ATS Medical Wins Canadian Nod To Market Heart Valve Repair Line
March 23, 2010 (FinancialWire) — ATS Medical, Inc. (NASDAQ: ATSI), a manufacturer of cardiac surgery products, said that Health Canada-Medical Device Bureau, Therapeutic Products Programme has approved commercialization of the ATS Simulus Annuloplasty product line for valve repair.
The Simulus product portfolio includes flexible, semi-rigid and adjustable annuloplasty rings and bands for use in mitral and tricuspid valve repair. Valve repair, as opposed to valve replacement, has been established as a therapy for diseased or damaged mitral valves.
According to ATS, the approval expands the growth opportunity for ATS Medical in Canada and is complemented by the addition of a new distribution partner, Canadian Hospital Specialties, Ltd.
Minnesota-based ATS Medical is engaged in the development, manufacturing and marketing of products and services for the treatment of structural heart disease.
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