Vascular Solutions Acquires Snare Product Line
October 21, 2010 – Vascular Solutions has acquired the assets related to snare products from Radius Medical Technologies and its subsidiary, Radius Medical, LLC. Vascular Solutions has been selling the Expro Elite and Micro Elite snares in the United States under a distribution agreement since 2008.
Effective immediately, international sales of the snare products will transition to Vascular Solutions’ existing international distribution network and U.S. sales will continue to be sold through the company’s direct sales force.
The asset acquisition also included the Quattro Elite and Sympro Elite snares and the Oracle retrieval system, all of which were either recently launched or are in development.
Vascular Solutions expects to transfer the manufacturing of the products from Radius’ facility in Boston to its existing facility in Minnesota over the next six months.
For more information: www.vascularsolutions.com