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Abbott secures global distribution rights

24 September 2009
A US-headquartered medical device developer has announced a strategic partnership with a Berkshire health care company.

Coherex Medical has entered into a multi-year distribution agreement with Maidstone-based Abbott UK to market, sell and dispense its FlatStent EF PFO Closure System, which has been designed to treat a heart defect found in 20 per cent of the world's population.

Financial terms of the agreement have not been released but Abbott has been given rights to sell the medical device in every country around the world, except for the US and Japan.

Richard Linder, President and Chief Executive of Coherex Medical, explained that the PFO closure could help improve the conditions of those suffering strokes and chronic migraines.

He said: "I am pleased Coherex is entering into this distribution agreement with Abbot. [Their] global reach and cardiovascular expertise are impressive."

Abbott focuses on a number of medical and scientific areas, including diagnostic systems, vascular devices, nutritional products and specialised therapies.ADNFCR-1584-ID-19377963-ADNFCR

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