Terumo Branches out in Endovascular Devices
Executive Summary
Terumo's business to date has been mostly cardiovascular, with a growing US and European business in devices for peripheral vascular disease. But with aspirations to become a truly global player, Terumo officials know they have to expand and round out their product line. The acquisition this month of Orange County, CA-based MicroVention Inc. is an important step in that direction, giving the Japanese giant a foothold in the one vascular business it doesn't have a significant stake in: interventional neuroradiology.