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AngioDynamics Reports Fiscal 2014 Third Quarter Financial Results

  • Net sales increase 8% over prior year to $88.2 million
  • GAAP income per share of $0.14; Non-GAAP adjusted net income, excluding amortization, of $0.16 per share
  • Adjusted EBITDA of $14.6 million
  • Company's revenue guidance to $351 million- $355 million for FY14;
    Adjusted EPS, excluding amortization, of $0.60-$0.63

ALBANY, N.Y., April 9, 2014 (GLOBE NEWSWIRE) -- AngioDynamics (Nasdaq:ANGO), a leading provider of innovative, minimally invasive medical devices for vascular access, surgery, peripheral vascular disease and oncology, today reported financial results for the fiscal 2014 third quarter ended February 28, 2014.

"Our strong top line performance marks the fourth consecutive quarter of improved sales results, reflecting continued market acceptance of our innovative products and solid execution by our global sales team. The 8% revenue increase was driven by double-digit sales growth in our Peripheral Vascular and Oncology/Surgery businesses of 11% and 15%, respectively, and a significant turnaround in Vascular Access, which grew 3% over last year's comparable quarter and 7% from the prior quarter. The improvement in our Vascular Access business demonstrates the effectiveness of the BioFlo technology which now accounts for 40% of our global PICC revenue," said Joseph M. DeVivo, President and Chief Executive Officer. "With the recent FDA clearance of the DuraMax Dialysis Catheter with BioFlo - the third U.S. clearance of a BioFlo product line - we expect further adoption of this technology as its clinical value becomes widely accepted. As our other key growth drivers, including the AngioVac Cannula & Circuit in our Peripheral Vascular business, and the Acculis microwave system in our Oncology/Surgery business, make a more significant contribution to overall revenue, we anticipate improved margin profile over time leading to improved profitability."

Q3 FY14 Financial Results

Net sales of $88.2 million were up 8% compared with last year's third quarter net sales of $81.6 million. Excluding the planned wind-down of the supply agreement with Boston Scientific (BSC), third quarter sales were up 9% to $86.6 million compared to $79.5 million in last year's third quarter. The following sales comparisons exclude the BSC supply agreement.

Peripheral Vascular net sales in the third quarter increased 11% to $47.4 million compared to $42.6 million in the prior year period. Vascular Access net sales increased 3% to $27.3 million compared to $26.4 million in the year ago quarter. Oncology/Surgery net sales of $12 million increased 15% compared to the year ago quarter. U.S. net sales increased 10% to $69.9 million from $63.8 million in the prior year period, and International net sales were up 7% at $16.8 million compared to a year ago.

The Company's net income in the third quarter was $5.1 million, or $0.14 per share, compared to a net loss of $1 million, or $0.03 per share, in the prior year period. Excluding the items shown in the attached quarterly non-GAAP reconciliation table, adjusted net income excluding amortization for intangible assets was $5.6 million, or $0.16 per share, for the third quarter of fiscal year 2014 compared to net income of $5.5 million, or $0.16 per share, for the year ago quarter.

Third quarter EBITDA was $14 million, or $0.39 per share, compared to EBITDA of $6.5 million, or $0.18 per share, a year ago. Adjusted EBITDA, excluding the items shown in the attached reconciliation table, was $14.6 million, or $0.41 per share, compared to $13.7 million, or $0.39 per share, in the year ago period.

At February 28, 2014, cash and investments were $9.2 million and debt was $138.9 million.

Recent Operational Highlights

  • The U.S. Food and Drug Administration (FDA) cleared an expanded indication for the Company's AngioVac cannula for venous drainage during extracorporeal bypass for up to six hours to include removal of fresh, soft thrombi or emboli. The expanded clearance makes AngioVac a more powerful tool for physicians in the U.S., where an estimated 1 million people are affected by venous thromboembolic disease (VTE).
  • The Company received 510(k) clearance for its BioFlo DuraMax chronic hemodialysis catheter - the third U.S. clearance of a BioFlo product line in the Company's Vascular Access business. The Company expects a commercial launch in the fourth quarter of fiscal year 2014.
  • The Company executed an agreement with Medcomp and its development partner to acquire regulatory control over the Celerity tip-location platform, as well as access to next-generation product introductions.
  • Enrollment of the first patient in a clinical study at Duke University to evaluate the feasibility and short-term safety and effectiveness of the NanoKnife system in the ablation of focal prostate cancer occurred. The prospective, non-randomized pilot study will enroll six patients who meet a low risk prostate cancer criteria defined by this protocol. The primary objective will be to evaluate procedural and short-term post-treatment safety of the NanoKnife system via incidence of adverse events and evaluation of effect on urologic (urinary and erectile) function.
  • The Company was awarded $74.9 million in damages based on AngioDynamics' claims against biolitec AG, Biomed Technology Holdings Limited and Wolfgang Neuberger.
  • The Company completed the creation of its Distribution Center of Excellence in Queensbury, representing a major milestone in its Company-wide operational excellence program designed to save $15 million to $18 million during the course of the next three years.
  • AngioDynamics' new Oracle-based business system was launched, unifying the Company under a single ERP system, and completing one of the final and most visible steps to completing the integration of AngioDynamics and Navilyst Medical.

