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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; [email protected]

Stock News for Icu Medical (ICUI)
01/09/201714:05:12Amended Statement of Ownership (sc 13g/a)
01/09/201713:03:17Statement of Changes in Beneficial Ownership (4)
01/06/201716:30:43Current Report Filing (8-k)
01/06/201711:00:00ICU Medical, Inc. to Present at 35th Annual J.P. Morgan Healthcare...
01/05/201716:13:32Current Report Filing (8-k)
01/05/201716:05:00ICU Medical, Inc. Provides Update on Hospira Infusion Systems...
12/07/201618:06:04Statement of Changes in Beneficial Ownership (4)
12/01/201608:00:00ICU Medical Launches the All-New Diana™ Compounding Workflow S...
11/14/201618:54:09Statement of Changes in Beneficial Ownership (4)
11/09/201616:40:00Quarterly Report (10-q)
11/09/201616:12:59Current Report Filing (8-k)
11/09/201616:05:00ICU Medical, Inc. Announces Third Quarter 2016 Results
10/17/201616:05:00ICU Medical, Inc. Announces Time of Third Quarter 2016 Earnings...
10/13/201617:25:48Current Report Filing (8-k)
10/07/201615:37:17Statement of Changes in Beneficial Ownership (4)
10/07/201614:20:00Statement of Changes in Beneficial Ownership (4)
10/06/201610:20:00ICU Medical To Buy Pfizer Unit in $1 Billion Deal
10/06/201610:08:00ICU Medical To Buy Pfizer Unit in $1 Billion Deal
10/06/201607:45:00ICU Medical Inc. to Acquire the Hospira Infusion Systems Business from...
09/19/201617:23:53Statement of Changes in Beneficial Ownership (4)

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