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ArgoMed

This article was originally published in The Gray Sheet

Executive Summary

Convertible line of credit supplied via strategic alliance with Quintiles Transnational will be used to establish a sales force for a full-scale U.S. launch of ArgoMed's Thermoflex system for benign prostatic hyperplasia, ArgoMed announces May 2. The heated water therapy system gained 510(k) clearance in August 1999, but a full-scale launch was delayed pending suitable distribution arrangements (1"The Gray Sheet" Oct. 11, 1999, p. 20). A separate agreement with Timm Medical Technologies, announced May 3, will provide exclusive North American distribution rights for direct marketing to urologists offices
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