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Profile: Merit Medical Systems Inc (MMSI.OQ)

MMSI.OQ on NASDAQ Stock Exchange Global Select Market

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24 Feb 2017
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Merit Medical Systems, Inc. (Merit), incorporated on July 28, 1987, is a designer, developer, manufacturer and marketer of medical devices used in an array of interventional and diagnostic procedures. The Company operates in two segments: cardiovascular and endoscopy. Its cardiovascular segment consists of cardiology and radiology devices, which assist in diagnosing and treating coronary arterial disease, peripheral vascular disease and other non-vascular diseases; embolotherapeutic products, and cardiac rhythm management and electrophysiology (CRM/EP) devices. Its endoscopy segment consists of gastroenterology and pulmonology medical devices, which assist in the palliative treatment of expanding esophageal, tracheobronchial and biliary strictures caused by malignant tumors. The Company's products are used in various clinical areas, such as diagnostic and interventional cardiology; interventional radiology; vascular, general and thoracic surgery; electrophysiology; cardiac rhythm management; interventional pulmonology; interventional nephrology; oncology; pain management; outpatient access centers; computed tomography; ultrasound, and interventional gastroenterology. The Company manufactures its products in plants located in the United States, Mexico, The Netherlands, Ireland, France and Brazil. The Company focuses in approximately three core areas, including peripheral intervention, cardiac intervention and endoscopy.

Peripheral Intervention

The Company manufactures and sells various products designed to alleviate patient suffering from peripheral vascular and non-vascular diseases. These technologies support minimally invasive treatment of disease in peripheral vessels and organs throughout the body excluding the heart. The Company's peripheral intervention business line is organized into product portfolio, which consists of Access, Angiography, Intervention, Embolotherapy and Interventional Oncology. The Company offers a range of devices used to gain and maintain vascular access. These devices include a line of Prelude sheath introducers and related products to provide clinicians with smooth, convenient, and less traumatic access to the patient's vasculature. The Company's newest Prelude product is the PreludeEASE Hydrophilic Sheath Introducer. The PreludeEASE is designed to provide access to the radial artery while minimizing the potential for spasm with a hydrophilic coating that extends to the tip of the sheath.

The Company markets a range of guide wires, inflation devices and diagnostic catheters for use in angiography procedures. The Company's diagnostic guide wires are used to traverse vascular anatomy and aid in placing catheters and other devices. The Company's pre-coated InQwire Diagnostic Guide Wires are lubricious and are available in a range of configurations to meet clinicians' diagnostic needs. The Merit Laureate Hydrophilic Guide Wire has a consistent, lubricious coating intended to promote rapid catheter exchanges and minimize friction. The Company's Peripheral Performa catheters designed to meet the growing trends of transradial access, which uses the wrist as the entry point for cardiac catheterization and peripheral procedures rather than the more traditional femoral artery approach. The Company offers diagnostic catheters for use during peripheral angiographic procedures. The Company's diagnostic catheters include Impress and the Performa lines of peripheral catheters. The Company offers the basixTOUCH Inflation Device for one-handed preparation and priming for faster preparation time. Additionally, the Company offers the BasixCompak Inflation Device and the Blue Diamond Digital Inflation Device featuring an angled gauge for better viewing.

The Company offers a range of interventional products, including drainage catheters and drainage access products, therapeutic products, support catheters, vascular retrieval devices and dialysis access products. The HeRO Graft is a subcutaneous vascular access system that is intended for use in maintaining long-term vascular access for chronic hemodialysis patients who have exhausted peripheral venous access sites suitable for fistulas or grafts. The CentrosFLO Long-Term Hemodialysis Catheters anchor its chronic dialysis line. The Company also offers the ProGuide Chronic Dialysis Catheter, a workhorse catheter for chronic dialysis. The Company offers peritoneal dialysis catheters and accessories as part of its dialysis access product line, including the Flex-Neck and ExxTended Peritoneal Dialysis Catheters, and Y-TEC Implantation Kits. The Prelude Short Sheath provides vascular access to dialysis grafts, along with its micro access devices, such as the MAK and S-MAK line of mini access kits. The Company also offers a range of guide wires, diagnostic catheters, therapeutic infusion systems and safety products that can be used during dialysis-related procedures. In addition, the Company offers the Impress Fistula Catheters, which can be used by interventional nephrologists. The Company's One-Step Drainage Catheter, Safety Paracentesis Procedure Tray (SPPT), and Thoracentesis and Paracentesis Set (TAPS) are designed to provide clinicians with convenient methods for removing fluid accumulation. The Valved One-Step Centesis Catheter and TAPS may also be used to remove excess fluid in the pleural space during a thoracentesis. It offers ReSolve Locking Drainage Catheter's.

