Imricor’s Deal Sees It Develop MRI Compatible Leads For Cyberonics Neuro Systems

In short

Cyberonics, Inc. has entered into an exclusive technology license agreement with Imricor Medical Systems, Inc. to develop Magnetic Resonance Imaging (“MRI”) compatible leads for use with its VNS (Vagus Nerve Stimulation) Therapy® System .

Background

Neuromodulation specialist Cyberonics, Inc. developed and markets the VNS Therapy System, which is FDA-approved for the treatment of refractory epilepsy and treatment-resistant depression. The VNS Therapy System uses an implanted medical device that delivers pulsed electrical signals to the vagus nerve. Cyberonics markets the VNS Therapy System in selected markets worldwide.

Minnesota based Imricor Medical Systems, is developing innovative MRI electrophysiology tools and has developed the world’s only ablation catheter-which it calls  Vision™-that is designed for use with MRI systems in electrophysiology procedures. While the technology is clearly focused on cardiac ablation, Cyberonics has spotted the potential for MRI compatible leads in its own neuromodulation setting.

The terms of the arrangement have not been disclosed.

Company comments

for Cyberonics

“This collaboration with Imricor Medical Systems builds on our expanded MRI labeling approved by the U.S. Food and Drug Administration in October 2011 and further demonstrates our commitment to innovative technology for patients receiving VNS Therapy,” said Dan Moore,Cyberonics’ President and Chief Executive Officer. “The management team at Imricor has extensive experience and expertise in this important area, and we look forward to bringing their novel MRI compatibility technology to VNS Therapy patients.”

for Imricor

“Imricor’s primary focus continues to be the development of products that enable MR-guided cardiac ablation procedures,” said Steve Wedan, Imricor’s President and Chief Executive Officer. “However, we recognize that many patients will benefit from the availability of MRI-compatible implanted devices, as well, and we are very excited to collaborate with Cyberonics to realize the goal of MRI compatibility for patients receiving VNS Therapy.”

Regulatory status

The Vision catheter is an investigational device and not approved for sale in the U.S. or other countries.

Source: Cyberonics Inc., PR Newswire