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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; Tess.Stynes@dowjones.com

Stock News for Icu Medical (ICUI)
DateTimeHeadline
08/12/201409:41:52U.S. Hot Stocks: Hot Stocks to Watch
11/15/201308:55:36Highbridge Capital Management 3Q 13F: Holdings As -2-
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201308:18:57Farallon Capital Management 3Q 13F: Largest Eliminations
11/15/201308:18:52Farallon Capital Management 3Q 13F: Holdings As Of Sep 30
11/14/201307:21:26GAMCO Asset Management Inc. 3Q 13F: Largest Purchases
11/14/201307:21:26GAMCO Asset Management Inc. 3Q 13F: Largest -2-
11/14/201307:19:29The Vanguard Group 3Q 13F: Largest Purchases -2-
11/14/201307:19:25The Vanguard Group 3Q 13F: Largest Sales
10/24/201316:10:30ICU Medical Ends Sales Effort After No Buyer Found -Bloomberg
08/02/201314:16:12ICU Medical in Sale Talks With Private Equity Firm GTCR -Bloomberg
07/19/201309:24:09U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
05/08/201311:03:36ICU Medical Weighs Sale, Working With J.P. Morgan -Bloomberg
04/23/201307:20:10U.S. Stock Futures Slip; China, Germany Growth Fears
02/05/201310:16:52Correction to U.S. Hot Stock Futures Table
12/22/201113:14:07ICU Medical Extends Two Distribution Pacts With Hospira
02/01/201016:57:22ICU Medical 4Q Net Down 18% Despite Sales Growth; View Weak

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