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05-15-96
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05-15-96
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LAC-H. SAINT PAUL PIONEER PRESS <br /> JP 2.32 <br /> UNCH_. <br /> JP 0.07 1 ST <br /> JP 0.13 <br /> JP 0:46 MAY 1996 SECTION <br /> P WEDNESDAY 6 PAGES <br /> p <br /> Ip from <br /> 1ph <br /> MEDICAL TECHNOLOGY <br /> T <br /> CPI55 rapt' gets <br /> FDA nod <br /> for littlest <br /> pacemaker <br /> JUDITH YATES BORGER STAFF WRITER <br /> t Less is more in the game of controlling `'P' surprise instead of a negative sur- <br /> ' hearts that beat too fast, and Arden prise." <br /> `j Hills-based CPI decidedly had more V CONTINUED FROM IC Surprise was the operative word <br /> Tuesday. from Medtronic's perspective. <br /> Guidant Corp., CPI's Indianapolis-based ic's device to. get hearts back on "The FDA said they want to be <br /> parent, pulled significantly ahead of its track. unpredictable, and they've certain- <br /> tospA competition with the news that it has "We thought 34 joules of im- ly proved it," said Reid. <br /> U.S. Food and Drug Administration pulse was necessary, but now the Meanwhile, competitor Plym- <br /> tlon k approval to sell the newest, smallest FDA has approved their 25 outh-based Angeion has stuck with <br /> implantable defibrillator in the world. joules," said Medtronic's Reid. A plans to continue work for several <br /> 's only "They've got the checkered flag on this joule is equivalent to 10 million months on a similar device, <br /> one," said Dick Reid, spokesman for Fri- ergs, a metric measure of energy. though it will be virtually the <br /> ventu), I dlev-based Medtronic, CPI's chief com- Wall Street registered its ap- same size and less effective than <br /> petitor. proval, raising Guidant's stock CPI's. While CPI's device stores <br /> The marketplace prizes the smallest from $2.871/'2 to $56 a share. Part electrical cardiogram information, <br /> T DAVID devices that control erratic hearts by of the nod came because analysts Angeion's does not. <br /> delivering an electrical jolt. While hadn't expected CPI to garner ap- However, a later generation <br /> STAFF\A Medtronic and CPI have seesawed over proval until September. that Angeion hopes to have ap- <br /> which can make the smallest device, CPI got earlier-than-expected proval to sell in the United States <br /> CPI's 59-cubic-centimeter device is clearance by filing an amended by 1999 will be markedly smaller <br /> markedly smaller than Medtronic's 83cc application for its Ventak Mini than CPI's, store the heart infor- <br /> device. HC, a slightly larger devicethat mation and last three or four <br /> The devices are implanted in the was also approved. The regulatory years longer than its competitors' <br /> shoulder, where there is usually little shortcut, which Guidant kept from models, according to Brenda Roth, <br /> room. A wire connects the box to the Wall Street, was a smart move, Angeion spokeswoman. <br /> heart to deliver a shock as needed. according to Piper Jaffray analyst Despite CPI's Tuesday win, <br /> About a half-inch smaller than a Arch C. Smith. Smith said it would be a mistake <br /> pager and weighing a quarter of a "If they had told people, they to rule Medtronic out of the race. <br /> pound, CPI's Ventak Mini II pulse gener- would have expected the approval "CPI has the advantage now, <br /> ator delivers less energy than Medtron- earlier rather than later," Smith but Medtronic is going to throw a <br /> said. "This left room for a positive lot of money at this," Smith said. <br /> CPI CONTINUED ON 2C lo. <br />
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