ALAMEDA, Calif., Dec. 8, 2020 /PRNewswire/ -- Penumbra, Inc. (NYSE: PEN), a global healthcare company focused on innovative therapies, today responded to recent attacks by short sellers containing inaccurate and misleading information regarding scientific research published by Penumbra's co-founder and Chief Innovator, Arani Bose, MD.
Dr. Arani Bose has co-authored numerous peer-reviewed articles and scientific presentations in his more than 30-year career in the medical field. As is commonplace in the medical community, many of his papers are published under the name A. Bose, as referenced on pubmed.gov and the original scientific publications.
Penumbra confirms the papers rumored to be attributed to Antik Bose are in fact attributed to Dr. Arani Bose. To imply that Dr. Arani Bose's peer-reviewed research, co-authored with a large cohort of his peers, was ever or would ever be attributed to anyone other than Dr. Arani Bose is inaccurate and conspiratorial.
Today, Penumbra's chief executive officer, Adam Elsesser, spoke with Bank of America analyst Bob Hopkins about the state of Penumbra's business on a pre-announced, public call. A replay of this call is available on Penumbra's website for all interested parties. The company stands by the record of the Penumbra JET 7 Reperfusion Catheter with Xtra Flex technology (JET 7 Xtra Flex). Penumbra continues to follow all applicable Quality System Regulations and international standards that govern the design and quality of its products. Penumbra has helped thousands of sick patients and is unaware of a single patient death associated with the use of JET 7 Xtra Flex when it is used in line with the instructions for use and the notice Penumbra has provided to physicians.
These claims are baseless. Penumbra is reviewing its options of how to further respond.
About Penumbra Penumbra, Inc., headquartered in Alameda, California, is a global healthcare company focused on innovative therapies. Penumbra designs, develops, manufactures and markets novel products and has a broad portfolio that addresses challenging medical conditions in markets with significant unmet need. Penumbra sells its products to hospitals and healthcare providers primarily through its direct sales organization in the U.S., most of Europe, Canada and Australia, and through distributors in select international markets. Penumbra, the Penumbra P logo, Penumbra JET, Benchmark and BMX96 are trademarks of Penumbra, Inc. For more information, visit www.penumbrainc.com
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