Volcano Targets New Markets In Therapy Guidance Products
This article was originally published in The Gray Sheet
Volcano says it wants to bolster its role as a therapy guidance company, rather than simply an intravascular diagnostics firm.
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Volcano’s sales of intravascular ultrasound and functional measurement disposables drove a 14% advance in the company’s fourth-quarter revenue to $81.2 million, the firm reported Feb. 23.
The addition of the question “Was this device serviced by a third party servicer?” to adverse event reports filed through the US FDA’s electronic Medical Device Reporting system could prove helpful for the agency and device makers, experts tell Medtech Insight. Industry has long complained about poor work performed by servicers – and loudly groused that they’re not regulated.