Under the terms of the agreement, OakRiver has licensed the coating process know-how and other intellectual property of SurModics and will build highly automated equipment for medical device customers.
One OakRiver equipment platform is optimized for coating medical devices utilizing SurModics’s PhotoLink coating technologies, and is ideal for coating catheters, guide wires, pacing leads and other similar medical devices. A second OakRiver equipment platform is optimized for SurModics’s drug delivery polymer systems. SurModics and OakRiver will jointly market the coating equipment to medical device customers.