Hansen Medical CEO Discusses Q1 2011 Results - Earnings Call Transcript
Hansen Medical, Inc. ( HNSN ) Q1 2011 Earnings Call May 4, 2011 5:00 pm ET
Operator
Good afternoon, ladies and gentlemen, thank you for standing by. Welcome to the Hansen Medical 2011 first quarter results conference call. During today’s presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be opened for question. (Operator instructions)
I would now like to turn the conference over to Mr. Matt Clawson, of Allen & Caron. Please go ahead sir.
Matt Clawson
Thank you, Jeremy. Good afternoon, everyone. Welcome to Hansen Medical’s 2011 first quarter results conference call. With us today are Hansen Medical President and CEO, Bruce Barclay; and the Company’s Interim Chief Financial Officer, Peter Osborne.
Before I turn the call over to management, please remember that our prepared remarks and responses to questions will contain forward-looking statements that are subject to a number of risks and uncertainties, the examples of such statements include statements about the expected timing of commercial availability of our vascular robot system, the level of clinical interest in our vascular robotic system, expectations regarding commercial success of our Lynx irrigated catheter and expectations regarding the final accounting treatment in the company’s first quarter transactions with Philips.
Important factors that could cause actual results to differ materially from those indicated by forward-looking statements include, among others, that the development of new products and applications of technology are subject to design, engineering and manufacture challenges that could delays clinical studies.
Regulatory filings and commercialization, potential safety and regulatory issues that could deploy the spend or terminate clinical studies. Regulatory approvals for sales, uncertain timelines, costs, and results of clinical trials and development of new products; our ability to plan, and manage cost reduction or operational efficiency initiatives; the scope and validity of intellectual property rights applicable to products being developed. Our ability to maintain our remedial actions over previously reported material weaknesses and internal controls over financial reporting and our estimates for the relative fair values on the recent agreements with Phillips. May change and change our final reporting financial results.
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