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Perfuze Announces Completion of Enrollment in Pivotal US Clinical Study and Appointment of Joe Rotger as Executive Vice President of Sales

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Perfuze Announces Completion of Enrollment in Pivotal US Clinical Study and Appointment of Joe Rotger as Executive Vice President of Sales
News

News

Perfuze Announces Completion of Enrollment in Pivotal US Clinical Study and Appointment of Joe Rotger as Executive Vice President of Sales

2025-04-22 15:02 Last Updated At:15:10

GALWAY, Ireland--(BUSINESS WIRE)--Apr 22, 2025--

Perfuze, a leader in next-generation catheter-based technology for the treatment of acute ischemic stroke, today announced two significant milestones in its mission to improve stroke care: 1) the completion of patient enrollment in its U.S. pivotal IDE clinical trial, MARRS ( Millipede Aspiration for Revascularization in Stroke Study ), and 2) the appointment of seasoned medtech executive Joe Rotger as Executive Vice President of Sales.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250422972250/en/

The MARRS pivotal study, conducted under an Investigational Device Exemption (IDE) from the U.S. Food and Drug Administration (FDA), has successfully enrolled over 180 patients across multiple centers in the United States and Europe ahead of schedule. The study evaluates the safety and effectiveness of the Millipede 088, Perfuze’s flagship Superbore aspiration catheter. Designed for rapid and complete clot removal in patients suffering from large vessel occlusion (LVO) strokes, Millipede 088 aims to improve stroke treatment outcomes and reduce procedural complexity.

“I would like to extend my sincere congratulations to all the hospitals and clinical investigators involved in the MARRS study for their exceptional commitment and collaboration throughout the trial,” said Dr. Raul Nogueira, Endowed Professor of Neurology and Neurosurgery at University of Pittsburgh School of Medicine and Principal Investigator of the MARRS Study. “Your dedication has been instrumental in executing a rigorous and high-quality study. Most importantly, I want to express my deepest gratitude to the stroke patients and their families who participated. Their courage and generosity in the face of acute illness made this crucial research possible. The data generated from MARRS will provide important insights that have the potential to meaningfully impact the future of stroke treatment.”

“This marks a major milestone for Perfuze,” added Wayne Allen, CEO and Co-Founder of Perfuze. “Completion of enrollment in MARRS brings us closer to making the Millipede System available to stroke physicians across the U.S. We’re incredibly grateful to the investigators, clinical teams, and most importantly, the patients who participated in the study.”

Additionally, Perfuze is pleased to welcome Joe Rotger as Executive Vice President of Sales. Joe has over 25 years of commercial leadership experience in the medical device industry, with a strong focus on neurovascular technologies. He has held senior positions at prominent neurovascular organizations, including Stryker Neurovascular and Boston Scientific, where he successfully led sales teams and drove significant revenue growth.​

Expressing his enthusiasm about the new role, Rotger stated, “I am excited to join Perfuze at this critical juncture. The opportunity to introduce innovative devices such as the Millipede and Zipline catheters to the U.S. stroke market is immense, and I look forward to working with the team to make a meaningful impact on stroke care.”

Perfuze is currently in a Limited Market Release (LMR) in the United States with its FDA-cleared Millipede 088 Access Catheter, Millipede 070 Aspiration Catheter and Zipline family of delivery assist catheters. Insights from MARRS will support a future FDA submission for expanded use of the Millipede System in stroke thrombectomy.

For more information, visit www.perfuze.com

About Perfuze

Perfuze is a privately held medical device company headquartered in Galway, Ireland, dedicated to developing innovative catheter-based aspiration technology for treating acute ischemic stroke. With a mission to simplify stroke treatment, Perfuze’s proprietary Millipede System delivers powerful clot retrieval performance through a simple, elegant design. The company’s vision is to significantly improve clinical outcomes for stroke patients worldwide.

Zipline Access Catheter (with coil) delivering the Millipede 088 catheter.

Zipline Access Catheter (with coil) delivering the Millipede 088 catheter.

OMAHA, Neb. (AP) — Warren Buffett's company reported just over one-third of last year's profit Saturday morning just as thousands of Berkshire Hathaway shareholders streamed into an Omaha arena to listen to the revered investor answer questions.

