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news.Micrus Endovascular and Genesis Medical Interventional have entered into an agreement granting Micrus the rights to Genesis's F A S T Funnel Catheter and clot retrieval system for the treatment of ischemic stroke.
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The transaction includes an initial upfront payment, future development milestone payments and an undisclosed royalty on potential future products sales. The Genesis F A S T Funnel Catheter System is a line of innovative medical devices comprised of a funnel deployed at the distal end of the catheter through which a physician can deploy a proprietary clot retrieval system with an umbrella or parachute-like device.
John Kilcoyne, chairman and CEO of Micrus, said: “The F A S T Funnel Catheter system is designed to quickly and easily facilitate the endovascular removal of blood clots and other obstructions while potentially eliminating the limitations inherent in other clot retrieval devices.”