Cordis Corporation (JNJ) Acquires Flexible Stenting Solutions Inc.
3/12/2013 9:38:39 AM
BRIDGEWATER, N.J.--(BUSINESS WIRE)--Cordis Corporation, a worldwide leader in the development of interventional vascular technology, today announced it has completed the acquisition of Flexible Stenting Solutions, Inc., a leading developer of innovative flexible peripheral arterial, venous and biliary stents. Currently, Cordis markets the S.M.A.R.T.® Vascular Stent worldwide. The addition of Flexible Stenting Solutions’ FlexStent® Self Expanding Stent System provides Cordis with the opportunity to evolve the S.M.A.R.T.® Stent platform to address unmet needs in the treatment of peripheral artery disease (PAD). It also extends the company’s potential to expand therapeutic applications into below-the-knee and venous interventions. An estimated 27 million people in Europe and North America alone suffer from PAD.