In Brief: Cardiometrics/Cordis
This article was originally published in The Gray Sheet
Executive Summary
Cardiometrics/Cordis: Ink distribution agreement under which Johnson & Johnson subsidiary Cordis gains U.S. distribution rights to Cardiometrics' FloWire doppler guide wire. The pact broadens an existing agreement for marketing of the device overseas. Cardiometrics says J&J's "strong distribution channels should enable faster market penetration" in the U.S. Under the deal, J&J also gains U.S. rights to Cardiometrics' WaveWire pressure guide wire products. Cardiometrics submitted a 510(k) for WaveWire in December 1996. Cardiometrics, which recently entered an agreement to be acquired by intravascular ultrasound catheter firm EndoSonics ("The Gray Sheet" Feb. 3, p. 9), will continue to market its FloWire and WaveWire products domestically to "40 key accounts" through the end of 1997. At year-end, J&J, EndoSonics, and Cardiometrics will negotiate terms for 1998...