CARLSBAD, Calif.--(BUSINESS WIRE)--Ra Medical Systems, Inc. (NYSE: RMED) today announced its investment to support high quality patient care in Office Interventional Suites through its Platinum Partnership, the highest level of commitment, with the Outpatient Endovascular and Interventional Society (OEIS). Ra Medical Systems was recognized for its shared vision and financial contribution at the OEIS 6th annual national meeting in St. Petersburg, FL.
“We believe patient care through Office Interventional Suites (OIS) is the future of endovascular medicine, and we share OEIS’ mission of innovation, evidence-based outcomes, and patient safety,” said Dean Irwin, CEO, Ra Medical Systems. “We are dedicated to providing physicians a better way to treat patients and grow their practice. I am thrilled to announce our further investment through this Platinum Partnership.”
One of only three Platinum Partners, Ra Medical Systems has demonstrated an ongoing commitment to OEIS, and its investment will promote learning opportunities and collaboration to advance the practice of medicine in an OIS. The partnership will provide Ra Medical Systems with increased access and visibility to the OEIS leadership and member vascular surgeons, interventional radiologists, cardiologists, and other specialists involved in office-based endovascular procedures.
At the OEIS annual meeting on April 5-6, 2019, Athar Ansari, MD, Director of California Heart & Vascular Clinic in El Centro, CA, spoke on the important role OIS serve in providing quality patient care in rural areas. He stated, “DABRA is a critical tool for me to meet the need for safe, high-quality treatments. It avoids the complications of other devices, and I have experienced DABRA to be effective where other devices have failed.” During his podium session at OEIS, Dr. Ansari presented data that demonstrated a 94% success rate, and no distal embolization, in a study of 200 patients treated with DABRA.
DABRA (Destruction of Arteriosclerotic Blockages by laser Radiation Ablation) is a novel, minimally invasive excimer laser system that non-thermally, photochemically ablates channels in vascular blockages. Unlike many mechanical, acoustic, or thermal treatments for peripheral artery disease that may damage the arterial wall, DABRA treats blockages with minimal vascular trauma.
Dr Ansari concluded, “By incorporating DABRA into my office interventional suite, I can spare patients hospital stays and reduce costs to the healthcare system.”
About Ra Medical Systems
Ra Medical Systems is a commercial medical device company developing and marketing innovative excimer laser systems for the treatment of vascular and dermatologic diseases. DABRA launched in 2017 for the endovascular treatment of blockages resulting from lower extremity vascular disease. Pharos launched in 2004 for the treatment of dermatological disorders including psoriasis, vitiligo, and atopic dermatitis. DABRA and Pharos are based on Ra Medical’s core excimer laser technology platform that produces 308 nanometer light, a UVB wavelength that studies have demonstrated increases T-cell apoptosis, or cell death, which may produce a beneficial, targeted immunosuppressive effect. Ra Medical manufactures DABRA and Pharos excimer lasers and catheters in a 32,000-square-foot facility located in Carlsbad, California. The vertically integrated facility is ISO 13485 certified and is licensed by the state of California to manufacture sterile, single-use catheters in controlled environments.
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Ra Medical's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Ra Medical's future expectations, strategy, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding the potential benefits to patients and physicians using the DABRA catheter and laser system. Ra Medical's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected or implied by such forward-looking statements. The potential risks and uncertainties which contribute to the uncertain nature of these statements include, among others, risks associated with acceptance of DABRA and Pharos and procedures performed using such devices by physicians, payors, and other third parties; development and acceptance of new products or product enhancements; clinical and statistical verification of the benefits achieved via the use of Ra Medical’s products; the Company’s ability to effectually manage inventory; Ra Medical’s ability to recruit and retain management and key personnel; Ra Medical’s need to comply with complex and evolving laws and regulations; intense and increasing competition and consolidation in Ra Medical’s industry; the impact of rapid technological change; costs and adverse results in any ongoing or future legal proceedings; adverse outcome of regulatory inspections; and the other risks and uncertainties described in Ra Medical’s news releases and filings with the Securities and Exchange Commission. Information on these and additional risks, uncertainties, and other information affecting Ra Medical's business and operating results is contained in Ra Medical’s quarterly report on Form 10-Q for the quarter ended March 31, 2019 and in its other filings with the Securities and Exchange Commission. The forward-looking statements in this press release are based on information available to Ra Medical as of the date hereof, and Ra Medical disclaims any obligation to update any forward-looking statements, except as required by law.
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