Micrus Endovascular Corporation Signs Distribution Agreement to Enter Chinese Market

SAN JOSE, Calif.--(BUSINESS WIRE)--Micrus Endovascular Corporation (Nasdaq:MEND) today announced the signing of a five-year, exclusive agreement with Beijing Tian Xin Fu Medical Appliances Co., Ltd. (TXF Medical), for the distribution in China of Micrus’ implantable and disposable medical devices used in the treatment of neurovascular diseases. Micrus expects to begin distributing its products through TXF Medical in the Chinese market upon receiving regulatory approval.