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In Brief: Cordis/Biosense

This article was originally published in The Gray Sheet

Executive Summary

Cordis/Biosense: Johnson & Johnson's Cordis business would be merged with medical sensor technology firm Biosense under a definitive agreement announced Sept. 25. Privately held, Haifa, Israel-based Biosense is developing systems that use sensors to determine the exact location of medical instruments within the body to facilitate medical procedures. Cordis entered a product development agreement with the firm in mid-1995. The deal is anticipated to close in October. Terms are not being disclosed...
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