Nine Months Financial Results

For the nine months ended February 28, 2014, net sales were $260.4 million, a 3% increase compared to net sales of $252 million reported a year ago. The Company's net income was $4.6 million, or $0.13 per share, compared to net income of $0.3 million, or $0.01 per share, reported a year ago. Excluding the items shown in the attached quarterly non-GAAP reconciliation table, adjusted net income excluding amortization for intangible assets was $14.7 million, or $0.41 per share, compared to net income of $17.5 million, or $0.50 per share, a year ago. EBITDA was $29.1 million, or $0.83 per share, compared to EBITDA of $24.4 million, or $0.69 per share, a year ago. Adjusted EBITDA, excluding the items shown in the attached reconciliation table, was $38.6 million, or $1.09 per share, compared to $43.3 million, or $1.23 per share, in the year ago period.

Fiscal 2014 Guidance

"Our net sales increase in the third quarter included one additional selling day, which benefitted our top line by approximately 2%. Given our strong sales performance in the first nine months of fiscal 2014, we are raising our fiscal year 2014 sales guidance to a range of $351 million to $355 million," said Mark Frost, Executive Vice President and Chief Financial Officer. "We are also revising our fiscal year 2014 expectation for adjusted EPS without amortization to a range of $0.60 to $0.63 due to our current product and geographic mix, as well as unanticipated costs related to the recent Medcomp agreement."

"As a result of the updated fiscal year 2014 guidance, we anticipate revenue to range from $91 million to $95 million in the fiscal fourth quarter, up to 6% at the top end and 8% on an average daily sales basis, and adjusted EPS without amortization is expected to be in the range of $0.18-$0.21," Mr. Frost concluded.

Conference Call

AngioDynamics will host a conference call today at 4:30 p.m. Eastern Time to discuss its third quarter results. To participate in the live call, please dial 1-877-941-0844. In addition, a live webcast and archived replay of the call will be available at http://investors.angiodynamics.com. To access the live webcast, please go to the website 15 minutes prior to its start to register, download and install the necessary software.

Use of Non-GAAP Measures

Management uses non-GAAP measures to establish operational goals, and believes that non-GAAP measures may assist investors in analyzing the underlying trends in AngioDynamics' business over time. Investors should consider these non-GAAP measures in addition to, not as a substitute for or as superior to, financial reporting measures prepared in accordance with GAAP. In this news release, AngioDynamics has reported EBITDA (income before interest, taxes, depreciation and amortization), adjusted EBITDA, adjusted net income, excluding amortization, and adjusted earnings per share, excluding amortization. Management uses these measures in its internal analysis and review of operational performance. Management believes that these measures provide investors with useful information in comparing AngioDynamics' performance over different periods. By using these non-GAAP measures, management believes that investors get a better picture of the performance of AngioDynamics' underlying business. Management encourages investors to review AngioDynamics' financial results prepared in accordance with GAAP to understand AngioDynamics' performance taking into account all relevant factors, including those that may only occur from time to time but have a material impact on AngioDynamics' financial results. Please see the tables that follow for a reconciliation of non-GAAP measures to measures prepared in accordance with GAAP.

About AngioDynamics

AngioDynamics Inc. is a leading provider of innovative, minimally invasive medical devices used by professional healthcare providers for vascular access, surgery, peripheral vascular disease and oncology. AngioDynamics' diverse product lines include market-leading ablation systems, fluid management systems, vascular access products, angiographic products and accessories, angioplasty products, drainage products, thrombolytic products and venous products. More information is available at www.AngioDynamics.com.

Trademarks

AngioDynamics, the AngioDynamics logo, Acculis, AngioVac, BioFlo DuraMax and NanoKnife are trademarks and/or registered trademarks of AngioDynamics Inc., an affiliate or a subsidiary. Celerity is a trademark and/or registered trademark of Medcomp Inc.

Safe Harbor

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding AngioDynamics' expected future financial position, results of operations, cash flows, business strategy, budgets, projected costs, capital expenditures, products, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include the words such as "expects," "reaffirms," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "optimistic," or variations of such words and similar expressions, are forward-looking statements. These forward looking statements are not guarantees of future performance and are subject to risks and uncertainties. Investors are cautioned that actual events or results may differ from AngioDynamics' expectations. Factors that may affect the actual results achieved by AngioDynamics include, without limitation, the ability of AngioDynamics to develop its existing and new products, technological advances and patents attained by competitors, future actions by the FDA or other regulatory agencies, domestic and foreign health care reforms and government regulations, results of pending or future clinical trials, overall economic conditions, the results of on-going litigation, the effects of economic, credit and capital market conditions, general market conditions, market acceptance, foreign currency exchange rate fluctuations, the effects on pricing from group purchasing organizations and competition, the ability of AngioDynamics to integrate purchased businesses, including Navilyst Medical and its products, R&D capabilities, infrastructure and employees as well as the risk factors listed from time to time in AngioDynamics' SEC filings, including but not limited to its Annual Report on Form 10-K for the year ended May 31, 2013. AngioDynamics does not assume any obligation to publicly update or revise any forward-looking statements for any reason.

