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BANGALORE, May 3 (Reuters) - Hansen Medical Inc. (HNSN.O: Quote, Profile, Research shares hit an all-time high on Thursday after the company said its catheter control system received U.S. marketing approval earlier than expected.
The company expected clearance for the catheter control system, Sensei, in the second half of 2007, Chief Executive Frederic Moll said in a statement.
It also received marketing clearance for its Artisan catheter, which will be used in the Sensei system.
ThinkEquity Partners analyst Stephan Ogilvie said the approval came three months before he had modeled it in his estimates.
"It is very rare that a company gets U.S. approval before European approval," Ogilvie said by phone.
While Sensei has European approval, Artisan does not.
With Sensei robotic system, physicians can remotely move a catheter in hard-to-reach locations in the heart. It consists of the Artisan catheter and a remote workstation where the physician sits, Mountain View, California-based Hansen said.
Shares of the company, which went public in November last year, were up more than 22 percent at $23.17 in midday trade on the Nasdaq, after hitting a high of $26.69. (Reporting by Varsha Tickoo, Pratish Narayanan in Bangalore)
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