AngioDynamics Acquires FlowMedica Benephit(R) Renal Therapy Product Line

Benephit Only FDA-Cleared Device to Address Acute Kidney Injury MarketQUEENSBURY, N.Y.--(HSMN NewsFeed)--Jan. 12, 2009--AngioDynamics Inc. (NASDAQ: ANGO), a leading provider of innovative medical devices used by interventional radiologists, nephrologists and surgeons for the minimally invasive treatment of cancer and peripheral vascular disease, announced today that it has purchased certain assets of privately-held FlowMedica Inc., a leader in the emerging field of Targeted Renal Therapy(TM) (TRT(R)). The transaction was structured as an asset purchase under which AngioDynamics will pay $1.75 million in cash for the assets of the business plus a contingent payment based on fiscal 2011 sales of Benephit products.

Pioneered by FlowMedica, TRT is a therapeutic approach that delivers drugs directly to the kidneys in order to prevent and treat acute kidney injury (AKI). AKI often results from many common interventional and surgical procedures, and is a significant problem in high renal risk patients such as the elderly and diabetics. Benephit infusion products deliver therapeutic agents directly into both renal arteries through dedicated infusion catheter and sheath systems while allowing simultaneous interventional coronary, peripheral, endovascular and surgical procedures. TRT can also be employed for stand-alone renal drug delivery in other hospital settings when desired. The Benephit systems have been granted 510(k) clearance from the FDA and the CE Mark, and are commercially available.

Press Release >> http://www.angiodynamics.com/pages/news/news_articles_detail.asp?id=284