Bard Acquires Hernia Repair Fixation System.MURRAY HILL, N.J. -- C. R. Bard C. R. Bard, Inc. (NYSE: BCR) is one of the large S&P 500 companies of the United States, a surgical specialties and hospital medical device manufacturer in Murray Hill, New Jersey. It is named after its founder, who sold the company within only a few years of its founding. , Inc. (NYSE NYSE See: New York Stock Exchange : BCR) today announced that it has acquired substantially all of the assets of Onux Medical, Inc., including the Salute(R) surgical fixation system. Onux is located in Hampton, New Hampshire Hampton is a town in Rockingham County, New Hampshire, USA. The population was 14,937 at the 2000 census. Located beside the Atlantic Ocean, Hampton is home to Hampton Beach State Park at Hampton Beach, a summer tourist destination. . Bard's Davol subsidiary, located in Cranston, Rhode Island Cranston, once known as Pawtuxet, is a city in Providence County, Rhode Island, United States. With a population of 79,269 as of the 2000 census, it is the third largest city in the state. The center of population of Rhode Island is located in Cranston [2]. , will market the product. Terms of the transaction were not disclosed. The Salute system is used to fixate To close. The term often refers to closing a track-at-once session on a CD-R disc. See disc fixation. prosthetic mesh in place during laparoscopic Laparoscopic A minimally-invasive surgical or diagnostic procedure that uses a flexible endoscope (laparoscope) to view and operate on structures in the abdomen. Mentioned in: Obstetrical Emergencies hernia repair procedures. Fixation is achieved using innovative, proprietary technology to form discrete stainless steel rings. There are approximately 350,000 laparoscopic hernia repair procedures performed annually around the world. The current global market for hernia fixation devices is estimated at $100 million, growing at a double-digit rate. Bard is the leader in the prosthetic mesh market for hernia repairs. Timothy M. Ring, chairman and chief executive officer, commented, "The Salute fixation system from Onux is a natural clinical complement to our successful line of hernia mesh products. It will further extend our technology leadership position as the full-line provider of hernia repair solutions. This transaction is indicative of our strategy to acquire early stage products and technologies in higher growth markets." C. R. Bard, Inc., (www.crbard.com) headquartered in Murray Hill, N.J., is a leading multinational developer, manufacturer, and marketer of innovative, life-enhancing medical technologies in the fields of vascular, urology, oncology, and surgical specialty products. |
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