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January 5, 2016
Argon Medical Devices Acquires Three Technologies From Rex Medical
January 5, 2016—Argon Medical Devices, Inc. announced the completed acquisition of three vascular products from Rex Medical, LLC. The OptionElite retrievable inferior vena cava filter (IVC), the Cleaner rotational thrombectomy system, and the UltraStream chronic hemodialysis catheter are now wholly owned by Argon Medical Devices. Before this transaction, the products were licensed and distributed by Argon through an exclusive agreement with Rex Medical. The acquisition includes all associated intellectual property related to these products.
According to Argon Medical Devices, the OptionElite IVC filter has received US Food and Drug Administration (FDA) clearance for delivery via the popliteal vein, the same access site through which deep vein thrombosis (DVT) treatment is commonly initiated. The Cleaner is a wall-contacting rotational thrombectomy system that has FDA clearance for use in the peripheral vasculature, and may also be delivered via the popliteal vein to enable filter placement and DVT treatment through a single access site. The company noted that this technique eliminates significant procedural time compared to other techniques and reduces patient trauma.
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