Pascal Medical AB
This article was originally published in The Gray Sheet
Executive Summary
Medtronic Xomed finalizes purchase of the Meniett portable pressure-pulse generator from Swedish firm Pascal for undisclosed terms. The device was cleared in December 1999 via 510(k) to treat symptoms of Meniere's disease, a disorder of the inner ear affecting roughly 23 mil. people worldwide. Medtronic Xomed plans to transfer production to its Jacksonville, Florida facility, launch the product in the U.S. and expand international distribution over the next nine months, a recent press release explains