The Company offers a range of catheter fixation devices, including the StayFIX Fixation Device and the Revolution Catheter Securement Device. The Company also provides a selection of accessories that complement its drainage catheters, including tubing sets and drainage bags. For non-vascular applications, the Company offers mini access kits (MAK-NV) designed for easy visualization and quick access into the drainage area. The Company's therapeutic thrombolytic infusion systems include the Fountain Infusion System and the Mistique Infusion Catheter. These catheters are used to treat thrombus, or blood clots, in the peripheral vessels of the body, including native dialysis fistula and synthetic grafts. The Company offers standard and low-profile ASAP Aspiration Catheters, giving clinician's two options for the safe and efficient removal of fresh, soft emboli and thrombi from the vessels of the arterial system. For crossing tight, difficult lesions, the Company markets its line of Merit SureCross Support Catheters. The Company's SureCross catheters offer trackability, pushability and visibility utilized by physicians to cross partial and total chronic occlusions in the peripheral arteries.

The Company's vascular retrieval devices are single-use products designed for foreign body manipulation and retrieval, and it can be used to retrieve inferior vena cava filters, reposition indwelling venous catheters, strip fibrin sheath formation, and assist in central venal access venipuncture. It also offers the One Snare Endovascular Snare System and EN Snare Endovascular Snare System. The Company offers embolic microspheres and embolic delivery systems to provide for the reduction of blood flow within target vessels and for the targeted occlusion of blood vessels with or without drug delivery in the treatment of primary and metastatic liver cancer. The Company offers Embosphere Microspheres to treat symptomatic uterine fibroids, hypervascularized tumors, and arteriovenous malformations in the United States, Europe, and several other international markets. Additionally, in certain markets outside of the United States, the Company offers Embosphere Microspheres to embolize the prostatic arteries for the relief of symptoms related to benign prostatic hyperplasia (BPH). The Company offers Bearing nsPVA Particles to treat symptomatic uterine fibroids, hypervascularized tumors, and arteriovenous malformations across the world.

Cardiac Intervention

The Company manufactures and sells various products designed to aid in the treatment of various cardiac conditions specific to interventional cardiology and electrophysiology, including cardiac rhythm management (CRM) and cardiac resychronization therapy (CRT). Think Radial is a global education program that provides clinicians with the tools needed to begin or further their transradial practice. The transradial practice uses the artery in the wrist as the entry point for either cardiac catheterization or peripheral procedures, rather than the more traditional femoral artery in the groin. The Think Interventional CRT training program showcases a new interventional approach to implanting left ventricle leads. The Company's Cardiac Intervention business line is organized into a range of product portfolios, which includes Access, Angiography, Hemostasis, Intervention, Custom Procedural Solutions and Electrophysiology. The Company offers a range of devices used to gain and maintain vascular access for cardiology procedures, including needles, scalpels, hemostasis devices, arm boards and sheath introducers. The Company offers Rad Board family of products for radial access procedures. The Rad Board is designed to provide x-ray protection and radiation protection to physicians, provide a larger work space for physicians and an area for patients to rest their arms during radial procedures.

For angiography procedures, the Company markets guide wires, fluid management and tubing, manifolds, syringes, transducers and diagnostic catheters. The Company offers the Performa line of diagnostic catheters for use in interventional cardiology procedures. Its MIV Radial Ventriculogram Pigtail Catheter addresses the difficulty in accessing the left ventricle from the radial artery when using standard femoral approach catheters. For hemostasis of the femoral artery, the Company offers the Safeguard Pressure Assisted Device and for hemostasis of the radial artery, it offers the Safeguard Radial. The Company has developed a range of clinically acclaimed hemostasis valves, MAP Merit Angioplasty Packs and angioplasty accessories. The Company's hemostasis valve line includes the Honor, PhD, AccessPLUS, Access-9, DoublePlay, MBA, PhD and the Passage.

