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August 21, 2014
Covidien Acquires Reverse Medical
August 22, 2014—Covidien announced it has acquired Reverse Medical Corporation, maker of the MVP Micro Vascular Plug System and Uno Neurovascular Embolization System. Transaction details have not yet been disclosed.
Regarding the addition of Reverse Medical products to Covidien’s current portfolio, Brett Wall, President of Covidien’s Neurovascular division, was quoted in a company press release as saying, “The acquisition of Reverse Medical is complementary to our existing portfolio and will allow us to leverage existing vascular technologies to compete in the worldwide vascular embolization market, which is growing at a double digit rate.”
In addition to the MVP lines, Reverse also carries the ReVerse Microcatheter and the Barrel Vascular Reconstruction Device, which is described as a self-expandable bifurcation aneurysm bridging device. All of the devices are approved and available in Europe, and the MVP-3 and MVP-5 lines are 510(k) cleared in the United States.
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