Thursday, February 14, 2008

Merit Finalizes Two Deals

SOUTH JORDAN, Utah, Feb. 13, 2008 (PRIME NEWSWIRE) -- Merit Medical Systems, Inc. (Nasdaq:MMSI), a manufacturer and marketer of proprietary disposable devices used primarily in cardiology and radiology procedures, announced today that the Company has finalized two transactions.
On November 5, 2007, Merit announced that it had entered a non-binding term sheet to acquire cardiac and peripheral catheter platform assets from Micrus Endovascular. On January 31, 2008, Merit finalized a definitive asset purchase and supply agreement effecting the transaction.
Additionally, the Company said that is has entered into an agreement with Timothy Clark, M.D., to acquire intellectual property rights relating to U.S. Patent #7,087,060, Methods for Obtaining Hemostasis of Percutaneous Wounds.
full article >> http://money.cnn.com/news/newsfeeds/articles/primenewswire/136283.htm

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