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In Brief: Cordis/Biosense

This article was originally published in The Gray Sheet

Executive Summary

Cordis/Biosense: Firms enter agreement under which Miami, Florida-based Cordis gains exclusive worldwide marketing rights for electrophysiology, neuroradiology, and neuroendoscopy products based on Biosense's technology for "miniature high-resolution location detection of indwelling catheters and other medical devices," Cordis states. A system currently under development by privately held Biosense, designed to "locate in real-time and in three dimensions the precise position and orientation of catheters and other medical devices positioned within the body," is currently in clinical trials in Israel and Europe. The device could shorten procedure time from the current 4-5 hours to less than 2 hours, and "eliminate most of the fluoroscopy associated with electrophysiology mapping," the firm claims. An electrophysiology product incorporating Biosense's technology is expected to be released outside the U.S. by early 1996, Cordis says. Cordis will take a minority position in Biosense; other terms of the agreement were not disclosed...
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