Catheter Precision Strengthens European Market Foothold with UK Approval for LockeT

24/7 Market News
Today at 1:01pm UTC

DENVER, Colo., Aug 18, 2025 (247marketnews.com)- Catheter Precision (NYSE:VTAK) achieved a significant milestone in its international expansion strategy with the official approval and registration of its suture retention device, LockeT, in the United Kingdom. The regulatory green light comes just months after the product received CE Mark certification in May 2025, enabling its distribution across the European Union.

With UK registration now finalized, LockeT is fully cleared for commercial launch in one of Europe’s most critical healthcare markets. The move marks an important next step in the company’s broader growth plan, particularly within the cardiac electrophysiology space where LockeT plays a complementary role in post-procedure care.

HC21 to Lead UK Distribution

To support the UK rollout, Catheter Precision is expanding its relationship with HC21, a seasoned UK-based value-added distributor with a strong track record across the medical device sector. With more than 500 employees and €180 million in annual revenue, HC21 brings an established distribution network and deep relationships with both NHS and private sector healthcare providers.

The two companies have collaborated on other product lines in recent years, and this expanded partnership is expected to accelerate time-to-market for LockeT by leveraging HC21’s existing infrastructure and sales force.

“LockeT’s intuitive design and ease of deployment not only enhance patient comfort and recovery but also enable earlier discharge following cardiac procedures. This directly supports NHS efforts to reduce waiting lists by freeing up hospital capacity and accelerating patient throughput,” commented Fatih Ayoglu, Sales Manager EMEA & APAC.

The UK approval arrives after Catheter Precision’s stock touched a 52-week low, on Friday, but today’s market response may signal a technical turning point if momentum continues.

The post Catheter Precision Strengthens European Market Foothold with UK Approval for LockeT appeared first on 24/7 MarketNews.