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Catheter Precision - VTAK STOCK NEWS

Welcome to our dedicated page for Catheter Precision news (Ticker: VTAK), a resource for investors and traders seeking the latest updates and insights on Catheter Precision stock.

Company Overview

Catheter Precision (VTAK) is a U.S.-based innovator in the medical device industry, specializing in electrophysiology and vascular closure solutions. Focused on developing cutting-edge technology, the company harnesses advanced non-invasive imaging and suture retention systems to improve patient outcomes in cardiac arrhythmia procedures and post-catheterization care. Its portfolio is built on rigorous clinical research, regulatory milestones, and established collaborations with medical professionals, making it a unique player in its market segment.

Advanced Product Portfolio

At the core of Catheter Precision's business are two principal product lines:

  • VIVO System: A non-invasive, 3D imaging platform designed for detailed cardiac mapping. VIVO enables electrophysiologists to pinpoint the origin of ventricular arrhythmias pre-procedure by integrating data from traditional ECGs and advanced imaging techniques like CT scans. With important regulatory clearances including the FDA clearance and the CE mark, the system is engineered to streamline procedural workflows and enhance diagnostic accuracy.
  • LockeT Device: A suture retention technology for vascular closure, LockeT assists in achieving rapid hemostasis following percutaneous venous punctures. Its design focuses on optimizing wound closure, reducing complications, and facilitating early patient ambulation. This device has been developed with the intent of offering a low-cost, efficient alternative to traditional closure methods.

Technical and Clinical Excellence

Catheter Precision places significant emphasis on technical innovation and clinical validation. The VIVO system employs proprietary algorithms for 3D electrical modeling of the heart and has demonstrated high accuracy in localizing arrhythmia origins. Numerous clinical studies across international centers have attested to its diagnostic value, particularly in complex cases involving scar-related ventricular tachycardia. Equally, the LockeT device has been validated through clinical trials that underscore its effectiveness in achieving swift hemostasis, thereby potentially reducing procedural time and resource burdens in healthcare settings.

Market Position and Competitive Landscape

Operating within the rapidly evolving field of cardiac electrophysiology, Catheter Precision leverages its robust product innovation to address unmet clinical needs. The company’s strategic approach, which includes international distribution agreements and ongoing clinical collaborations, underlines its commitment to both patient care and procedural efficiency. By focusing on precise, non-invasive diagnostic tools and reliable vascular closure solutions, it differentiates itself from competitors that offer more generic or invasive alternatives. The company’s dedication to continuous product enhancement and evidence-based validation positions it as a noteworthy entity in a specialized market segment.

Strategic Initiatives and Growth Considerations

Beyond its immediate product offerings, Catheter Precision has pursued several strategic initiatives aimed at broadening its market reach and enhancing its technology portfolio. Recent distribution agreements in key territories and the strategic acquisition of complementary technologies (such as the PeriKard platform) underscore its drive to integrate innovative solutions with established clinical practices. The company’s efforts to strengthen its sales and clinical teams and to consistently engage with leading medical institutions further reinforce its commitment to innovation and operational excellence.

Operational Excellence and Regulatory Milestones

Emphasizing adherence to rigorous regulatory standards, Catheter Precision has secured essential clearances and conducts extensive clinical studies to verify the safety and efficacy of its products. The integration of regulatory feedback into its development timelines ensures that each product meets the highest standards of quality and performance. This careful balance of innovation, clinical evidence, and regulatory compliance builds a solid foundation of trust and expertise.

Conclusion

In summary, Catheter Precision stands out as an innovative, research-driven company offering specialized solutions in the fields of cardiac electrophysiology and vascular closure. With its advanced VIVO non-invasive mapping system and the efficient LockeT device, the company addresses critical clinical needs while demonstrating technical precision and robust regulatory compliance. Its continued focus on product development, clinical validation, and strategic partnerships strengthens its position within a competitive and dynamic marketplace and underscores its contribution to improving patient care across the electrophysiology domain.

