expects,” "reaffirms”
"intends," "anticipates," "plans," "believes," "seeks," "estimates," or
variations of such words and similar expressions, are forward-looking
statements. These forward looking statements are not guarantees of
future performance and are subject to risks and uncertainties. Investors
are cautioned that actual events or results may differ from the
Company's expectations. Factors that may affect the actual results
achieved by the Company include, without limitation, the ability of the
Company to develop its existing and new products, future actions by the
FDA or other regulatory agencies, results of pending or future clinical
trials, overall economic conditions, general market conditions, market
acceptance, foreign currency exchange rate fluctuations, the effects on
pricing from group purchasing organizations and competition, the ability
of the Company to integrate the purchased Diomed businesses as well as
the risk factors listed from time to time in the SEC filings of
AngioDynamics, Inc., including but not limited to its Annual Report on
Form 10-K for the year ended June 2, 2007. The Company does not assume
any obligation to publicly update or revise any forward-looking
statements for any reason.
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