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Company Profile



Company Headquarters: 2800 Patton Road
St. Paul, MN 55113
651.634.3003
http://www.enteromedics.com
Founded: 2002
Co-Founders: Mark Knudson
Robert Nickoloff
Timothy Conrad
Katherine Tweden
Rich Wilson
Business Objective:

EnteroMedics Inc. (Nasdaq: ETRM) was founded to develop devices using neuroblocking technology to treat obesity and other gastrointestinal disorders.

Total Number of Employees: 55
Products and Intended Use:

Our VBLOCTM Therapy is designed to limit the expansion of the stomach and to reduce the frequency and intensity of stomach contractions by intermittently blocking, or interrupting, naturally occurring neural impulses on the vagus nerve.

Markets:

The MaestroTM System is being developed initially for the obesity market.

Media Resources: Mark B. Knudson, President and CEO
Greg S. Lea, SVP and CFO


Forward looking statement

This press release contains forward-looking statements about EnteroMedics Inc. Our actual results could differ materially from those discussed due to known and unknown risks, uncertainties and other factors including our limited history of operations, our losses since inception and for the foreseeable future; our lack of regulatory approval for our MaestroTM System for the treatment of obesity; our inability to complete our EMPOWER pivotal trial and other clinical trials, or significant delays in the completion of our clinical trials; our ability to timely commercialize our Maestro System; our dependence on third parties to initiate and perform our clinical trials; the need to obtain regulatory approval for any modifications to our Maestro System; physician adoption of our Maestro System and VBLOCTM vagal blocking therapy; our ability to obtain third party coding, coverage or payment levels; ongoing regulatory compliance; our dependence on third party manufacturers and suppliers; the successful development of our sales and marketing capabilities; our ability to raise additional capital when needed; our ability to attract and retain management and other personnel and to manage our growth effectively; potential product liability claims; potential healthcare fraud and abuse claims; and our ability to obtain and maintain intellectual property protection for our technology and products. These and additional risks and uncertainties are described more fully in the Company's filings with the Securities and Exchange Commission, particularly those factors identified as "risk factors" in the Company's Form 10-K dated March 13, 2008. We are providing this information as of the date of this press release and do not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.

Investor Contact:
Greg S. Lea
651.789.2860
ir@enteromedics.com


 

 

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EnteroMedics - 2800 Patton Road - St. Paul, MN 55113
CAUTION: Investigational device. Limited by Federal law to investigational use.
This page revised November 2007.