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UPDATE 1-AngioDynamics voluntarily recalls Centros catheter

Thu Jul 10, 2008 5:54pm EDT

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July 10 (Reuters) - AngioDynamics Inc (ANGO.O) said it was voluntarily recalling Centros, its self-centering central venous catheter for dialysis, but expects the total costs associated with the recall to be minimal.

The company said the catheter cuff, a component intended to anchor the catheter in subquetaneous tissue, was inadequately attached to the catheter in a few instances, and believes the cuff problem is related to an outside manufacturer's production process.

The medical device maker expects to resume shipping the product during the third quarter, which begins Dec. 1, pending a review by the U.S. Food and Drug Administration.

AngioDynamics has shipped about 1,500 Centros catheters as part of a limited launch since January.

The number of instances reported to date amount to fewer than 1 percent of the products shipped, AngioDynamics said, adding that no adverse patient outcomes have been reported as a result of this issue.

Shares of the company closed at $13.58 Thursday on Nasdaq. (Reporting by Jennifer Robin Raj in Bangalore; Editing by Deepak Kannan)



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