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ICU Medical Extends Two Distribution Pacts With Hospira

DOW JONES NEWSWIRES ICU Medical, Inc. (ICUI) extended two primary distribution agreements with Hospira Inc. (HSP) through the end of 2018. ICU Medical manufactures custom infusion sets for Hospira, which the two medical-products companies jointly promote under the brand SetSource, under one of the agreements. Hospira purchases ICU Medical's core Clave products -- which prevent accidental pricks from intravenous needles -- and oncology products under the other agreement. Hospira maintains rights to distribute ICU Medical products globally that previously had been extended to 2014. Financial terms of the pacts weren't disclosed. ICU Medical in October reported that third-quarter earnings rose 3.2% on a lower tax provision though its sales growth slowed and its operating expenses rose 15%. Hospira, which spun off from Abbott Laboratories (ABT) in 2004, in October reported that it swung to third-quarter loss and raised cost estimates associated with fixing a drug manufacturing plant after a production slowdown there weighed down earnings. ICU Medical shares were up 38 cents at $45.33 in recent trading. Hospira was up 3.2% at $30.22. -By Tess Stynes, Dow Jones Newswires; 212-416-2481;

Stock News for Icu Medical (ICUI)
11/18/201508:46:16Current Report Filing (8-k)
11/16/201512:35:00Statement of Changes in Beneficial Ownership (4)
11/06/201509:48:00U.S. Hot Stocks: Hot Stocks to Watch
11/05/201516:19:58Current Report Filing (8-k)
11/05/201516:05:00ICU Medical, Inc. Announces Third Quarter 2015 Results
11/03/201518:38:01Statement of Changes in Beneficial Ownership (4)
11/02/201517:36:45Statement of Changes in Beneficial Ownership (4)
10/20/201516:02:00ICU Medical, Inc. Announces Time of Third Quarter 2015 Earnings...
10/06/201517:45:21Statement of Changes in Beneficial Ownership (4)
10/06/201515:33:38Current Report Filing (8-k)
10/05/201519:49:09Statement of Changes in Beneficial Ownership (4)
10/05/201518:36:41Statement of Changes in Beneficial Ownership (4)
10/05/201517:26:47Statement of Changes in Beneficial Ownership (4)
10/05/201516:10:00ICU Medical Partners With Medline Industries to Acquire Excelsior...
10/01/201513:23:14Current Report Filing (8-k)
09/21/201520:46:10ICU Medical, Inc. to Present at the Morgan Stanley 2015 Global...
09/02/201517:04:17Statement of Changes in Beneficial Ownership (4)
09/01/201517:43:45Statement of Changes in Beneficial Ownership (4)
08/31/201517:36:13Statement of Changes in Beneficial Ownership (4)
08/10/201518:37:13Quarterly Report (10-q)

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