Covidien Announces European Launch of Pipeline™ Flex Embolization Device

Minimally-invasive flow diversion device for unruptured brain aneurysms designed for more accurate, controlled placement1

DUBLIN, Ireland--()--Further strengthening its broad line of neurovascular products to treat unruptured brain aneurysms, Covidien plc (NYSE:COV) announced the European launch of its Pipeline™ Flex embolization device at the annual Live Interventional Neuroradiology & Neurosurgery Course (LINNC), held in Paris June 23-25. This next-generation flow diversion device received CE Mark earlier this year.

Designed to divert blood flow away from an aneurysm, the Pipeline Flex device features a braided cylindrical mesh tube that is implanted across the base or neck of the aneurysm. The device cuts off blood flow to the aneurysm, reconstructing the diseased section of the parent vessel. The device is repositionable and designed for even more accuracy and controlled placement1. Among other features, it includes an instant braid release system that makes it even easier to place1.

“The Pipeline Flex embolization device is the next advancement in flow diversion, combining our clinically-proven braid design2 with a new delivery system designed to offer even more accuracy and control when performing these advanced procedures inside the brain,” said Brett Wall, president, Neurovascular, Covidien. “Covidien is dedicated to seeking customer feedback and advancing product design to meet their needs.”

In Europe, the Pipeline Flex device is intended for the endovascular embolization of cerebral aneurysms. According to the Brain Aneurysm Foundation, there are nearly 500,000 deaths worldwide each year caused by brain aneurysms and half the victims are younger than 50 years of age.3

The first-generation Pipeline™ embolization device has been used to treat patients in Europe since 2009. It has been the only flow diversion device commercially available in the U.S. since it was approved by the U.S. Food and Drug Administration in April 2011. The Pipeline Flex device is not currently approved for use in the U.S.

For more information about the Pipeline device platform, please visit:
www.covidien.com/pipelineinfo

About Covidien

Covidien is a global healthcare products company that creates innovative medical solutions for better patient outcomes and delivers value through clinical leadership and excellence. Covidien develops, manufactures and sells a diverse range of industry-leading medical device and supply products. With 2013 revenue of $10.2 billion, Covidien has more than 38,000 employees worldwide in more than 70 countries, and its products are sold in over 150 countries. Please visit www.covidien.com to learn more about Covidien’s business.

1 Covidien Internal Report: Report on File

2 Becske T, Kallmes DF, Saatci I, et al. Pipeline for Uncoilable or Failed Aneurysms: Results from a Multicenter Clinical Trial. Radiology. Published online before print February 15, 2013, doi: 10.1148/radiol.13120099

3 The Brain Aneurysm Foundation: http://www.bafound.org/Statistics_and_Facts

Contacts

Vascular Therapies
David T. Young, 508-452-1644
Manager, External Communications
david.young@covidien.com
or
Coleman Lannum, CFA, 508-452-4343
Vice President
Investor Relations
cole.lannum@covidien.com
or
Peter Lucht, 508-452-4168
Vice President, External Communications
Corporate Communications
peter.lucht@covidien.com
or
Todd Carpenter, 508-452-4363
Senior Director
Investor Relations
todd.carpenter@covidien.com

Covidien’s Pipeline™ Flex embolization device is the next advancement in flow diversion in Europe. (Photo: Business Wire)

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Release Summary

Covidien announced the European launch of its Pipeline™ Flex embolization device at the annual Live Interventional Neuroradiology & Neurosurgery Course (LINNC), held in Paris June 23-25.

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Contacts

Vascular Therapies
David T. Young, 508-452-1644
Manager, External Communications
david.young@covidien.com
or
Coleman Lannum, CFA, 508-452-4343
Vice President
Investor Relations
cole.lannum@covidien.com
or
Peter Lucht, 508-452-4168
Vice President, External Communications
Corporate Communications
peter.lucht@covidien.com
or
Todd Carpenter, 508-452-4363
Senior Director
Investor Relations
todd.carpenter@covidien.com