ANGIODYNAMICS, INC. AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENTS
(in thousands, except per share data)
         
  Three months ended Nine months ended
  Feb 28, Feb 28, Feb 28, Feb 28,
  2014 2013 2014 2013
  (unaudited) (unaudited)
         
Net sales $ 88,195 $ 81,571 $ 260,390 $ 251,994
Cost of sales        
 Acquired inventory step-up  75  400  150  3,845
 Quality call to action  --   38  --   850
 Other cost of sales  42,485  39,932  127,193  122,552
Total cost of sales   42,560  40,370  127,343  127,247
Gross profit  45,635  41,201  133,047  124,747
% of net sales 51.7% 50.5% 51.1% 49.5%
         
Operating expenses        
 Research and development   7,045  5,793  20,757  19,881
 Sales and marketing  20,700  18,520  61,736  55,734
 General and administrative  6,231  6,046  19,082  19,854
 Amortization of intangibles  4,248  4,314  12,871  11,961
 Medical device tax  980  683  2,955  683
 Change in fair value of contingent consideration  (4,154)  630  (2,481)  827
 Acquisition and other non-recurring  3,016  5,157  7,697  9,943
Total operating expenses  38,066  41,143  122,617  118,883
Operating income   7,569  58  10,430  5,864
Other income (expense), net  (1,985)  (1,879)  (5,580)  (5,707)
Income (loss) before income taxes  5,584  (1,821)  4,850  157
Provision for (benefit from) income taxes  476  (829)  267  (99)
Net income (loss)  $ 5,108  $ (992)  $ 4,583  $ 256
         
Earnings (loss) per common share        
Basic  $ 0.15  $ (0.03)  $ 0.13  $ 0.01
Diluted  $ 0.14  $ (0.03)  $ 0.13  $ 0.01
         
Weighted average common shares        
Basic  35,184  34,834  35,088  34,787
Diluted  35,704  34,834  35,372  35,315
         
         
ANGIODYNAMICS, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION
(in thousands, except per share data)
         
Reconciliation of Net Income to non-GAAP Adjusted Net Income:
         
  Three months ended Nine months ended
  Feb 28, Feb 28, Feb 28, Feb 28,
  2014 2013 2014 2013
  (unaudited) (unaudited)
         
Net income (loss)  $ 5,108  $ (992)  $ 4,583  $ 256
         
After tax:        
Acquisition and other non-recurring (1)  2,176  3,111  5,208  6,158
Quality Call to Action Program (2)  --   24  --   540
Inventory step-up (3)  48  254  95  2,442
Contingent earn out valuation (4)  (4,461)  400  (3,398)  525
Amortization of intangibles  2,698  2,739  8,173  7,596
Adjusted net income excluding amortization  $ 5,569  $ 5,536  $ 14,661  $ 17,516
         
         
Reconciliation of Diluted Earnings Per Share to non-GAAP Adjusted Diluted Earnings Per Share:
         
  Three months ended Nine months ended
  Feb 28, Feb 28, Feb 28, Feb 28,
  2014 2013 2014 2013
  (unaudited) (unaudited)
         
Diluted earnings (loss) per share  $ 0.14  $ (0.03)  $ 0.13  $ 0.01
         
After tax:        
Acquisition and other non-recurring (1)  0.06  0.09  0.15  0.17
Quality Call to Action Program (2)  0.00  0.00  0.00  0.02
Inventory step-up (3)  0.00  0.01  0.00  0.07
Contingent earn out valuation (4)  (0.12)  0.01  (0.10)  0.01
Amortization of intangibles  0.08  0.08  0.23  0.22
Adjusted diluted earnings per share excluding amortization  $ 0.16  $ 0.16  $ 0.41  $ 0.50
         
(1) Includes costs relating to acquisitions, debt financing, business restructuring, litigation and facility consolidations.
(2) Direct costs of implementing a comprehensive Quality Call to Action program to review and augment the 
      quality management systems at our Queensbury and Fremont facilities.
(3) Amortization of basis step-up of acquired inventory.
(4) Impact of revaluation of contingent earn outs related to acquisitions.
 
 
ANGIODYNAMICS, INC. AND SUBSIDIARIES
GAAP TO NON-GAAP RECONCILIATION (Continued)
(in thousands, except per share data)
         
Reconciliation of Net Income to EBITDA and Adjusted EBITDA:
         
  Three months ended Nine months ended
  Feb 28, Feb 28, Feb 28, Feb 28,
  2014 2013 2014 2013
  (unaudited) (unaudited)
         
Net income (loss)  $ 5,108  $ (992)  $ 4,583  $ 256
         
Provision for (benefit from) income taxes  476  (829)  267  (99)
Other income (expense), net  1,985  1,879  5,580  5,707
Amortization of intangibles  4,248  4,314  12,871  11,961
Depreciation  2,227  2,096  5,889  6,610
EBITDA  14,044  6,468  29,190  24,435
         
Acquisition and other non-recurring (1)  3,016  5,157  7,697  9,943
Stock-based compensation  1,599  997  4,022  3,372
Quality Call to Action Program (2)  --   38  --   850
Inventory step-up (3)  75  400  150  3,845
Contingent earn out revaluation (4)  (4,154)  630  (2,481)  827
Adjusted EBITDA  $ 14,580  $ 13,690  $ 38,578  $ 43,272
         
EBITDA per common share        
Basic  $ 0.40  $ 0.19 $ 0.83 $ 0.70
Assumes Diluted  $ 0.39  $ 0.18 $ 0.83 $ 0.69
         
Adjusted EBITDA per common share        
Basic $ 0.41 $ 0.39 $ 1.10 $ 1.24
Assumes Diluted $ 0.41 $ 0.39 $ 1.09 $ 1.23
         
