CTN Clearstream

TIDMCTN

RNS Number : 4144J

ClearStream Technologies Group PLC

30 June 2011

For Immediate Release 30 June 2011

ClearStream Technologies Group plc

CE Mark Approval for revisions to Intrepide drug eluting stent (DES)

ClearStream Technologies Group plc ("ClearStream" or "the Company") is pleased to announce that it has received CE Mark approval for changes made to transfer the coating process of the Intrepide to its facility in Enniscorthy and to improve retention of the Intrepide on its delivery catheter.

The Company also plans to hold a steering committee meeting shortly to review 12 month ICLARITY registry data, which is expected to confirm the safety and efficacy of the device.

Andy Jones, CEO of ClearStream, commented:

"We are delighted to have reached this juncture and this approval will enable us to deliver initial restocking orders before our year end with further orders slated for the next financial year.

"Clinical data for Intrepide continues to show promise and we believe it can be targeted towards patients intolerant or non-compliant with the required dual anti-platelet therapy post-DES implantation who comprise an important niche within this market".

-ends-

For further information:

 
 ClearStream Technologies Group   Tel: + 353 (0) 53 923 
  plc                              7111 
 Andrew Jones, CEO 
 Winningtons Financial            Tel: + 44 (0) 117 985 
                                   8989 
 Paul Vann 
 FinnCap                          Tel: + 44 (0) 207 600 
                                   1658 
 Marc Young 
 

Charlotte Stranner

About ClearStream Technologies Group plc:

ClearStream Technologies Group plc, based in Enniscorthy, Co. Wexford, Ireland, is an innovative maker of medical devices used in interventional procedures, including catheters and stents. Its products are sold under ClearStream's own brands and are also supplied to Original Equipment Manufacturers.

The Company is listed on the AIM market of the London Stock Exchange.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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