St Jude sells Medtel to Asia and Pacific partner:
This article was originally published in Clinica
Executive Summary
As part of a $35 million deal, St Jude Medical has sold Medtel, its Asia/Pacific medical products distribution business, to Getz Brothers. Getz - St Jude's longtime representative company in Japan and the Far East - also acquires rights to the Telectronics brand name, with pacemakers under the brand supplied to Medtel by St Jude. Getz will also market St Jude's Pacesetter pacemakers and heart valves in Australia for the next five years.