Micrus Endovascular to Divest $3 Million in Non-Core Cardiac and Peripheral Assets to Merit Medical Systems

Health & Medicine Week via NewsEdge Corporation :

2007 NOV 19 - (NewsRx.com) -- Micrus Endovascular Corporation (Nasdaq:MEND) announced that it has entered into a non-binding term sheet to sell certain cardiac and peripheral catheter platform assets and technology for $3 million to Merit Medical Systems, Inc. (Nasdaq:MMSI), a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology and radiology procedures. The purchase will include the transfer from Micrus to Merit of manufacturing know-how, intellectual property, inventory and technology (see also Angiology).

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