Avinger Receives FDA Clearance for Patheris Lumivascular Artherectomy System

Avinger, Inc. reported on May 23 that the company has received 510(k) clearance from the FDA for its next-generation Pantheris Lumivascular atherectomy system. Lumivascular is the only technology that combines both real-time intravascular imaging with catheters to treat peripheral artery disease (PAD). This is the first image-guided atherectomy device for the treatment of PAD.

Rocket Tickers alerted subscribers about the news at 8:30 am. The next trade took place at 8:31 am for $1.52. Regular market trading opened for the day at $1.98. After a brief fade at the market open, the stock price continued increasing throughout the day. Avinger closed at $2.23 for a gain of over 46% on the event day.

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