Markets
U.S. open in 3 hrs, 35 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
Merit says FDA approves Laureate guide wire
AP
SOUTH JORDAN, Utah -Disposable medical device maker Merit Medical Systems Inc. said Tuesday it received approval to market its Merit Laureate hydrophilic guide wire, which is used in inserting catheters.
Merit said the FDA has approved the device, and the company will begin selling it in January 2010. Merit said the guide wire can be used in inserting drainage catheters, dialysis catheters, and vascular catheters. The Laureate wire has a coating that gives it a slippery surface.
The company said the market for hydrophilic guide wires is worth $150 million to $200 million, and it estimated it will get about $30 million in sales from the Laureate wire.
In afternoon trading, Merit shares dipped 12 cents to $17.06.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-11-10 14:55:24
COMMENTS ( 0 )