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Catheter Precision, Inc. (VTAK) is set to participate in the Sequire Investor Summit 2024, offering opportunities for funds, companies, and investors. The event will take place in Puerto Rico, known for its tax benefits, from January 23-25, 2024. CEO David Jenkins expressed excitement about the company's participation.
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Catheter Precision, Inc. (VTAK) has finalized a distribution agreement with Supri Artigos Medico Artigos Hospitalares Ltda for LockeT in Brazil. This marks the company's entry into the South American market, aiming to provide innovative electrophysiology products to physicians and patients, emphasizing improved patient care and cost-effectiveness.
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Catheter Precision, Inc. (NYSE American:VTAK) announced that their VIVO System was featured in a case study in EP Lab Digest, a publication dedicated to electrophysiology. The case study, presented by physicians at NYU, combines two different mapping platforms for ventricular arrhythmias, demonstrating the benefits of pre-procedural planning.
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Catheter Precision, Inc. (NYSE American: VTAK) announces CEO's authorization to purchase up to 500,000 shares of the company's common stock. The CEO expresses confidence in the company's future, citing innovations in electrophysiology procedures and global growth. The company emphasizes its commitment to improving the treatment of cardiac arrhythmias.
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Catheter Precision, an innovative US-based medical device company (NYSE American: VTAK), announces CEO and Chairman David Jenkins' authorization to purchase up to 500,000 shares of common stock. Jenkins expresses belief in the company's future and the potential of its groundbreaking technology for electrophysiology procedures. The company's FDA-registered LockeT product and VIVO 3D mapping system show promise, with global growth prospects. Jenkins' intent to engage in open market purchase transactions will depend on various factors, including the current trading price of the stock and his capital needs. Before these proposed purchases, Jenkins and his affiliate entities invested over $30 million in the company's predecessor, acquired by Catheter Precision in January 2023. The company continues to seek innovations and markets to improve the overall health of many with cardiac arrhythmias.
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Catheter Precision, an innovative US-based medical device Company (VTAK:NYSE/American), announced unaudited preliminary annual and fourth quarter results of 2023. Total revenues for the year were $442,000, with a net loss of ($72.4) million, including a one-time $61 million write off for impairment of goodwill. The company also highlighted successful product launches, enrollment in clinical studies, expansion of intellectual property, and positive market reception.
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Catheter Precision, Inc. (NYSE American: VTAK) announces changes to executive management and board of directors, including the appointment of Margrit Thomassen as interim Chief Financial Officer and David Jenkins as Chief Executive Officer.
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Catheter Precision, Inc. (VTAK) strengthens its IP position with new patents for its LockeT product line in Great Britain and the European Market. The company now holds a total of 50 patents, demonstrating its commitment to developing and maintaining the uniqueness of the closure product design. LockeT is currently available in the United States and under review for CE mark.
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Catheter Precision, Inc. (NYSE American: VTAK) announced third-quarter highlights, including expansion in Europe, progress in clinical trials, cost-saving measures, and financial updates. Total assets were $32.9 million, cash on hand was $5.6 million, and revenues for the nine months ended September 30, 2023, were $314 thousand.
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Catheter Precision, Inc. (VTAK) announces corporate highlights of the second quarter of 2023, including the assembly and training of a US sales team, onboarding of additional US clinical personnel, completion of enrollment of 125 patient VIVO patient Registry, establishment of key VIVO accounts in the US and Europe, and initiation of the first LockeT study.
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FAQ

What is the current stock price of Catheter Precision (VTAK)?

The current stock price of Catheter Precision (VTAK) is $0.323 as of April 15, 2025.

What is the market cap of Catheter Precision (VTAK)?

The market cap of Catheter Precision (VTAK) is approximately 2.7M.

What is Catheter Precision's primary focus?

Catheter Precision focuses on the development and commercialization of innovative medical technologies, primarily in the field of electrophysiology and vascular closure. Their products are designed to improve diagnostic accuracy and procedural efficiency in cardiac care.

What are the flagship products offered by the company?

The company’s key products include the VIVO System, a non-invasive 3D cardiac mapping tool, and the LockeT device, a suture retention device used for vascular closure following percutaneous procedures.

How does the VIVO System enhance electrophysiology procedures?

VIVO provides superior pre-procedural planning by offering precise 3D cardiac mapping that integrates data from ECGs and imaging modalities. This helps physicians accurately locate the origin of arrhythmias, improving the overall workflow and patient outcomes.

What makes the LockeT device significant in vascular closure?

LockeT is designed to assist in rapid and reliable vascular closure by optimizing suture retention. Its design supports quick hemostasis, potentially reducing procedural time and facilitating early patient ambulation.

How does Catheter Precision ensure the quality of its products?

The company adheres to stringent regulatory standards and conducts thorough clinical studies to validate the safety and efficacy of its devices. Both FDA and CE mark clearances support the quality and clinical utility of their products.

What role do strategic partnerships play for Catheter Precision?

Strategic partnerships, including international distribution agreements and acquisitions like PeriKard, enable the company to broaden its product range and enhance its market presence. These alliances facilitate access to new markets and bolster clinical validation efforts.

How does Catheter Precision differentiate itself from competitors?

The company distinguishes itself through its focus on non-invasive techniques, advanced 3D imaging technology, and rigorous clinical validation. By addressing specific clinical needs in electrophysiology and vascular closure, it offers specialized solutions that differentiate it from more generic alternatives.

What drives the ongoing innovation at Catheter Precision?

Continuous research, clinical collaborations, and a commitment to integrating regulatory feedback are key drivers of innovation. The company consistently invests in expanding its product portfolio and validating its technology to meet evolving clinical demands.
Catheter Precision

NYSE:VTAK

VTAK Rankings

VTAK Stock Data

2.67M
8.66M
7.63%
6%
1.45%
Medical Devices
Surgical & Medical Instruments & Apparatus
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United States
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