MEDAMICUS, INC. AND MEDTRONIC, INC.
MINNEAPOLIS, April 22 /PRNewswire/ -- MedAmicus, Inc. (NASDAQ: MEDM) today announced that the company signed an agreement with Medtronic, Inc. (NYSE: MDT) calling for MedAmicus and Medtronic to co-develop a new vascular access product and upon completion of the development phase, for MedAmicus to manufacture and Medtronic to market the product. Medtronic currently markets the company's proprietary vessel introducer. Shipments under the contract are expected to commence in the fourth quarter of 1993. When fully implemented, the contract should result in additional sales for MedAmicus in excess of $1,000,000 annually. MedAmicus, Inc. is a Plymouth, Minn. based medical products company engaged in the design, development, manufacture and marketing of disposable vascular access and pressure monitoring devices. -0- 4/22/93 /CONTACT: Jim Hartman of MedAmicus, Inc., 612-559-2613/ (MDT MEDM)
CO: MedAmicus, Inc.; Medtronic, Inc. ST: Minnesota IN: MTC SU: JVN
MA -- MN015 -- 9474 04/22/93 12:46 EDT
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|Date:||Apr 22, 1993|
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