         
Reconciliation of Operating Income to non-GAAP Adjusted Operating Income:
         
  Three months ended Nine months ended
  Feb 28, Feb 28, Feb 28, Feb 28,
  2014 2013 2014 2013
  (unaudited) (unaudited)
         
Operating income (loss) $ 7,569 $ 58 $ 10,430 $ 5,864
         
Acquisition and other non-recurring (1)  3,016  5,157  7,697  9,943
Quality Call to Action Program (2)  --   38  --   850
Inventory step-up (3)  75  400  150  3,845
Contingent earn out revaluation (4)  (4,154)  630  (2,481)  827
Amortization of intangibles  4,248  4,314  12,871  11,961
Adjusted Operating income  $ 10,754  $ 10,597  $ 28,667  $ 33,290
         
(1) Includes costs relating to acquisitions, debt financing, business restructuring, litigation and facility consolidations.
(2) Direct costs of implementing a comprehensive Quality Call to Action program to review and augment the 
      quality management systems at our Queensbury and Fremont facilities.
(3) Amortization of basis step-up of acquired inventory.
(4) Impact of revaluation of contingent earn outs related to acquisitions
 
 
ANGIODYNAMICS, INC. AND SUBSIDIARIES
PRELIMINARY NET SALES BY PRODUCT CATEGORY AND BY GEOGRAPHY
(unaudited in thousands)
             
  Three months ended (a) Nine months ended (b)
  Feb 28, Feb 28, % Feb 28, Feb 28, %
  2014 2013 Growth 2014 2013 Growth
             
Net Sales by Product Category            
Peripheral Vascular $ 47,403 $ 42,616 11% $ 141,743 $ 131,676 8%
Vascular Access  27,259  26,391 3%  78,113  79,733 (2%)
Oncology/Surgery  11,968  10,449 15%  35,692  33,688 6%
Total Excluding Supply Agreement  86,630  79,456 9%  255,548  245,097 4%
Supply Agreement  1,565  2,115 (26%)  4,842  6,897 (30%)
Total $ 88,195 $ 81,571 8% $ 260,390 $ 251,994 3%
             
Net Sales by Geography            
United States $ 69,859 $ 63,784 10% $ 206,491 $ 196,682 5%
International  16,771  15,672 7%  49,057  48,415 1%
Supply Agreement  1,565  2,115 (26%)  4,842  6,897 (30%)
Total $ 88,195 $ 81,571 8% $ 260,390 $ 251,994 3%
             
(a) Sales days for the three months ended Feb 28, 2014 and Feb 28, 2013, were 61 and 60 days respectively.
(b) Sales days for the nine months ended Feb 28, 2014 and Feb 28, 2013 were both 187 days.
 
 
ANGIODYNAMICS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands)
     
  Feb 28, May 31, 
  2014 2013
  (unaudited) (unaudited)
Assets    
Current Assets    
Cash and cash equivalents $ 7,382 $ 21,802
Marketable securities  1,807  2,153
 Total cash and investments  9,189  23,955
     
Receivables, net  57,726  47,791
Inventories, net  59,834  55,062
Deferred income taxes  3,656  6,591
Prepaid income taxes  2,727  438
Prepaid expenses and other  7,000  7,679
 Total current assets  140,132  141,516
     
Property, plant and equipment, net  66,478  62,650
Intangible assets, net  207,970  214,848
Goodwill  359,736  355,458
Deferred income taxes  11,721  11,007
Other non-current assets  6,137  6,105
 Total Assets $ 792,174 $ 791,584
     
Liabilities and Stockholders' Equity    
Current portion of long-term debt $ 5,000 $ 7,500
Current portion of contingent consideration  12,146  9,207
Other current liabilities  46,235  46,730
 Total current liabilities  63,381  63,437
Long-term debt, net of current portion  133,910  135,000
Contingent consideration, net of current portion  55,841  65,842
Other long-term liabilities  1,353  475
 Total Liabilities  254,485  264,754
     
Stockholders' equity  537,689  526,830
 Total Liabilities and Stockholders' Equity $ 792,174 $ 791,584
     
Shares outstanding  35,416  35,060
     
     
ANGIODYNAMICS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
         
  Three months ended Nine months ended
  Feb 28, Feb 28, Feb 28, Feb 28,
  2014 2013 2014 2013
  (unaudited) (unaudited) (unaudited) (unaudited)
         
Cash flows from operating activities:        
 Net income (loss)   $ 5,108  $ (992)  $ 4,583  $ 256
 Depreciation and amortization   6,475  6,410  18,760  18,571
 Change in fair value of contingent consideration   (4,154)  630  (2,481)  827
 Tax effect of exercise of stock options   --   82  (146)  (422)
 Deferred income taxes   794  1,244  2,219  3,419
 Stock-based compensation   1,599  997  4,022  3,372
 Amortization of inventory step-up   75  400  150  3,845
 Other   (28)  1,304  (51)  894
 Changes in operating assets and liabilities         
 Receivables   (9,321)  2,454  (9,411)  3,957
 Inventories   144  644  (4,225)  (9,468)
 Accounts payable and accrued liabilities   (1,059)  (3,273)  2,698  (10,134)
 Other   (265)  100  (944)  398
 Net cash provided by (used in) operating activities   (632)  10,000  15,174  15,515
         
