Clinipace deploys technology-amplified service model to manage pivotal study that will serve as the basis for 510(k) notice submission

MORRISVILLE, N.C. (Business Wire) July 19, 2011 — Clinipace Worldwide, a global digital clinical research organization (dCRO), announced today that Spectranetics Corporation (Nasdaq: SPNC), a developer, manufacturer, marketer and distributor of single-use medical devices used in minimally invasive procedures within the cardiovascular system, has selected Clinipace to manage all aspects of a pivotal cardiovascular device clinical study that will serve as the basis for 510(k) notice submission.

Currently there are no medical devices cleared by the FDA to treat patients with in-stent restenosis (ISR) in the peripheral arteries of the leg. Spectranetics’ EXCImer Laser Randomized Controlled Study for Treatment of FemoropopliTEal In-Stent Restenosis (EXCITE ISR) would be the first FDA cleared solution in the marketplace that addresses the growing concern of this particular segment of peripheral arterial disease.

The study has enrolled its first patient and is expected to grow enrollment up to 353 patients at up to 30 sites in the U.S. The trial will evaluate the safety and efficacy of laser atherectomy with balloon angioplasty compared to balloon angioplasty alone in the treatment of above the knee peripheral artery in-stent restenosis. The primary efficacy endpoint of the trial will be evaluated through six months following the procedure. These results will be included in a 510(k) filing with the FDA.

“With a study as pivotal as this one, we are pleased to drive the credibility and integrity of study results through our dCRO solutions,” said Jeff Williams, CEO, Clinipace Worldwide. “We look forward to a long-lasting and successful partnership with Spectranetics as they continue to deliver solutions to unmet needs for patients suffering from peripheral arterial disease.”

About Spectranetics


Spectranetics Corporation develops, manufactures, markets and distributes single-use medical devices used in minimally invasive procedures within the cardiovascular system. The Company’s products are sold in 40 countries throughout the world and are used to treat arterial blockages in the heart and legs as well as the removal of pacemaker and defibrillator leads. For more information, visit www.spectranetics.com.

About Clinipace Worldwide


Clinipace Worldwide, a global digital clinical research organization (dCRO), specializes in fully-integrated clinical research services for biopharmaceutical and medical device firms. Optimized by TEMPO™, its proprietary eClinical platform, the Clinipace team of experts brings extensive knowledge and insight into site selection, patient recruitment, clinical operations, data management, medical monitoring, biostatistics, and regulatory affairs to ensure a successful clinical development program through proactive clinical trial management. With specific expertise in oncology, among other therapeutic areas, Clinipace Worldwide has managed over 500 global contract research and regulatory projects. Clinipace Worldwide is headquartered in Research Triangle Park, North Carolina with offices in Overland Park, Kansas, Boulder, Colorado, Zurich, Switzerland, Munich, Germany, Tel-Aviv, Israel, New Delhi, India, Sao Paulo, Brazil, Buenos Aires, Argentina, and Lima, Peru. For more information visit our website at www.clinipace.com.