CryoCath Technologies Inc (TSX:CYT)
Shares Issued 42,501,211
Last Close 6/3/2008 $3.95
Wednesday June 04 2008 - News Release
Mr. Michael Moore reports
CRYOCATH INTRODUCES ARCTIC FRONT IN HONG KONG
CryoCath Technologies Inc. has introduced Arctic Front in Hong Kong. Arctic Front, the company's leadproduct for the treatment of paroxysmal atrial fibrillation (PAF), is a uniquecryoablation balloon catheter that allows physicians to safely and effectivelyisolate all four pulmonary veins in the treatment of PAF.
Dr. Ngai-Yin Chan, head of the electrophysiological department at thePrincess Margaret Hospital, Hong Kong, performed the first procedures onMay 28, 2008. Dr. Chan had previously attended the Arctic Front mastersprogram for the cryoballoon system in Bad Neustadt, Germany. Leadership ofthis program is in the hands of Prof. Dr. Burghard Schumacher and Dr.Marcus Koller, Herz-und Gefass-Klinik. Prof. Schumacher and Dr. Koller,co-authors of the Cryoballoon prospective three-centre study, are two of themost experienced users of the Arctic Front system and are responsible forhaving trained in excess of 60 physicians on circumferential pulmonary veinisolation with Arctic Front.
"In Arctic Front, we see the potential for a groundbreaking therapy inthe treatment of paroxysmal atrial fibrillation. Our belief in cryoablationwith the experience we have has been reinforced by a growing body of clinicalevidence in Europe and throughout the world," said Dr. Chan. "We are eager tooffer Arctic Front as a potentially safe and effective treatment to thethousands of patients in Hong Kong suffering from atrial fibrillation."
"We are extremely proud to see Arctic Front expand into new marketsbeyond Europe, first in Australia, and now in Hong Kong. With our rapidlygrowing body of clinical evidence, we are confident that our Arctic Frontsystem will continue to broaden its user base," said Jan Keltjens, presidentand chief executive officer of CryoCath. "I am greatly encouraged by the support demonstrated byleaders in Hong Kong's medical community. By strengthening our footprint inAsia, we look forward to delivering the benefits of our breakthrough therapyto a wider patient base, which will, in turn, accelerate the adoption of theArctic Front system worldwide."
Arctic Front will be exclusively distributed in Hong Kong by PacificMedical (HK) Co. Ltd.