Guidant, Johnson & Johnson ink stent deal

Johnson & Johnson's Cordis unit of Miami Lakes, FL, has signed a technology development and promotion deal with Guidant of Indianapolis regarding drug-eluting stents and stent-delivery systems.

Under the terms of the deal, both companies will have sales and marketing rights to the Cordis Cypher sirolimus-eluting stent in the U.S., with an option for a similar arrangement in Japan.

In addition, Cordis will gain access to Guidant's current and next generation of technologies for delivering coronary stents. The companies plan to immediately start development on a Cypher stent that uses Guidant's Multi-Link Vision stent-delivery system.

Cordis retains clinical, manufacturing, and order-fulfillment responsibilities for Cypher in the U.S. The companies will collaborate on marketing and sales strategies for Cypher, but will bear most marketing and sales costs separately. The companies said that the deal doubles the size of Cypher's field-support organization in the U.S.

By staff writers
February 27, 2004

Related Reading

Boston Scientific, Guidant settle litigation, February 23, 2004

Guidant ups quarterly dividend, sets repurchasing plan, February 18, 2004

Guidant acquires AFx, February 10, 2004

Guidant keeps up growth in 2003, January 29, 2004

Guidant notches record Q3, October 16, 2003

Copyright © 2004

Page 1 of 374
Next Page