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Former Spectranetics execs face indictment

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Three former executives at Spectranetics were indicted for apparently illegally importing unapproved medical devices, according to the office of Colorado U.S. Attorney John Walsh. George John Schulte, former CEO of the Colorado Springs-based company; Obinna Adhigije, former vice president of business development; and Trung Pham, former business development manager; were named in the indictment. Hernan… Continue Reading Former Spectranetics execs face indictment

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Spectranetics 2Q earnings up 3 percent

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The Spectranetics Corp. today reported revenue for the second quarter of $30 million, up 3 percent compared with the second quarter of 2009. Pre-tax income for the second quarter of 2010 was $124,000, compared with a pre-tax loss of ($2.3) million in the second quarter of 2009. Net income for the second quarter of 2010… Continue Reading Spectranetics 2Q earnings up 3 percent

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Spectranetics issues product recall

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Springs-based medical device maker Spectranetics has launched a voluntary recall of specific lots of its thrombus extraction catheter, marking yet another chapter in the saga of the company’s troubles. The catheter has been manufactured by Spectranetics since October, and the company said it has received and confirmed customer complaints. The company said the problem lies… Continue Reading Spectranetics issues product recall

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Colorado Springs-based Spectranetics has created a tool that allows doctors to practice pacemaker surgeries. The new simulation tool will augment traditional training for doctors performing laser-assisted lead extraction. Cardiac leads are thin wires that connect pacemakers to the heart – and occasionally can malfunction or become infected and need to be removed. Scar tissue can… Continue Reading Spectranetics creates heart surgery simulator

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