The profit numbers were weighed down by a major drop in the value of its investments and $860 million in insurance losses related to policies that Geico and its other insurance companies wrote before the devastating Southern California wildfires.

Berkshire said it earned $4.6 billion, or $3,200 per Class A share, in the first quarter. That's down from $12.7 billion, or $8,825 per Class A share, last year.

But Buffett has long recommended that investors pay more attention to Berkshire’s operating earnings because those exclude the value of its investments, which can vary widely from quarter to quarter. Berkshire must include the value of its investments in its bottom line numbers even though it hasn’t sold most of them.

By that measure, Berkshire's earnings were still down 14% at $9.6 billion, or $6,703.41 per A share. Last year, the conglomerate reported operating earnings of $11.2 billion, or $7,796.47 per Class A share.

The analysts surveyed by FactSet Research predicted Berkshire would report operating earnings of $7,076.90 per Class A share.

But Buffett's comments will be the main attraction Saturday. Investors will be looking for him to explain why Berkshire is now sitting on $347.7 billion cash as of the end of the first quarter, up from $334.2 billion at the end of the year. The growing cash pile is a reminder that Buffett hasn't found any investments at attractive prices lately, but the report doesn't show whether he bought anything in April when the market dropped after President Donald Trump's tariff announcement.

Haibo Liu even camped out overnight outside the arena overnight to be first in line Saturday morning. Liu said he worries that this year could be Buffett's last meeting since he is 94, so he made it a priority to attend his second meeting.

“He has helped me a lot,” said Liu who traveled from China to attend. “I really want to express my thanks to him,” Liu said.

Berkshire Hathaway owns dozens of companies, including Geico, BNSF railroad, a collection of massive utilities and an assortment of retail and manufacturing businesses including well-known brands like See's Candy. It also holds a massive stock portfolio.

Berkshire Hathaway shareholders line up Friday, May 2, 2025 for the chance to buy Warren Buffett and Charlie Munger Squishmallows in Omaha, Neb. (AP Photo/Josh Funk)

Berkshire Hathaway shareholders line up Friday, May 2, 2025 for the chance to buy Warren Buffett and Charlie Munger Squishmallows in Omaha, Neb. (AP Photo/Josh Funk)

Berkshire Hathaway shareholder Devan Bisher holds five large bags filled with Warren Buffett and Charlie Munger Squishmallows while waiting in line on Friday, May 2, 2025 in Omaha, Neb. (AP Photo/Josh Funk)

Berkshire Hathaway shareholder Devan Bisher holds five large bags filled with Warren Buffett and Charlie Munger Squishmallows while waiting in line on Friday, May 2, 2025 in Omaha, Neb. (AP Photo/Josh Funk)

Berkshire Hathaway shareholders pose for photos with life-size Squishmallows ahead of Saturday's annual meeting with Warren Buffett on Friday, May 2, 2025 in Omaha, Neb. (AP Photo/Josh Funk)

Berkshire Hathaway shareholders pose for photos with life-size Squishmallows ahead of Saturday's annual meeting with Warren Buffett on Friday, May 2, 2025 in Omaha, Neb. (AP Photo/Josh Funk)

Berkshire Hathaway shareholders check out the booth for the company's Pilot truck stop chain with a photo of Warren Buffett riding in the truck on Friday, May 2, 2025 in Omaha, Neb. (AP Photo/Josh Funk)

Berkshire Hathaway shareholders check out the booth for the company's Pilot truck stop chain with a photo of Warren Buffett riding in the truck on Friday, May 2, 2025 in Omaha, Neb. (AP Photo/Josh Funk)

A See's Candy worker restocks the display next to a cutout of Warren Buffett at the Berkshire Hathaway shareholders meeting exhibit hall Friday, May 2, 2025 in Omaha, Neb. (AP Photo/Josh Funk)

A See's Candy worker restocks the display next to a cutout of Warren Buffett at the Berkshire Hathaway shareholders meeting exhibit hall Friday, May 2, 2025 in Omaha, Neb. (AP Photo/Josh Funk)

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