Based in New Jersey in the US, Cordis develops and manufactures medical devices for the treatment of vascular disease, and through its Biosense Webster subsidiary, provides cardiac diagnostic, therapeutic and mapping tools. At the time of its formation in 1957, the company was called Medical Development Corporation; its name was changed in 1959 to Cordis (“of the heart”) to reflect its primary therapeutic focus.
Cordis now focuses on access, diagnostic and therapeutic products for cardiology procedures, products to diagnose, access and treat lower extremity disease, and the Incraft stent-graft system, the company’s new investigational device for treating abdominal aortic aneurysm (AAA). The company is also offers globally ExoSeal, its first vascular closure device.
The Cordis Medical Device Company Report provides a full review of the company's medical device activities, from its origins to its latest corporate activity, including mergers and acquisitions, agreements, divestitures and litigation. Sections are also included on products, corporate strategy and R&D.
Whatever your interest or involvement, evaluating the performance, success, failures and developments of medical companies is critical. Espicom’s Medical Device Company Reports have been regularly published for over 20 years, and these critically acclaimed and respected management reports provide a complete review of leading players in the field.
Evaluate competitive threats Maximise product and market opportunities Identify collaborators and strategic partners Understand the operating market environment Benchmark your performance against competitors
Key contact information Introduction to Cordis and its current activities Summary of its financial performance Key recent events in an “at a glance” format
The company’s aims and its areas of focus
Current year and annual financial data, including revenue breakdowns by product area and geographic region (if available) Table providing in-depth five-year financial analysis Employee data, including breakdown by company division and geographic location
Core product areas, key brands, product approvals and launches Identifies the company’s major competitors
Research and Development
How much has been invested in R&D? Where is the research based? What alliances and agreements does Cordis have and with whom?
Manufacturing and Distribution
Identifying the company’s manufacturing locations Sales and marketing facilities
With whom has Cordis reached agreements and what do they involve? Key contracts awarded Mergers and Acquisitions
Key Corporate Events
Table Of Contents
Cordis Medical Device Company Intelligence Report Contents
RESEARCH AND DEVELOPMENT 17 Research Establishments 17 Studies and Trials 18 Cordis 18 ExoSeal Vascular Closure Devices 18 INNOVATION Trial - Incraft Stent Graft System 18 STROLL Trial 19 SAPPHIRE 20 Biosense Webster 20 ATTEST Study 20 SMART-AF Study 20 reMARQable 21 RAAFT 21 Research Agreements 22 Stereotaxis 22 Medtronic 22
AGREEMENTS 24 Siemens Healthcare 24 GE Healthcare 24 Stereotaxis 25 Ostial Solutions 26 ClearStream Technologies 26 Svelte Medical Systems 26
MERGERS AND ACQUISITIONS 27 Flexible Stenting Solutions 27 Ensure Medical 28 LuMend 28 TERAMed 28 Atrionix 28 AngioGuard 29 IsoStent 29 Biosense 29 Nitinol Devices and Components 29
DIVESTITURES 30 Cordis Neurovascular Division 30 Nitinol Devices and Components 30 Cordis Neuroscience Business 30
LITIGATION 31 Guidant, Abbott, Boston Scientific and Medtronic - Morris Patents 31 Boston Scientific - Fischell Patent 31 Guidant, Abbott, Boston Scientific and Medtronic - Wright/Falotico Patents 31 Boston Scientific - Jang Patent 31 Dr Bruce Saffran 32
KEY CORPORATE EVENTS 33
List of Tables
Recent Key Events 2 Cordis - Annual Sales, 2008-2012 4 Cordis/Biosense Webster - Summary of Recent Product Approvals and Selected Planned Submissions as of January 2013 15 Agreements Summary 23 Mergers and Acquisitions Summary 26 Cordis - Key Corporate Events 32
List of Charts
Johnson and Johnson - Medical Devices and Diagnostics Segment - 2012 Sales by Major Franchise 4 Cordis - Annual Sales, 2008-2012 5 Cordis - Annual Sales by Geographic Area, 2008-2012 5