Agreement Represents Second Stent Development Collaboration Between SurModics and Nexeon MedSystems
EDEN PRAIRIE, Minn. & CHARLESTON, W. Va., Jan 27, 2009 --(HSMN NewsFeed)-- SurModics, Inc. (Nasdaq: SRDX), a leading provider of drug delivery and surface modification technologies to the healthcare industry, and Nexeon MedSystems, Inc., a developer of medical devices for the treatment of cardiovascular and peripheral vascular disease, announced today that the companies have signed a licensing agreement to collaborate on development of a novel stent system for the treatment of renal artery disease.
This agreement is in addition to the prior one announced in July 2007 to develop a novel stent system for coronary artery disease, which is now in clinical trials. SurModics is also an equity investor in Nexeon MedSystems.This novel stent system for the renal arteries will incorporate SurModics' proprietary Finale(TM) Prohealing Coating technology and Nexeon's bare metal KODIAK(TM) peripheral stent technology. Terms of the agreement were not disclosed.
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Friday, January 30, 2009
SurModics and Nexeon MedSystems to Collaborate on Development of Novel Stent System for Renal Artery Disease
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