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Penumbra Ramps Up Efforts To Launch Indigo Aspiration System In Japan

  • Penumbra Inc (NYSE: PEN) and Japan-based medical device manufacturer Asahi Intecc Co will collaborate to introduce Penumbra's Indigo Aspiration System into the Japanese market upon regulatory approval.

  • The Indigo Aspiration System can be used to remove emboli and thrombi from peripheral arterial and venous systems vessels and treat pulmonary embolism.

  • Indigo is a minimally-invasive device that enables blood flow restoration in cases such as acute limb ischemia and venous thrombus.

  • Related: Citing' Lightning Fast Growth,' Needham Upgrades This Vascular Device Company.

  • The newer generation device combines hypotube-based Indigo Aspiration Catheters with Lightning Intelligent Aspiration, a computer-aided clot detection technology that can differentiate between clot and blood, designed to reduce blood loss and the need for clot-dissolving drugs.

  • Penumbra's neurovascular thrombectomy and neurovascular and peripheral embolization devices will continue to be distributed by its long-time partner, Medico's Hirata.

  • Price Action: PEN shares are down 2.79% at $180.83 on the last check Thursday.

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