 Cash flows from investing activities:         
 Additions to property, plant and equipment   (1,811)  (2,921)  (9,003)  (7,708)
 Acquisition of businesses, net of cash acquired   (30)  (10,966)  (4,349)  (25,274)
 Other cash flows from investing activities   --   2,500  --   3,301
 Purchases, sales and maturities of marketable securities, net   25  --   328  11,855
 Net cash provided by (used in) investing activities   (1,816)  (11,387)  (13,024)  (17,826)
         
Cash flows from financing activities:        
 Repayment of long-term debt   (1,250)  (1,875)  (145,000)  (5,625)
 Proceeds from issuance of new debt   --   --   141,410  -- 
 Payment of Contingent Consideration   (5,250)  --   (14,597)  -- 
 Deferred financing costs of long-term debt   --   --   (677)  -- 
 Proceeds from exercise of stock options and ESPP   1,075  620  2,208  1,096
 Net cash provided by (used in) financing activities   (5,425)  (1,255)  (16,656)  (4,529)
         
 Effect of exchange rate changes on cash   82  (54)  86  (43)
 Increase (Decrease) in cash and cash equivalents   (7,791)  (2,696)  (14,420)  (6,883)
         
Cash and cash equivalents        
 Beginning of period   15,173  19,321  21,802

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In the News (Homepage Include)

4.9.2014 - AngioDynamics Reports Fiscal 2014 Third Quarter Financial Results

READ MORE >>

06.13.2011 - AngioDynamics Reports Preliminary Fiscal 2011 Fourth Quarter Financial Results and Corporate Developments

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Privacy Policy

ANGIODYNAMICS® PRIVACY POLICY

AngioDynamics, Inc. (ADI) is dedicated to keeping the information you choose to share with us through the web sites (Sites) owned and/or operated by us secure. Ensuring your understanding of how we use and maintain your information is important to ADI. To that end, we have provided below our General Policy and our Registered User Requirements and Information.

Note: for purposes of this Privacy Policy, when we use the term "your information" or similar terms, we mean information personally identifiable with a specific user of our Sites or about a user's current or former relationship with ADI or any of its subsidiaries or affiliates.

This Privacy Policy discloses our privacy practices as to:

  • collection and use of information provided by you.
  • the privacy protection mechanisms we have implemented; and
  • how you can access, update or delete any information provided by you.

If you have any questions concerning our Privacy Policy, what information about you we collect and use, or if you do not understand any of the terms or disclosures noted below, you may contact us at info@angiodynamics.com.

I. General Policy.

ADI maintains physical, electronic and procedural safeguards to protect your information. Though no data transmission over the Internet is 100% secure from intrusion, we have used and will continue to use reasonable efforts to ensure the protection of your information. We assess new technology for protecting information and, when appropriate, upgrade our information security systems.

We collect information about you when you visit and use the Sites and when you enter or input information.

You can visit the Sites and learn about our company, products and services, and find out how to contact us without giving us any personal information about yourself. If we request personally identifiable information, you may decline to provide such and thus opt out of receiving future communications from us.

We may use information about you to inform us on how best to update the Sites and enhance the experience for such visitors. Personally identifiable information is not extracted for this purpose. We use such information on an aggregated basis to help us operate the Sites, enhance and improve our service, improve the look of the Sites and display advertising and marketing information. We may use personally identifiable information to display content we think will be of interest to you, or to customize what you see when you visit the Sites.

The information we may collect and store generally consists of information gathered from your registration, data input, forms and other information you provide us, electronically, by phone, in writing, in person or by any other means and information about your transactions and experience with ADI, such as account balances and purchasing activity.

Information is critical to our ability to provide high quality service to you, but the trust that you place in how we provide that service is an important asset. Keeping your information secure is a top priority for all of us at ADI. Consequently, our privacy standards are designed to ensure that we will:

  • collect and use only the necessary information required for us to deliver high quality service, to administer our business and to let you know of products and services that are available from our family of companies;
  • protect the information you share with us, maintaining strict standards of security and confidentiality;
  • not disclose information, personal or business, to any external organization in a manner not otherwise contemplated herein unless we have previously notified you (or the business, in the case of a commercial enterprise) and obtained your consent or if we enter into a specific agreement with you;
  • require any other organization that we retain or engage to provide support services for us to conform to our privacy standards.

Your privacy is important to us. However, there are legal and technical reasons why we cannot fully ensure that your personally identifiable information will be kept confidential at all times. For example, we may be compelled to disclose your information to a governmental agency or a court; or third parties may unlawfully intercept or access transmissions or private communications. Additionally, we may (and you hereby authorize us to do so) disclose any information about you to private entities, law enforcement or other government officials as we, in our sole discretion, believe necessary or appropriate to investigate or resolve possible problems or inquiries or to protect our own business and assets. In such circumstances, we will, where possible, require such third parties to maintain the confidentiality of any information so disclosed.

ADI may change this Privacy Policy from time to time. Any changes will be effective immediately upon posting to the Sites. Please check back regularly to ensure you read and understand our current privacy practices

II. Registered User Requirements And Information

Some features on the Sites may require you to register in order to get our authorization before you can use those features. Whether you are an individual or a corporation, partnership or other form of commercial enterprise, in order for you to obtain our authorization to use those features and be considered a registered user, you must provide us with certain information about you and your business and, for security purposes, we may require some personal information about you and, if you represent a business, we may request personal information about those you designate to represent that business.

