Company News Release April 30, 2002
VASCLIP, THE ALTERNATIVE TO VASECTOMY, RECEIVES FDA CLEARANCE
The VASCLIP Company announces it has received FDA clearance to commercialize the VASCLIP
device and will immediately begin to market it as a new, less invasive alternative to vasectomy.
The VASCLIP is a small polymeric clip about the size of a grain of rice that atraumatically locks
around the vas deferens, which stops the flow of sperm through the vessel. The biocompatible VASCLIP
is a less invasive alternative to traditional vasectomy because it eliminates all cutting, suturing
and cauterizing (burning) of the vas deferens.
In a clinical study, the patented Vasclip was shown to significantly reduce the incidence of
painful and costly complications when compared to published vasectomy studies. The Vasclip clinical
study indicated high patient satisfaction. The Company has begun to sell the VASCLIP to physicians
in select major markets throughout the United States, and expects to expand its availability
nationally over the next several months.
More than 4 million vasectomy procedures are performed annually on a worldwide basis, with more
than 500,000 performed each year in the United States. It is reported that more than 15,000
physicians perform vasectomies in the United States, with urologists performing about 70 percent of
all procedures and family practice physicians and general surgeons performing the rest. Between 4 and
6 percent of men who undergo a vasectomy seek to have it reversed. By eliminating the need to cut
and cauterize the vas deferens, the Company believes the VASCLIP will facilitate reversal of the
procedure and intends to conduct a future clinical study exploring that possibility.
In the VASCLIP 124-patient clinical study, less than 1 percent of the subjects (1 of 124) had
clinically significant swelling (hematoma), compared with the reported 0.1 to 15.0 percent of men
that have a hematoma after undergoing a traditional vasectomy. Additionally, no subjects (0 of 124)
in the study reported an infection -- a marked decrease from the reported 0.2 to 6.9 percent from
traditional vasectomy. The VASCLIP procedure was also found to significantly reduce-sperm granuloma
(2 of 124), which affects between 15 and 40 percent of all patients that have a traditional
vasectomy. Ninety-nine percent (109 of 110) of the subjects that responded to a post-study survey
indicated they would recommend the VASCLIP procedure to other men.
In addition to the clinical and cost benefits that the VASCLIP provides as “The Alternative to
Vasectomy,” the VASCLIP procedure offers men and women a new birth control option. “With the
availability of the VASCLIP, the time has arrived for men to accept more responsibility for family
planning,” said David Elliot, President and CEO of The Vasclip Company. “Women still bear the burden
for birth control over 80 percent of the time. For many women, hormone based contraceptives are not
optimal and any form of tubal ligation carries unacceptable risks. Based on our research we believe
the VASCLIP alternative to vasectomy is long overdue, and will be welcomed by women, men and their
doctors.”
Men cite the fear of pain and complications as the primary reason they will not have a vasectomy.
“I backed out of two vasectomies because of the reported complications and pain associated with
traditional vasectomy. My concerns served as a great motivator in developing this product,” said
company Founder and Chairman, Jim Segermark. “As the first person to ever have the VASCLIP
procedure, I have personally experienced the benefits. Very simply, for men and couples that are
seeking a solution for family planning, the VASCLIP procedure is an option that has benefits for both
partners.”
“The VASCLIP device is simple to use,” said Dr. David Kirby, a clinical investigator in the
VASCLIP study. “Unlike many new procedures, the VASCLIP procedure is office-based and does not
require extensive training. A physician can use the same access and closure technique they have
always used, but will not need to cut, suture or cauterize the vas deferens or manage vasal sheath
damage. The dramatic reduction of complications associated with the VASCLIP procedure benefits the
patient, physician and payor.” Dr. Kirby added, “I believe that for these reasons the physician
community, urologists and family practice physicians alike will rapidly adopt the VASCLIP as the
standard of care.”
VMBC, LLC, The VASCLIP Company, is privately held and is headquartered in Roseville, Minn. For
more information about the Company and the VASCLIP, please visit the Company Web site at
www.vasclip.com.