On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 790 AM Fargo-Moorhead

Weather

Current Conditions(Fargo,ND 58103)

More Weather »
72° Feels Like: 72°
Wind: SE 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Rain/Thunder 75°

Tonight

Heavy Thunderstorms/Wind 69°

Tomorrow

Isolated Thunderstorms 79°

Alerts

Cardiovascular Systems gets nod for new heart device

(Reuters) - Cardiovascular Systems Inc received U.S. Food and Drug Administration approval to start selling its heart device to treat severe calcium deposits in coronary arteries, sending its shares up as much as 23 percent.

The device, Diamondback 360 Coronary Orbital Atherectomy System, will be launched immediately after the FDA's marketing approval, the company said on Tuesday.

Plaque build up, including calcium deposits, in arteries reduces blood supply to the heart, leading to coronary artery disease.

The company estimated the U.S. market opportunity for the device to exceed $1.5 billion annually.

Wunderlich Securities analyst James Terwilliger raised his price target on the company's stock to $30 from $24.

Cardiovascular shares touched a near six-year high of $27.90 in early trading on the Nasdaq, but eased back to $26.86.

(Reporting by Natalie Grover in Bangalore; Editing by Sriraj Kalluvila, Maju Samuel)

Comments