Catheter Precision Soars 62.84 on $250M Volume Hits 388th Market Rank After UK Approval Catalyzes HC21 Partnership

Generated by AI AgentAinvest Market Brief
Monday, Aug 18, 2025 6:57 pm ET1min read
Aime RobotAime Summary

- Catheter Precision (VTAK) surged 62.84% on $250M volume after UK approval of LockeT suture retention device, its final regulatory step for regional sales.

- The company expanded its partnership with HC21, a €180M-annual-revenue UK distributor, to commercialize LockeT via HC21’s established healthcare provider network.

- LockeT, an FDA-registered Class 1 device, aims to accelerate post-cardiac procedure recovery and aligns with NHS efforts to reduce 17-year-high waiting lists.

On August 18, 2025,

(VTAK) surged 62.84% with a trading volume of $250 million, ranking 388th in market activity. The rally followed regulatory approval for its LockeT suture retention device in the UK, the final step required to launch sales in the region after securing CE Mark approval in May 2025. The company has expanded its partnership with HC21, a UK-based distributor with €180 million annual revenue, to commercialize the product. HC21’s established network across the UK and Ireland positions Catheter to access key healthcare providers efficiently.

LockeT, a Class 1 FDA-registered device, is designed to improve patient outcomes by enabling faster recovery and hospital discharges following cardiac procedures. The product aligns with NHS initiatives to reduce waiting lists by optimizing hospital capacity. Executives emphasized LockeT’s potential to support clinicians in delivering treatments more efficiently, particularly as the NHS recently reported its first reduction in waiting lists in 17 years. The partnership with HC21, which has collaborated with the company on other products, underscores confidence in the device’s market viability.

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