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Bard Buys Lutonix For Lead In Race To U.S. Market With Drug-Coated Balloon

Deal worth up to $325 million makes Bard first in line to enter the U.S. market with a drug-coated balloon. Firm anticipates PMA submission for Moxy in 2014.

CR Bard Inc. hopes to be first on the U.S. market with a drug-coated balloon through its purchase of privately held Lutonix Inc. for up to $325 million under a deal announced Dec. 20.

Lutonix’ Moxy paclitaxel-coated percutaneous transluminal angioplasty balloon is being evaluated in a pivotal U.S. trial that began last July and Bard anticipates a PMA submission in 2014 for treatment of...

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