Saturday, September 19, 2015

QT Vascular revises distribution deal with Cordis to sell product in US

Medical supplies firm QT Vascular has signed an amendment to its distribution agreement with Cordis Corporation.

The revised deal allows QT Vascular to sell its Chocolate PTA balloon catheter to a select group of 88 healthcare providers in the United States with immediate effect, it says.

Before this amendment, Cordis was the sole distributor of the balloon catheter in the US. This change supports the group's goal of increasing the adoption and use of Chocolate PTA in the US.

"The group expects the distribution relationship with Cordis to continue to be collaborative and productive," QT Vascular says.

The counter closed 0.2 cent lower at 93 cents.

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