Cardinal Health Signs Distribution Agreement with Biosensors to Expand Cordis' Cardiovascular Product Offering
HHM Global/Press releases/-Cardinal Health announced that it has entered into a distribution agreement with Biosensors that enables Cordis, Cardinal Health's interventional vascular business, to sell Biosensors' coronary stent portfolio. Cordis will sell Biosensors' coronary stents in select countries in Europe, the Middle East, Africa, Australia and New Zealand. This marks Cordis' return to the drug-eluting stent (DES) market and the beginning of a long-term partnership between Cardinal Health and Biosensors to further leverage their respective distribution capabilities in select regions.
Cordis will now offer an expanded portfolio of products in select countries to further support the treatment of patients undergoing percutaneous coronary intervention (PCI), from access to intervention and closure. PCI is a nonsurgical procedure that often uses a catheter to place a stent to open blocked coronary arteries caused by coronary artery disease. Coronary artery disease is the most common type of heart disease and is expected to continue to be the leading cause of death globally for the next 20 years.
"We are very excited about this DES agreement with Biosensors, because it represents our strong commitment to expand our product portfolio to support the demands in cardiovascular care today," said David Wilson, president of Cordis, a Cardinal Health company. "While Cordis is known for developing product innovations, partnerships like this provide an opportunity to rapidly expand our unmatched portfolio and deliver increased value to customers and the patients they serve."
In the next few months, Cordis will begin offering Biosensors' robust coronary stent portfolio, which includes the BioFreedom™ polymer-free drug-coated stent; the BioMatrix NeoFlex™ DES; BioMatrix Alpha™, a cobalt chromium DES with an abluminal bio-absorbable coating; and the Chroma™ cobalt chromium bare metal stent (BMS), in select European countries, Australia and New Zealand. Over time, Cordis will begin to sell these products under the LUMENO™* private label in select countries, and both companies will continue to leverage their respective distribution capabilities in additional European countries, the Middle East, Africa and other parts of the world.
Biosensors' DES with a bio-absorbable coating and the Biolimus A9™ drug are supported by multiple large-scale studies, including data from LEADERS, a prospective, randomized, multi-center clinical trial that demonstrated that the safety and efficacy of Biosensors' BioMatrix Flex™ stent is comparable to that of a durable polymer DES in a population of 1,707 patients across 10 European centers. Additionally, data published in the New England Journal of Medicine from LEADERS FREE — the world's first prospective, double-blind, randomized clinical trial exclusively focusing on patients at high-bleeding risk receiving only one month of dual anti-platelet therapy (DAPT) — demonstrated superiority with respect to the primary safety and efficacy endpoints for BioFreedom™ as compared to a BMS in patients undergoing PCI. The trial assessed the shortest course of DAPT ever used with an active stent. LEADERS FREE included 2,466 patients across 68 sites in 20 countries in Europe, Asia, Australia andCanada, with a follow-up phase of two years. Biosensors' coronary stents have not been approved by the U.S. Food & Drug Administration and are not commercially available in the U.S.
"I am proud of the role Cordis played in establishing the value of coronary stents many years ago. Today, with Cordis' strong legacy and understanding of the DES market and the business and operational expertise of Cardinal Health, we have established an unmatched, combined offering in the cardiovascular space," said Wilson.
About Cardinal Health
Cardinal Health, Inc a global health services and products company, brings scaled solutions that help our customers thrive in a changing world. We improve the cost-effectiveness of healthcare through solutions that improve the efficiency of the supply chain; optimize the process and performance of healthcare; provide clinically proven, daily use medical products and pharmaceuticals; and connect patients, providers, payers, pharmacists and manufacturers for seamless care coordination and better patient management. Backed by nearly 100 years of experience, we rank among the top 50 on the Fortune 500 and among the Fortune Global 100. We support our partners with more than 37,000 employees in nearly 60 countries worldwide. For more information, visit cardinalhealth.com
About Cordis Corporation
Cordis Corporation, a Cardinal Health company, is a worldwide leader in the development and manufacture of interventional vascular technology. Through the company's innovation, research and development, Cordis partners with experts worldwide to treat millions of patients who suffer from vascular disease. More information about Cordis Corporation can be found at www.cordis.com .
*LUMENO™ is a trademark of Cardinal Health. LUMENO™ products under private label are currently not commercially available and will be distributed by Cordis upon receipt of necessary Regulatory approvals.