Reuters: Technology News: Cardiovascular's device gets nod to treat heart calcium deposits

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Cardiovascular's device gets nod to treat heart calcium deposits Oct 22nd 2013, 15:24 Tue Oct 22, 2013 11:24am EDT (Reuters) - Cardiovascular Systems Inc said it received the U.S. health regulator's approval to market its heart device to treat severe accumulation of calcium in coronary arteries, sending its shares up as much as 23 percent. The device, Diamondback 360 Coronary Orbital Atherectomy System, will be launched immediately, the company said in a statement 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. CSI shares touched a near six-year high of $27.90 in early trade, but gave up some of their gains to be up at $26.31 on the Nasdaq.

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