If you are a registered user, you acknowledge and also consent to our tracking your activities and use of the Sites in connection with the non-public functions of the Sites, such as confirming and filling orders, maintaining quality control and contacting you concerning your orders, transactions or subscription.

In addition to information about your business, for security purposes, we require that you provide us with information such as names, addresses, e-mail addresses, telephone numbers and other personally identifiable information for each individual who will use the Sites, in order for us to authorize you and those individuals to access the features of the Sites that are available only to registered users. This information also helps us to ensure we are able to securely identify you and each of these individuals as authorized users for the features you have successfully registered to use. Once registration is complete and we have granted you authorization, we will provide you with a user identification number and allow you to select a unique user ID and password. You will be able to change your password, as well as any personal data you have given us in order to update your information. If you are a designated representative of a business, keep in mind that an authorized representative of the business will also have the right to revoke that designation and, if so notified, we will immediately terminate your right to use the Sites.

When you submit personally identifiable information on behalf of others, you represent that you have their authorization to provide this information to us. We reserve the right to (i) ask you to provide evidence of that authorization at any time during or after the submission process and (ii) contact those individuals to confirm the authorization. If we determine that such authorization has not been properly obtained, we may immediately and without notice, discontinue your authorization to use the Sites.

Submitting information to us is not a guarantee or assurance that we will grant authorization or permit you, or anyone you designate, to use any or all of the features of the Sites. If, for any reason, you are not granted authorization we will only retain the information you submit to us in order to communicate with you regarding your application and perhaps request additional or follow-up information, for audit purposes or as may be required by law or regulation and we will not use your information for any other purposes.

The personal information you provide and any data, personal or otherwise, that you disclose may be saved on the Sites for the following purposes:

(i) we may use such information to advise you of or provide additional information regarding products or services that may be available through ADI or its affiliates;

(ii) we may use such information and data to administer our business, the Sites, and our services in a manner consistent with the Terms of Use that govern your use of the Sites as well as all applicable laws, rules, regulations and other legal obligations; and

(iii) we may disclose such information to third party physicians and health care providers who purchase our products and services for the benefit of their respective patients for the sole purpose of contacting you directly regarding the same, unless you indicate to us via the Site or otherwise in writing that you wish to opt out of such disclosures. Except as set forth above, we do not sell or market your personal information or personalized data to unaffiliated organizations. If you provide us with your email address, we may occasionally send you e-mail and any e-mail sent to us by you through the Sites will be handled and maintained in accordance with the legal and regulatory requirements we must comply with, if any, regarding communications from users and the public.

ADI may collect and use the information you provide to enable us to save you time and money by better understanding your needs so that we can provide you with more relevant information about ADI's products and services.

III. "Cookies"

Some of our Web Sites will send a "cookie," a small text file, to your computer. This allows us to recognize your computer the next time you visit, without bothering you with another request to register. If you do not wish to receive cookies, please refer to the "Help" file of your Internet Browser to learn how to either block all cookies or receive a warning before a cookie is stored. To learn more about cookies we encourage you to visit www.cookiecentral.com If you visit our Web Sites to browse, read, or download information, we collect and store some "visitor information" from you, such as the name of the domain and host from which you access the Internet, the Internet Protocol (IP) address of the computer you are using, the date and time you access our Web Site, and the Internet address of the website from which you linked directly to our Web Site. We use this information to measure the traffic on our Web Sites and to help us make our Web Sites more useful. We delete this information after some time

IV. Information About Minors

ADI's Web Sites are generally not targeted at children under the age of fourteen. We will not knowingly collect information from site visitors in this age group. We encourage parents and legal guardians to monitor their children's Internet usage and to help enforce our Privacy Policy by instructing their children to never provide Personal Information on this Site without their permission.

V. Links to Other Sites

As a resource to our visitors, ADI may provide links to other Internet sites. Please be aware that we do not control other Internet sites and that, in any case, this Internet Privacy Policy does not apply to those Internet sites. We encourage you to read the privacy policy of every Internet site you visit.

VI. Anti-Spam Policy

ADI does not distribute or sell customers' confidential information from our opt-in lists.

Definition of Spam from MAPS – Mail Abuse Prevention System
An email is spam if:

  1. The recipient's personal identity and context are irrelevant because the message is equally applicable to many other potential recipients; AND
  2. The recipient has not verifiably granted deliberate, explicit, and still-revocable permission for it to be sent; AND
  3. The transmission and reception of the message appears to the recipient to give a disproportionate benefit to the sender.

ADI's Commitment:

  • AngioDynamics DOES NOT send out unsolicited email (UCE/Spam) (Please note UCE stands for unsolicited commercial email)
  • AngioDynamics DOES NOT knowingly do business with any company that participates in sending UCE/SPAM
  • AngioDynamics DOES NOT sell or exchange personal information from our opt-in lists.

