Originally Published MX November/December 2005
BUSINESS NEWS
Cooperation and CompetitionFoxHollow Technologies (Redwood City, CA) and Merck & Company, Inc. (Whitehouse Station, NJ), have entered into a partnership focused on identifying cardiovascular disease biomarkers. Under the multi-million-dollar agreement, FoxHollow will provide atherosclerotic plaque samples collected from patients treated with its SilverHawk plaque excision system.
Alphatec Spine Inc. (Carlsbad, CA) has acquired all the assets of Cortek Inc. (Dedham, MA), a manufacturer of allografts and synthetic products for spinal interbody fusion. Alphatec produces spinal implants.
Abbott Vascular Devices (Redwood City, CA) received FDA approval this fall for its Xact carotid stent and Emboshield embolic protection system. Guidant Corp. (Indianapolis) received the FDA go-ahead to sell its carotid stent system in August 2004, and at least three other players are poised to enter this market.
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