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Goodman to Exclusively Distribute Embolic Coils from Micrus Endovascular.

Tokyo, Japan, Mar 15, 2006 - (JCN) - Goodman, a Japanese company involved in the development, manufacture, and distribution of vascular interventional devices, will begin marketing embolic coils for treating cerebral aneurysms manufactured by US company Micrus Endovascular on April 1.

Micrus Endovascular received approval for the devices from the Pharmaceuticals and Medical Devices Agency (PMDA), an independent administrative agency, on March 1. The devices will be used in a coil embolization procedure for cerebral aneurysms.

In Japan, approximately 35,000 people undergo surgery for treatment of cerebral aneurysm each year. Of those surgeries, about 15% utilize coil embolization. Goodman aims to generate 2 billion yen (US $17.0 million) in sales in the first year and 5 billion yen (US $42.3 million) in the third year.

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Publication:JCNN News Summaries
Date:Mar 15, 2006
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