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NAMIC U.S.A. CORPORATION (NUSA) ACQUIRES ASSETS OF SHERWOOD MEDICAL'S ANGIOGRAPHIC CATHETER PRODUCT LINE

 GLENS FALLS, N.Y., Jan. 27 /PRNewswire/ -- On December 18, 1992, NAMIC U.S.A. Corporation (NASDAQ: NUSA) acquired certain assets associated with Sherwood Medical Company's angiographic catheter product line. The assets include manufacturing equipment, product and method patents, and proprietary technology developed by Sherwood and previously used by Sherwood in manufacture and marketing of its "French 5" line of angiographic catheters. The assets were acquired by NAMIC for $1.75 million in cash.
 NAMIC will use equipment purchased from Sherwood to increase production capacity for the SELECTOR Angiographic Catheter line at NAMIC'S Aguadilla, Puerto Rico Catheter manufacturing plant. The plant and SELECTOR product line were acquired as part of NAMIC'S May 1992 acquisition of Novoste Puerto Rico Inc., now known as NAMIC Caribe, Inc. NAMIC plans to introduce several new products protected by the patents purchased from Sherwood, and to use the patents to further strengthen the intellectual property rights it acquired with Novoste.
 -0- 1/28/93
 /CONTACT: Jeanne Wehnau, investor relations coordinator of NAMIC U.S.A. Corporation, 518-798-0067/
 (NUSA)


CO: NAMIC U.S.A. Corporation ST: New York IN: MTC SU: ERN

LC -- CL023 -- 0456 01/28/93 16:36 EST
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Publication:PR Newswire
Date:Jan 28, 1993
Words:195
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