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Spectranetics invests in future

Spectranetics invests in future

Colorado Springs-based Spectranetics has grown from $100 million in sales four years ago to almost $300 million in 2015. Yet, the company has no problems with the prospect of losing about 25 percent of that amount this year. The firm, with 800 employees globally, manufactures devices that clear occluded veins in the legs and eliminate… Continue Reading Spectranetics invests in future

Firm develops sleep aid

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Firm develops sleep aid

Michael Larson can put you to sleep. Just don his Sleep Shepherd hat, which he debuted at the Consumer Electronics Show in Las Vegas in January. The hat will lull its wearer to sleep, obviating the need for prescription medications, the frequent go-to solution for people diagnosed with sleep disorders. Larson, who received his Ph.D.… Continue Reading Firm develops sleep aid

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Spectranetics looks to the military

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Spectranetics looks to the military

Military officers possess self-discipline, a relentless demeanor and believe failure’s not an option. Because of that, a Colorado Springs firm has targeted and hired former officers for its sales force. Spectranetics, which sells single-use medical devices to physicians worldwide, recently hired four young veterans to work in sales. “We have identified these junior military officers… Continue Reading Spectranetics looks to the military

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Our area’s own fiscal cliff

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As the nasty rhetoric and sputtering negotiations finally began leading toward a deal this week in Congress, ending the government shutdown and averting a potentially larger financial trauma over the federal debt ceiling, you could sense a huge exhale of relief across much of Colorado Springs and the Pikes Peak region. Nobody was saying so,… Continue Reading Our area’s own fiscal cliff

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Homegrown manufacturing saves lives

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Homegrown manufacturing saves lives

A few years ago, a woman was facing the news she would need a double amputation below her knees because the arteries in her legs were diseased and blocked. A snowstorm delayed the surgery, and the woman went on the Internet to explore options for her condition. She found Spectranetics and a few phone calls… Continue Reading Homegrown manufacturing saves lives

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Local CEO: Excise tax hampers innovation

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Most of the focus of the Affordable Care and Patient Protection Act has focused solely on the insurance provisions in the law — whether it’s legal to require people to have health insurance. But another regulation, found deep in the bill, is causing problems for a company in Colorado Springs. “The medical device tax is… Continue Reading Local CEO: Excise tax hampers innovation

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Penrose builds reputation for high-tech surgery

The operating room at Penrose-St. Francis Health Services is filled with doctors and nurses who surround the patient, checking vital signs, prepping instruments and getting ready for the main event. When Dr. John Mehall enters, everything is in place. Nothing is rushed; no one hurries. There’s no wasted motion; this isn’t an emergency. Mehall performs… Continue Reading Penrose builds reputation for high-tech surgery

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Spectranetics buying Israeli medical device maker for $5.5 million

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Spectranetics Corp., a Colorado Springs-based medical device manufacturer, announced today that it plans to buy Israeli medical-device maker Upstream Peripheral Technologies for $5.5 million, plus additional milestone payments. Upstream Peripheral Technologies, an affiliate of  ARAN Research Development & Prototypes Ltd., has produced tools that streamline peripheral vascular procedures and minimize radiation exposure. The acquisition allows Spectranetics to expand its vascular intervention… Continue Reading Spectranetics buying Israeli medical device maker for $5.5 million

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Ex-Spectranetics CEO convicted on 1 count of lying

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The former CEO of a company accused of importing medical devices that the U.S. government hadn’t cleared for use has been convicted of a single count of lying to federal investigators. A federal jury in Denver convicted former Spectranetics Corp. CEO John Schulte on Thursday of the lying charge but acquitted him of 11 other… Continue Reading Ex-Spectranetics CEO convicted on 1 count of lying

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Spectranetics reports 7 percent revenue increase

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Spectranetics Corp. recorded revenue of $32.2 million during the second quarter, a 7 percent increase above last year for the same period. “The second quarter results reflect continued progress on our key growth initiatives,” said Jason Hein, senior vice president of sales, marketing and business development. “Laser placements remain strong.” The company’s lead management revene… Continue Reading Spectranetics reports 7 percent revenue increase

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