Italian contrast media developer Bracco plans to expand its product line by acquiring contrast injector firm Acist Medical Systems of Eden Prairie, MN. The deal would give Bracco control of a company with a global installed base of more than 500 contrast injector systems, and a 50% share of the cardiology contrast injection market. Bracco currently owns 12% of Acist.
Acist was founded in 1991 and develops contrast injectors for diagnostic and interventional radiology, cardiology, and vascular surgery applications. The company posted sales of $9 million in 2000, and expects revenues of about $20 million this year. The acquisition is pending the approval of U.S. regulatory authorities.
If the purchase is approved, Bracco will become the third contrast manufacturer to own a contrast injection firm. Germany's Schering owns Medrad of Indianola, PA, while Mallinckrodt of St. Louis owns Liebel-Flarsheim, also of St. Louis.
By AuntMinnie.com staff writersJune 20, 2001
Related Reading
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Bracco adds to radiopharmaceutical portfolio, December 19, 2000
Bracco allies with pharmaceutical developer Dyax, November 6, 2000
FDA clears Acist contrast injector, June 5, 2000
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