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Catheter Connections and Merit Medical Systems, Inc. (MMSI) Enter into an Agreement for Exclusive Distribution of DualCap® in Interventional Radiology and Cardiology


8/29/2012 8:13:31 AM

SALT LAKE CITY--(BUSINESS WIRE)-- Catheter Connections, Inc., a leading developer of disposable devices for preventing blood stream infections caused by vascular access devices, today announced that it entered into an exclusive distribution agreement with Merit Medical Systems, Inc. (MMSI), a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology and radiology.

Under the agreement, Catheter Connections can receive up to $1M in up-front payments and additional revenue from product sales for providing Merit with rights to exclusively distribute Catheter Connection’s proprietary disinfection technology in the fields of interventional radiology and interventional cardiology. The products provided under the agreement include Catheter Connections’ DualCap® technology for IV connector disinfection and protection. Merit has exercised its option under the agreement to secure the exclusive right to distribute Catheter Connections’ proprietary male luer disinfection technology.

The distribution agreement follows the most recent patent issued by the United States Patent and Trademark Office, titled “Disinfecting Caps For Medical Male Luer Connectors,” which broadly covers Catheter Connections’ male luer disinfection technology. Only Catheter Connections has patent protection, as well as FDA clearance, to market a device to disinfect and protect male luer connectors attached to the end of IV tubing lines.

Vicki Farrar, Chief Executive Officer of Catheter Connections, said, “We look forward to the association with Merit. Merit’s impressive track record of innovation and growth, in addition to its global marketing resources, will expedite the commercialization of our DualCap® technology and increase patient safety. This agreement validates our superior position in the IV disinfection market in terms of both our intellectual property and our ability to help hospitals reduce bloodstream infections.”

ABOUT CATHETER CONNECTIONS

Headquartered in Salt Lake City, Utah, Catheter Connections®, Inc., develops and commercializes innovative vascular access products designed to protect patients from acquiring infections during intravenous infusion therapy. Its DualCap System™ is a family of user-friendly products that provides healthcare facilities with a cost-effective, integrated solution for IV disinfection and protection, helping in the fight against IV catheter-related blood stream infections. Designed by infusion nurses, flagship product DualCap®safely disinfects both IV tubing end connectors and IV catheter access valves — a major breakthrough for infection control. For more information, visit www.catheterconnections.com.

Contact:

Catheter Connections, Inc.

Vicki Farrar, 888-706-8883

Chief Executive Officer

fax: 888-862-2693

info@cathconn.com



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