Trimedyne Asks to Market New Laser Treatment Device
Trimedyne Inc. has applied to the federal Food & Drug Administration for approval of domestic marketing rights for a laser instrument the company hopes can one day be used to replace traditional heart-bypass operations. Although the Santa Ana-based company is only seeking FDA approval to market its Laserprobe-PLR for use in zapping fatty build-ups in the leg, a similar product--the Coronary Laserprobe--is being used in clinical tests to combat atherosclerosis of the heart.
Michael R. Henson, Trimedyne’s chief executive officer, said the company has invested more than $6 million in research on the cardiovascular laser technology--one of the main reasons that Trimedyne has yet to post an annual profit. But, Henson said, the 4-year-old company has already received approval this year in Canada and eight European countries to sell the Laserprobe-PLR. Marketing began in July, Henson said.
He added that he anticipates FDA approval for marketing of the Laserprobe-PLR in the Untied States before the end of 1987.
Anaheim-based Century Data Systems said it has completed the previously announced acquisition of Amcodyne Inc.
Amcodyne will operate as a division of CDS and maintain its engineering and manufacturing facilities in Longmont, Colo.
Century Data Systems has been a leading supplier of high-capacity, high-performance disk drives to the OEM market since 1968. The product line includes 5-inch, 8-inch and 14-inch high-performance fixed and removable drives.
WTC International Inc. said it will move the executive offices of its air freight unit from Torrance to Newport Beach, effective Nov. 1.
The company said the move will cut costs.
WTC, which is based in Curacao, Netherlands Antilles, has 101 company-owned air freight offices around the nation. Approximately 30 senior managers will be affected by the move.
National Capital Real Estate Trust said it has leased 28,000 square feet of space at the Irvine Commercial Center to Phoenix-based Circle K Corp., an operator of convenience stores.
Terms of the 15-year lease, which covers 44% of the total space at the center, total $6.2 million, National Capital said. Circle K plans to use the space for general offices. The remainder of the complex is occupied by Rolm, a unit of International Business Machines Corp.
National Capital is a San Francisco-based equity real estate investment trust.