Rev. December 16, 2009

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A Global Reach, A Community Presence

During the last 25 years, AngioDynamics has grown to have a global reach, with facilities in three U.S. states, The Netherlands, Hong Kong, Germany and Great Britain. The company has its Corporate Headquarters in Albany, N.Y., U.S., and continues to have a major presence in Queensbury, N.Y., U.S., and Glens Falls, N.Y., where it designs, develops and manufactures many of its products. The manufacturing of AngioDynamics’ port systems, electrosurgical devices and needle sets occurs at its Manchester, Ga., U.S., facility, while cutting-edge research and development is performed in Marlborough, Mass., U.S. The company also has opened an International Headquarters in Amsterdam, The Netherlands, and sales offices in Hong Kong and Hamburg, Germany, as well as a facility in Denmead, U.K., focused on the manufacture of its microwave ablation systems.

New York – Global Headquarters 
14 Plaza Drive
Latham, N.Y. 12110 USA
Phone: 1-800-772-6446
+1 (518) 795-1400
Fax: +1 (518) 795-1401

Airport: Albany International Airport (ALB)
Hotel:
Holiday Inn Express & Suites Latham
400 Old Loudon Road
Latham, NY 12110
(Closest to the Global Headquarters.)
Directions

Hotel Indigo
254 Old Wolf Road
Latham, NY,12110
(Closest to the Albany Airport.)
Directions


New York – Queensbury Manufacturing Facility
603 Queensbury Ave.
Queensbury, NY, 12804 USA
Phone: 1-800-772-6446
+1 (518) 798-1215
Fax: +1 (518) 798-3625

Airport: Albany International (ALB)

Hotels:
Comfort Suites Lake George
1533 State Route 9
Lake George, NY 12845 
(Closest to facility) 
Directions

Hampton Inn & Suites 
25 Lake Avenue
Saratoga Springs, NY 12866
(Within walking distance to restaurants and night life; approximately 30 minutes from facility) 
Directions


New York - Glens Falls Manufacturing Facility
10 Glens Falls Tech Park
Glens Falls, NY 12801
Phone: 1-800-772-6446
+1 (518) 742-4495
Fax: 518-798-3625

Airport: Albany International (ALB)

Hotels:
Comfort Suites Lake George
1533 State Route 9
Lake George, NY 12845 
(Closest to facility) 
Directions

Hampton Inn & Suites 
25 Lake Avenue
Saratoga Springs, NY 12866
(Within walking distance to restaurants and night life; approximately 30 minutes from facility) 
Directions

Georgia
AngioDynamics
1 Horizon Way
Manchester, GA, 31816 USA

Airport: Atlanta (ATL)

Hotels:
Best Western White House Inn
2526 White House Pkwy
Warm Springs, GA 31830
(Closest to facility)
Directions

Springhill Suites Newnan
1119 Bullsboro Drive
Newnan, GA 30265
(Closest to restaurants; about 50 miles from facility)
Directions

Massachusetts
26 Forest Street
Marlborough, MA 01752
Phone: 1-877-658-7990
508-658-7990

Airport: Logan (BOS)




The Netherlands
AngioDynamics Netherlands BV
Haaksbergweg 75 (Margriettoren)
1101 BR Amsterdam Z-O

Airport:
Amsterdam Schipol, 13 miles from facility

Hotels:
Hotel JL no 76
Jan Luijckenstraat 76  
1071 CT Amsterdam   
The Netherlands
Directions

Hotel Vondel
Vondelstraat 26
1054 GD Amsterdam
The Netherlands
Directions


Hong Kong
Suite 6, 6/F Luk Kwok Centre
72 Gloucester Road, Wan Chai
Hong Kong SAR

Airport:
Hong Kong International, 25 miles from facility

Hamburg
Halenreie 42
22359 Hamburg-Volksdorf | Germany

Airport:
Hamburg Airport – ca. 15km/ 30min

Hotel:
Hotel du Nord, Im Alten Dorfe 40, Hamburg, Germany
Directions


United Kingdom
1 Falcon Court
Parklands Business Park
Denmead
Hampshire, PO7 6XP
United Kingdom

Airport:
Southampton

 

Hotel:
Portsmouth Marriott Hotel
Southampton Road
Portsmouth,  PO6 4SH
United Kingdom
Phone: 44-23-9238 3151
Fax: 44-23-9238 8701
Directions

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Patient Resources

At AngioDynamics we are focusing on patient care every day, but we understand that undergoing a procedure is not an everyday occurrence for most patients. You probably have a lot of questions, and we hope that the materials on this page will help answer some of the most common questions about our products and your upcoming procedure. Additionally, we have listed links to the Web sites of several organizations below that you may find helpful during your journey. Please remember these are only tools, and that your physician is best suited to answer your questions.

National Cancer Institute
http://www.cancer.gov
American Academy of Dermatology
http://www.aad.org/forms/pamphlets/
American Cancer Society
http://www.cancer.org
American Academy of Family Physicians
http://www.familydoctor.org
Mayo Clinic
http://www.mayoclinic.com
Society of Interventional Radiology
http://www.sirweb.org/patients
WebMD
http://www.webmd.com
American College of Phlebology
http://www.phlebology.org
VenaCure EVLT™
http://www.venacure-evlt.com
American Venous Forum
http://www.venous-info.com
Vascular Disease Foundation
http://www.vdf.org

Mission

To provide benefits to patients by being the leader in design, development, manufacturing and marketing of innovative, proprietary, therapeutic devices used by interventionalists and surgeons for the minimally invasive treatment of peripheral vascular disease, tumor therapy and other, non-vascular disease.

Values

AngioDynamics is deeply committed to improving patient care by ethically serving its customers, shareholders and employees. We value the importance of trust and honesty in all of the relationships that we build. AngioDynamics is dedicated to its pursuit of innovation and tenaciously strives for continuous improvement in every area.

