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Covidien Sells One Peripheral Device While Touting Data On Another

Covidien announced it is selling its Stellarex drug-coated angioplasty balloon platform to Spectranetics for $30 million ahead of its merger with Medtronic, which makes the IN.PACT Admiral drug-coated balloon. But the company still plans to bring a significant peripheral vascular device portfolio along with it when it joins Medtronic.

Medtronic Minimally Invasive Therapies remains optimistic about its peripheral vascular device business even as it sells its Stellarex drug-coated peripheral angioplasty balloon to Spectranetics Corp. in anticipation of its merger with Medtronic PLC

“I think under the new company, this is going to be a powerhouse in peripheral vascular,” Covidien CEO José Almeida said Nov. 5 during the company’s fiscal fourth-quarter 2014 earnings...

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