Press Releases

Corindus to Showcase CorPath® GRX System at Transcatheter Cardiovascular Therapeutics 2019 Conference

September 18, 2019

Breakfast symposium and conference activities to highlight capabilities of vascular robotic technology and advancements in automation and remote treatment

WALTHAM, Mass.,--(BUSINESS WIRE)-- Corindus Vascular Robotics, Inc. (“Corindus” or the “Company”) (NYSE American: CVRS), a leading developer of precision vascular robotics, announced today it will showcase the capabilities of the CorPath® GRX system at the Transcatheter Cardiovascular Therapeutics (TCT) 2019 Conference, to be held September 25-29 in San Francisco, California. CorPath GRX is the only U.S. Food and Drug Administration (“FDA”) cleared and CE-marked medical device for robotic-assisted vascular interventions. At Corindus’ booth 1327, attendees will be able to gain hands-on experience with CorPath GRX in an advanced simulation. In addition, the next set of automated movements in the technIQ™ Series will be available for demonstration.*

Corindus will also host an educational breakfast symposium titled “Transforming Robotics into an Advanced Clinical Tool Through Automation and Remote Capabilities” on Friday, September 27, from 6:45 to 7:45 a.m. at the Moscone Center, Room 216, Level 2, Moscone South. Corindus’ Chief Medical Officer, J. Aaron Grantham, M.D., of St. Luke’s Hospital of Kansas City, will chair the symposium, which will feature presentations from experts in robotic-assisted coronary intervention. Attendees will also be able to participate in a Q&A session with the faculty. Symposium topics and speakers include:

• “Clinical Review” presented by Ehtisham Mahmud, M.D.

• “Robotics in Clinical Practice: Complex PCI” presented by William Lombardi, M.D.

• “Preparing for a Remote PCI Program Today” presented by Jean Fajadet, M.D.

• “Progress on Automation & Remote” presented by Tejas Patel, M.D.

“My peers in the field have an appreciation for emerging treatment modalities that advance the standard of care, and we are excited to share the latest developments in robotic-assisted procedures with them,” Dr. Grantham said. “As more hospitals and health systems adopt robotic technology, it will be critical for physicians to see CorPath GRX in action and learn the benefits of the device for patients and practitioners through hands-on experience.”

TCT is the world’s largest educational meeting specializing in interventional cardiovascular medicine. For 30 years, TCT has showcased the latest advances in current therapies and clinical research and gathered a range of healthcare professionals with a special interest in the field of interventional and vascular medicine. Registration for the breakfast symposium is available at http://www.corindus.com/tct2019.

“TCT represents the largest educational meeting in interventional cardiovascular medicine and we are pleased that the enthusiasm for vascular robotics continues to build,” said Mark Toland, President and Chief Executive Officer of Corindus. “We look forward to sharing our significant progress with remote and automated technology with the interventional community, as we envision these enhancing the future of patient care,” added Toland.

To see the full list of vascular robotic events at TCT or to sign up for demonstrations of the CorPath GRX System, please visit http://www.corindus.com/tct2019.

To learn more about Corindus and CorPath GRX, please visit Corindus Vascular Robotics.

*The next set of automated movements in the technIQ Series used with CorPath GRX has not yet been cleared by the FDA; 510(k) pending.

ABOUT CORINDUS VASCULAR ROBOTICS, INC.

Corindus Vascular Robotics, Inc. is a global technology leader in robotic-assisted vascular interventions. The Company’s CorPath® platform is the first FDA-cleared medical device to bring robotic precision to percutaneous coronary and vascular procedures. CorPath GRX is the second-generation robotic-assisted technology offering enhancements to the platform by adding important key upgrades that increase precision, improve workflow, and extend the capabilities and range of procedures that can be performed robotically. We are focused on developing innovative robotic solutions to revolutionize treatment of emergent conditions by providing specialized and timely medical care to patients around the world. For additional information, visit www.corindus.com, and follow @CorindusInc.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Statements made in this release that are not statements of historical or current facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Corindus to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that includes terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates,” “should” or “plans” to be uncertain and forward-looking. Forward-looking statements may include comments as to Corindus’ beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside Corindus’ control.

Examples of such statements include statements regarding or such as:

  • That Corindus will showcase the capabilities of the CorPath® GRX system at the Transcatheter Cardiovascular Therapeutics 2019 Conference and host an educational breakfast symposium chaired by Dr. Grantham featuring presentations from experts in robotic assisted coronary intervention and a Q&A session for attendees with faculty; and
  • that attendees at Corindus’ booth will be able to gain hands-on experience with the CorPath® GRX system.

Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are described in the sections titled “Risk Factors” in the Company's filings with the Securities and Exchange Commission (the “SEC”), including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as well as Current Reports on Form 8-K, including, but not limited to, the following: in connection with the proposed merger between Corindus and an affiliate of Siemens Medical Solutions USA, Inc., the risk that the required vote of Corindus’ stockholders for the proposed merger will not be received; the risk that one or more conditions to the proposed merger may not be satisfied in the anticipated timeframe, or at all, or that the proposed merger might otherwise not occur; the risk of litigation and/or regulatory actions related to the proposed merger; other business effects, including the effects of industry, market, economic, political or regulatory conditions; our ability to expand our technology platform and achieve the advances necessary for telestenting and remote procedures, including in humans; our ability to expand our technology platform for use in other segments of the vascular intervention market, including neurointerventional and other more complex cardiac interventions; obtaining necessary regulatory approvals for the use on humans and marketing of our products in the United States and in other countries, including obtaining 510(k) clearance for any automated movements in the technIQ Series or for the use of the CorPath GRX for stroke and other neurovascular interventions; the rate of adoption of our CorPath System and the rate of use of our cassettes; risks associated with market acceptance, including pricing and reimbursement; our ability to enforce our intellectual property rights; our need for additional funds to support our operations; our ability to manage expenses and cash flow; factors relating to engineering, regulatory, manufacturing, sales and customer service challenges; potential safety and regulatory issues that could slow or suspend our sales; and the effect of credit, financial and economic conditions on capital spending by our potential customers. Forward-looking statements speak only as of the date they are made. Corindus undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date. More information is available on Corindus' website at www.corindus.com.

Media Contact:
Matter for Corindus
Jill Gross
978-518-4528
corindus@matternow.com
www.matternow.com

Investor Contact:
In-Site Communications, Inc.
Lisa Wilson
917-543-9932
ir@corindus.com

Source: Corindus Vascular Robotics, Inc

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