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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)
05/18/201617:29:10Statement of Changes in Beneficial Ownership (4)
05/18/201616:58:12Statement of Changes in Beneficial Ownership (4)
05/18/201616:48:35Statement of Changes in Beneficial Ownership (4)
05/18/201616:42:56Statement of Changes in Beneficial Ownership (4)
05/18/201616:34:15Statement of Changes in Beneficial Ownership (4)
05/17/201606:02:02Current Report Filing (8-k)
05/10/201618:54:43Statement of Changes in Beneficial Ownership (4)
05/10/201618:20:19Quarterly Report (10-q)
05/10/201616:15:23Current Report Filing (8-k)
05/10/201616:05:00ICU Medical, Inc. Announces First Quarter 2016 Results
04/19/201616:05:00ICU Medical, Inc. Announces Time of First Quarter 2016 Earnings...
04/15/201617:32:25Statement of Changes in Beneficial Ownership (4)
04/11/201619:03:52Statement of Changes in Beneficial Ownership (4)
04/04/201612:57:10Proxy Statement (definitive) (def 14a)
03/31/201619:04:32Statement of Changes in Beneficial Ownership (4)
03/31/201618:58:53Statement of Changes in Beneficial Ownership (4)
03/21/201618:38:43Statement of Changes in Beneficial Ownership (4)
03/21/201608:00:00B. Braun and ICU Medical Sign Expanded Long-Term International...
03/09/201619:46:03ICU Medical, Inc. to Present at Two Upcoming Investor Conferences
02/12/201618:56:19Statement of Changes in Beneficial Ownership (4)

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