SOURCE: Hansen Medical, Inc.

Hansen Medical, Inc.

June 26, 2013 16:01 ET

Hansen Medical Announces Initiation of Sell-Side Coverage by Cowen and Company

MOUNTAIN VIEW, CA--(Marketwired - Jun 26, 2013) -  Hansen Medical, Inc. (NASDAQ: HNSN), a global leader in intravascular robotics, today announced that Cowen and Company has initiated sell-side coverage of Hansen Medical. The report was authored by Joshua Jennings, M.D., Director and Senior Research Analyst for medical devices. 

About Analyst Coverage of Hansen Medical
Hansen Medical is followed by several analysts, including Cowen and Company. Any opinions, estimates, forecasts or statements regarding Hansen Medical's performance made by Cowen and Company or other analysts are theirs alone and do not represent opinions, estimates, forecasts or statements of Hansen Medical or its management. This press release does not imply Hansen Medical's endorsement of or concurrence with the information, conclusions or recommendations of Cowen and Company or any other analyst.

About Hansen Medical, Inc.
Hansen Medical, Inc., based in Mountain View, California, is the global leader in intravascular robotics, developing products and technology designed to enable the accurate positioning, manipulation and control of catheters and catheter-based technologies. The Company's Magellan™ Robotic System, Magellan Robotic Catheter and related accessories, which are intended to facilitate navigation to anatomical targets in the peripheral vasculature and subsequently provide a conduit for manual placement of therapeutic devices, have undergone both CE marking and 510(k) clearance and are commercially available in the European Union, and the U.S. In the European Union, the Company's Sensei® X Robotic Catheter System and Artisan Control Catheter are cleared for use during electrophysiology (EP) procedures, such as guiding catheters in the treatment of atrial fibrillation (AF), and the Lynx® Robotic Ablation Catheter is cleared for the treatment of AF. This robotic catheter system is compatible with fluoroscopy, ultrasound, 3D surface map and patient electrocardiogram data. In the U.S. the Company's Sensei X Robotic Catheter System and Artisan Control Catheter were cleared by the U.S. Food and Drug Administration for manipulation and control of certain mapping catheters in EP procedures. In the United States, the Sensei System is not approved for use in guiding ablation procedures; this use remains experimental. The U.S. product labeling therefore provides that the safety and effectiveness of the Sensei X System and Artisan Control Catheter for use with cardiac ablation catheters in the treatment of cardiac arrhythmias, including AF, have not been established. Additional information can be found at www.hansenmedical.com.

About Cowen and Company
Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative investment management, investment banking, research, and sales and trading services through its two business segments: Ramius LLC and its affiliates makes up the Company's alternative investment management segment, while Cowen and Company, LLC is its broker-dealer segment. Its alternative investment management products, solutions and services include hedge funds, replication products, managed futures funds, fund of funds, real estate, health care royalty funds and cash management services. Cowen and Company offers industry focused investment banking for growth-oriented companies, domain knowledge-driven research and a sales and trading platform for institutional investors. Founded in 1918, the firm is headquartered in New York and has offices located in major financial centers around the world.

Contact Information

  • Investor Contacts:
    Peter J. Mariani
    Chief Financial Officer
    Hansen Medical, Inc.
    650.404.5800

    FTI Consulting, Inc.
    Brian Ritchie
    212.850.5683
    Email Contact

    John Capodanno
    212.850.5705
    Email Contact