The Company offers a range of specialty syringes, including color-coded Medallion Syringes and the VacLok Vacuum Pressure Syringe. Additionally, it offers an extensive line of kits containing fluid management products, such as syringes, manifolds, stopcocks, tubing, and disposable pressure transducers (Meritrans) for measurement of pressures within the vessels and chambers of the heart. The TRAM and TRAM-P Manifolds with Integral Transducers combine a low torque manifold with the transducer. The Company also provides devices, kits and procedure trays designed to manage fluids, contrast media and waste during angiography and interventional procedures. The Miser Contrast Management System complements its line of fluid management products used in angiography procedures. The basixTOUCH Inflation Syringe offers clinicians one-handed preparation and priming for faster preparation time. The Blue Diamond Digital Inflation Device features an angled gauge for better viewing. Additionally, its IntelliSystem and Monarch Inflation Devices, as well as the BasixCOMPAK Inflation Syringe, offer clinicians a range of features and prices. Its Concierge Guiding Catheters have an advanced braiding technology and polymer-blend shaft, which allow for an increased lumen size while maintaining exceptional backup support. For Angiography and Angioplasty procedures, the Company offers the Ostial PRO Stent Positioning System, a medical-grade disposable guide wire system designed to provide stent implantation in aorto-ostial lesions during coronary or peripheral interventional procedures. Additional angiographic accessories include the Flow Control Switch, an integrated, one-handed, single-channel switch designed with clinician and patient safety in mind.

The Company's custom procedural solutions (CPS) products consist of kits, packs and trays. Its ShortStop and ShortStop Advantage Temporary Sharps Holders address the potential safety issues associated with accidental needle sticks. Its line of color-coded Medallion Syringes and the PAL Pen and Label Medication Labeling System are designed to help minimize mix-ups in administering medication. The Company also offers waste management products to help avoid accidental exposure to contaminated fluids. These include its Occupational Safety and Health Administration (OSHA)-compliant waste disposal basins, such as the BackStop, BackStop+, MiniStop, MiniStop+ and DugOut. The Company's CRM products include the Classic Sheath Splittable Hemostatic Introducer System for the insertion of cardiac pacer leads for pacemakers and implantable cardioverter defibrillators. It also offers Prelude SNAP, a splittable, hemostatic sheath.

Endoscopy

The Company's Endotek division, Merit Endotek, integrates advanced non-vascular stent technology with balloon dilators, inflation devices, guide wires, procedure kits, and other devices used by gastroenterologists (GI), endoscopists, pulmonologists, and thoracic and general surgeons. Merit Endotek sells a range of non-vascular stents, including AERO and AERO DV Fully Covered Tracheobronchial Stents. These fully covered self-expanding nitinol stents are used by interventional pulmonologists and thoracic surgeons to treat strictures and fistulae in the airways, and to offer palliation to patients suffering from strictures caused by cancer. It also offers AEROmini fully covered bronchial stent. Merit Endotek's esophageal stents, the Alimaxx-ES and the EndoMAXX Fully Covered Esophageal Stents, are used by interventional gastroenterologists, otolaryngologists and thoracic surgeons to palliate symptoms associated with malignant tumors and strictures affecting the esophagus, as well as to treat concomitant tracheoesophageal fistulae. The EndoMAXX EVT is an esophageal stent with a reflux control valve.

Merit Endotek's biliary stent systems are marketed under the Alimaxx-B brand name. The Alimaxx-B is used by interventional gastroenterologists to palliate symptoms associated with malignant tumors affecting the bile duct. Merit Endotek's esophageal balloon dilator, the Elation Fixed Wire Balloon Dilator is intended for use in adult and adolescent populations to endoscopically dilate strictures of the esophagus. It can be paired with Merit Endotek's BIG60 Inflation Device. Merit Endotek also offers Endotek-labeled versions of the BasixCOMPAK and Monarch Inflation Device to customers in pulmonology, gastroenterology and thoracic surgery.

Specialty Procedure Products

The Company's digital inflation devices, the IntelliSystem, Monarch and Blue Diamond are used in discography, a technique used to determine whether a disc is the source of pain in patients with back or neck pain. The Company provides coating services for medical tubes and wires under OEM brands. The Company offers coated tubes and wires to customers on a spool or as further manufactured components, such as hypotubes, guide wire components, coated mandrels/stylets and coated needles. The Company's sensor division manufactures and sells microelectromechanical systems (MEMS) pressure sensor components focusing on piezoresistive pressure sensors in various forms, including bare silicon die, die mounted on ceramic substrates, and fully calibrated components for numerous applications.

The Company competes with Cardinal Health, Boston Scientific Corporation, Medtronic, St. Jude Medical, C.R. Bard, Abbott Laboratories, Teleflex, Cook Incorporated, Terumo Corporation, B. Braun, Olympus, Edwards Lifesciences, Argon Medical Devices, AngioDynamics, Medcomp, ICU Medical, BTG, plc, Cook Medical, Terumo International Systems and Pfizer Inc.

Company Address

Merit Medical Systems Inc

1600 W Merit Pkwy
SOUTH JORDAN   UT   84095-2416
P: +1801.2531600
F: +1801.2531652

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