J&J Subsidiary Cordis Buys Flexible Stenting Solutions

Johnson & Johnson (NYSE: JNJ  ) interventional vascular technology subsidiary Cordis has finished its acquisition of stent maker Flexible Stenting Solutions. Financial terms of the deal weren't disclosed, according to a Tuesday press release from J&J.

Cordis currently produces and markets the SMART self-expanding vascular stent and recently won regulatory approval to expand its use in other arteries. Flexible Stenting Solutions' FlexStent, another self-expanding stent, will allow Cordis to field a product to treat peripheral artery disease (PAD), a condition that affects an estimated 27 million patients in Europe and North America.

The FlexStent won CE Mark approval in Europe in 2009, winning FDA clearance later in the year. Johnson & Johnson expects also to apply for U.S. regulatory approval to use the FlexStent to treat superficial femoral artery disease.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2313139, ~/Articles/ArticleHandler.aspx, 11/29/2014 3:48:27 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement