Japan's Goodman goes worldwide with Avantec move
This article was originally published in Clinica
Japanese catheter manufacturer and distributor Goodman Co says it will gain immediate access to a worldwide distribution network for its specialist catheters and stents with its $135 million offer to buy the remaining shares in California's Avantec Vascular. Significantly, the deal will also give the Nagoya company a position in the fast expanding drug-eluting stent market. Avantec is best known for its Apollo coronary dilation catheters and the Duraflex stent, which is currently awaiting approval in Japan.