Healthcare Industry News:  Balloon catheter 

Devices Distribution Interventional Cardiology

 News Release - June 28, 2006

Cordis Corporation and ClearStream Technologies Group, plc, Sign Distribution Agreement for New Balloon Dilation Catheter

Agreement Expands Portfolio of Products Used by Interventional Cardiologists

MIAMI, June 28 (HSMN NewsFeed) -- Cordis Corporation and ClearStream Technologies Group, plc, announced today that the two companies have signed a definitive agreement whereby Cordis will distribute ClearStream's most advanced percutaneous transluminal coronary angioplasty (PTCA) Balloon catheter, which Cordis will market under the name CRESCENDO(TM) PTCA Balloon Dilation Catheter. The companies expect the CRESCENDO(TM) Balloon will be commercially available by the end of third quarter of this year. It will be available in all countries except the United States, Japan and Canada.

"The addition of the CRESCENDO(TM) Balloon to our current line of products used by interventional cardiologists adds even more to the depth of our innovative portfolio," said Rick Anderson, Company Group Chairman, Johnson & Johnson and Worldwide Franchise Chairman, Cordis Corporation. "This agreement extends our commitment to physicians and the millions of people they treat with coronary artery disease."

The CRESCENDO(TM) Balloon will feature an atraumatic flexible soft tip, which is designed to allow for ease of use and increased safety. With its unique design, the CRESCENDO(TM) Balloon also enhances guidewire trackability and reduces the risk of vessel injury.

"We are pleased to announce this distribution agreement with Cordis Corporation to provide interventional cardiologists with the tools they need every day in the treatment of the millions of patients around the world with coronary artery disease," said Andrew Jones, Chief Executive Officer, ClearStream Technologies Group, plc.

About ClearStream Technologies

ClearStream Technologies Group plc, based in Enniscorthy, Co Wexford, Ireland, is an innovative maker of medical devices used in interventional cardiology, including catheters and stents. Its products are sold under ClearStream's own brands and are also supplied to Original Equipment Manufacturers. The company is listed on the AIM market of the London Stock Exchange.

About Cordis Corporation

Cordis Corporation, a Johnson & Johnson company, is a worldwide leader in developing and manufacturing interventional vascular technology. Through the company's innovation, research and development, physicians worldwide are better able to treat the millions of patients who suffer from vascular disease.

Source: Cordis

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