AngioDynamics seeks to add significant value in every interaction with its customers by providing unsurpassed service and the highest quality, best performing products. To accomplish this, AngioDynamics is committed to its employees receiving the highest level of training, and to providing an environment that promotes continual employee growth. All AngioDynamics employees constantly endeavor to be the best and the brightest in the medical device industry.

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About AngioDynamics

AngioDynamics® history is best characterized by innovation and growth. Originally founded in Queensbury, N.Y., U.S., in 1988, AngioDynamics® has grown into a NASDAQ-listed public company with a global reach.

Queensbury was chosen due to its location in the heart of “Catheter Valley,” an area in New York’s Adirondack Region named for its long history of catheter and other medical device manufacturing. Today, the Company has made its presence apparent far beyond Upstate New York with 1,400 employees worldwide at facilities in the United States, Europe and Asia. AngioDynamics is currently selling in more than 50 markets through direct sales and distributors.

Initially dedicated to the research and development of products used in interventional radiology, AngioDynamics began shipping product in the early 1990s. The Company soon became well established as a producer of diagnostic catheters for non-coronary angiography and thrombolytic delivery systems. In May 2004 the Company became publicly traded on the NASDAQ stock exchange under the symbol ANGO.

Through acquisitions of companies such as RITA Medical Systems in January 2007, Oncobionic in May 2008, and the assets of Diomed in June 2008 and FlowMedica in January 2009, AngioDynamics now boasts a diverse product line that includes market-leading radiofrequency ablation and NanoKnife® systems, vascular access products, angiographic products and accessories, dialysis products, angioplasty products, drainage products, thrombolytic products, embolization products, venous products and targeted renal therapy products.

Continuing its expansion, AngioDynamics opened a new headquarters in Albany, N.Y., in March 2010. Most recently, in May 2012, AngioDynamics acquired Navilyst Medical, bringing market-leading fluid management systems into its portfolio. The acquisition significantly expanded the Company’s scale, doubling its share of the vascular access market while building critical mass in the peripheral vascular market. A comprehensive look at the Company’s history can be found in the form of an interactive timeline of events at www.angiodynamics.com.


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Contact AngioDynamics

Please be advised, effective January 21st, 2014, AngioDynamics and Navilyst Medical will merge under one unified business information system. This will impact the way our customers order products. All products in the AngioDynamics portfolio will now have universal part numbers. To avoid business interruptions, please visit our resource materials, herein, for further information and updates required.
Corporate Office
14 Plaza Drive
Latham, NY 12110
Hours of Operation: 
8 a.m. to 5 p.m. ET
Tel: +1 518-795-1400
Fax: +1 518-795-1401
General e-mail: 
info@angiodynamics.com

International Offices

Amsterdam Office

AngioDynamics Netherlands BV
Haaksbergweg 75 (Margriettoren)
1101 BR Amsterdam Z-O
Hours of Operation: 08.30 - 17.00 (Local)
Tel: +31 (0)20 753 2949
Fax: +31(0)20 753 2939
General e-mail:
amsterdam@angiodynamics.com

U.S. Customer Service
603 Queensbury Ave.
Queensbury, NY 12804
Hours of Operation: 
8 a.m. to 6 p.m., Monday-Friday
Toll Free Telephone: 1-800-772-6446
(select option 2 for Customer Service)
Fax: +1 518-798-1360
customerservice@angiodynamics.com

Physician Clinical Product Questions
Contact our clinical specialists by calling 1-800-772-6446, option 5

 

Hong Kong Office
Suite 6, 6/F Luk Kwok Centre
72 Gloucester Road, Wan Chai
Hong Kong SAR
Hours of Operation:
Weekdays 09:00 - 18:00
Tel: +852 3127 5507
Fax: +852 3127 5656
General e-mail:
hongkong@angiodynamics.com

Hamburg Office
Halenreie 42
22359 Hamburg-Volksdorf | Germany
Tel: +49 (0) 40 85 41 37 90
Fax: +49 (0) 40 85 41 37 91-5
Email: hamburg@angiodynamics.com

Denmead
1 Falcon Court
Parklands Business Park
Denmead
Hampshire, PO7 6XP
United Kingdom
Phone: +44 (0)2392 240011
Fax: +44 (0)2392 240051

Investor Relations Contacts
EVC Group, Inc.
Gregory Gin
Tel: +1 646-445-4801
e-mail:ggin@evcgroup.com

Doug Sherk
Tel: +1 415-568-4887
e-mail: dsherk@evcgroup.com

Customer Service International

GERMANY/DEUTSCHLAND (08:30 – 17:00 Local)
Rufnummer: 0800 180 8497 (Kostenlos)
Fax: 0800 100 3827 (Kostenlos)
E-mail: csinternational@angiodynamics.com
 
FRANCE (08:30 – 17:00 Local)
Téléphone: 0800 907 948 (numéro Vert - gratuit)
Fax: 0800 940 395 (numéro Vert - gratuit)
E-mail: csinternational@angiodynamics.com

NETHERLANDS/NEDERLAND (08:30 – 17:00 Local)
Telefoon: 0800 40 40 013 (Gratis)
Fax: 0800 40 40 014 (Gratis)
E-mail: csinternational@angiodynamics.com
 
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