NEW YORK (Thomson Financial) - Merit Medical Systems Inc. Monday entered
into a non-binding term sheet to purchase certain cardiac and peripheral
catheter platform assets, technology and intellectual property from Micrus
Endovascular Corp. for $3 million.
Merit said catheters have been the fastest growing segment of the company
for several years.
Based in South Jordan, Utah, Merit Medical develops, manufactures and
markets disposable medical products primarily for the treatment of
cardiovascular disease. Its stock was down 2.9% at $11.88.
Shares of Micrus Endovascular, a San Jose, Calif.-based maker of implantable
and disposable medical devices used to treat cerebral vascular diseases
associated with stroke, were down 1.3% at $18.98.
Melinda Peer
mp/pc
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