ST. PAUL, Minn.--(BUSINESS WIRE)--Oct. 7, 2005--St. Jude Medical
Inc. (NYSE:STJ) announced today that it has discovered that background
levels of atmospheric ionizing cosmic radiation, more commonly known
as cosmic rays, can affect a limited number of its older generation
implantable cardioverter defibrillator (ICD) products.
Although the incidence rate is low, and there have been no serious
patient injuries or deaths reported to St. Jude Medical attributable
to this anomaly, the Company is taking a conservative approach in
advising the medical community and regulatory agencies.
Specifically, St. Jude Medical has identified through extensive
investigation, including testing at an independent nuclear laboratory,
that a particular vendor-supplied static random access memory (SRAM)
chip can be affected, at a low frequency rate, by background levels of
atmospheric ionizing cosmic radiation. A full copy of the physician
communication, which includes a description of the anomaly and its
related clinical risks, as well as St. Jude Medical's recommendations
to physicians for patient monitoring, can be found at
http://www.sjm.com/companyinformation/physicianletter.html.
This particular memory chip component was used in the following
older generation St. Jude Medical ICDs:
-- Photon DR (Model V-230HV) (certain serial numbers)
-- Photon Micro VR/DR (Models V-194/V-232)
-- Atlas VR/DR (Models V-199/V-240)
To date, an incidence of only 0.00167 of the devices at issue (60
out of 36,000) have been found to have been affected by background
levels of cosmic radiation. An estimated 26,000 of the device models
remain in service. The estimated incidence of an anomaly of this type
in the affected device models is 0.00257 over the five year projected
life of the device.
"St. Jude Medical has taken a conservative, proactive approach in
notifying the medical community of this anomaly," said Dr. Mark
Carlson, Professor of Medicine at Case Western Reserve University in
Cleveland, Ohio, and a member of an independent panel of physicians
that reviewed the issue for St. Jude Medical. Dr. Carlson also
recently served as Chairman of a joint Policy Conference on Pacemaker
and ICD Performance.
Among the information provided in the physician advisory is St.
Jude Medical's recommendation that, if it is not already their
practice, physicians should perform routine device monitoring every
three months for patients with these devices. St. Jude Medical is also
offering its remote monitoring product Housecall Plus(TM), where
available, at no charge for models compatible with the remote
monitoring system.
"Because the incidence associated with this anomaly is low, St.
Jude Medical's recommendation for monitoring at three-month intervals
will be appropriate for the vast majority of patients," said Dr. Bruce
Wilkoff, director of cardiac pacing and tachyarrhythmia devices at The
Cleveland Clinic and Heart Center and a member of the St. Jude Medical
independent Medical Advisory Board.
As part of a new ICD product platform introduced in 2002, and
prior to St. Jude Medical having any knowledge of this particular
anomaly, St. Jude Medical began using a different vendor and a
different design of the SRAM memory chip component. Laboratory testing
and clinical experience indicate that this newer generation memory
chip component does not share the same susceptibility to background
cosmic radiation as the earlier generation. Consequently, other St.
Jude Medical ICDs and all models of CRT-D devices, including the Atlas
DR model V-242 and all Epic, Epic HF, Epic +, Epic + HF, Atlas + and
Atlas + HF product families, are NOT affected by this issue.
Overall reliability information about the affected ICDs and other
St. Jude Medical products can be found in the company's Product
Performance Report on the St. Jude Medical web site at www.sjm.com.
St. Jude Medical has notified the U.S. Food and Drug
Administration (FDA) of this physician advisory. The FDA may determine
this communication action to be a recall.
The Company does not expect this physician communication to have
any material financial impact.
St. Jude Medical is dedicated to the design, manufacture and
distribution of innovative medical devices of the highest quality,
offering physicians, patients and payers outstanding clinical
performance and demonstrated economic value.
Any statements made regarding the Company's anticipated future
product launches, regulatory approvals, revenues, earnings, market
shares, and potential clinical success are forward-looking statements
which are subject to risks and uncertainties, such as those described
in the Financial Section of the Company's Annual Report to
Shareholders for the fiscal year ended December 31, 2004 (see page
16). Actual results may differ materially from anticipated results.
CONTACT: St. Jude Medical, Inc.
Laura Merriam, 651-766-3029 (Investor Relations)
or
Angela Craig, 651-481-7789 (Media Relations)
SOURCE: St. Jude Medical Inc.
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