Vascular Solutions (Minneapolis) reported that it has acquired the Venture wire control catheter, a deflectable-tip catheter used to provide guidewire directional control in challenging coronary and peripheral interventional procedures, from St. Jude Medical (St. Paul, Minnesota) for $3 million.
It's not always doom and gloom in the med-tech industry. Some med-tech companies are making significant strides, and it doesn't always revolve around garnering a significant funding or getting FDA approval on a product. Nearly two months ago, Instrumentation Laboratory (Bedford, Massachusetts) took a bold leap with its Hemostasis product line in North America, and decided to go with a new direct sales, support and service model. Previously the company had a strategic alliance cross-distribution agreement with Beckman Coulter (Brea, California) for about 20 years, which it deemed successful. The company already has a direct customer model in its critical...
Toshiba American Medical Systems (Tustin, California) said that it has developed a flexible coil system that could improve MR exam efficiency and image quality. The firm reported earlier this week, that its 16-element MR coils has received clearance from the FDA.
