Profile: Merit Medical Systems Inc (MMSI.OQ)
26 May 2017
Merit Medical Systems, Inc., incorporated on July 28, 1987, is a manufacturer and marketer of disposable medical devices used in a range of interventional, diagnostic and therapeutic medical procedures. The Company operates in two segments: cardiovascular and endoscopy. The 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, and includes embolotherapeutic, cardiac rhythm management (CRM), electrophysiology (EP), and interventional oncology and spine 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; cardiac rhythm management; interventional pulmonology; interventional nephrology; interventional 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. Within its segments, the Company offers products focused in four product groups: peripheral intervention, cardiac intervention, interventional oncology and spine, and endoscopy.
The Company's interventional radiology and other special procedure labs perform a range of invasive diagnostic and interventional procedures. Its digital inflation devices, the IntelliSystem, Monarch and Blue Diamond are used in discography. The Company provides coating services for medical tubes and wires under original equipment manufacturer (OEM) brands. The Company also 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. Its Merit Hypotube is used as the catheter shaft in percutaneous transluminal coronary angioplasty and percutaneous transluminal angioplasty balloon catheters, as well as functional guide wires. The Company's sensor division manufactures and sells microelectromechanical systems sensor components consisting of piezoresistive pressure sensors in various forms, including bare silicon die, die mounted on ceramic substrates, and fully calibrated components for various applications both inside and outside the healthcare industry.
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 product line is organized into product portfolios, which consist of Access, Angiography, Intervention, Drainage and Biopsy, and Complete Procedural Solutions. The Company offers a range of devices used to gain and maintain vascular access. These products include access systems such as the micropuncture family kits consisting of the pedal access kit (PAK), the mini access kit (MAK) and the stiff MAK (S-MAK). 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.
The Company markets a range of diagnostic and hydrophilic guide wires for use in for use in angiography procedures. The Company's diagnostic guide wires are used to traverse vascular anatomy, and aid in placing catheters and therapeutic devices to their target location. The Company's pre-coated InQwire Diagnostic Guide Wires are lubricious and are available in a range of configurations to meet clinicians' diagnostic needs. It also offers Merit Laureate Hydrophilic Guide Wire. The Performa and Impress Diagnostic Catheter product lines are designed to provide solutions for traversing difficult peripheral vasculature during angiographic procedures. These catheters work in tandem with its guide wires to aid in the diagnosis of peripheral artery disease and can be used to facilitate transradial access. The Company offers the basixTOUCH Inflation Device for one-handed preparation and priming. Additionally, the Company offers the BasixCompak Inflation Device and the Blue Diamond Digital inflation device featuring an angled gauge. The Company also offers Surfacer Inside-Out Access Catheter System. The Surfacer system is an inside-out approach to restore access to the right internal jugular vein and to preserve treatment options in hemodialysis patients with occluded veins. The Company's Hemodialysis Reliable Outflow (HeRO) graft is a fully subcutaneous vascular access system intended for use in maintaining long-term vascular access for chronic hemodialysis patients having failing fistulas, grafts or are catheter dependent due to a central venous blockage. It also offers dialysis devices, such as HeRO Adapter, HeRO Ally revision kit, CentrosFLO Long-Term Hemodialysis catheters and ProGuide Chronic Dialysis catheter.
The Company offers various products to treat blood clots that obstruct the flow of blood in arteries and veins. Its include Fountain infusion systems include the Fountain Infusion System and the Mistique Infusion Catheter. It also offers ASAP aspiration catheters, Merit SureCross support catheters and EN Snare endovascular snare system. The Company's Advocate Peripheral Angioplasty Balloon product line is intended for balloon dilation or percutaneous transluminal angioplasty of the iliac, femoral, popliteal, infra-popliteal and renal arteries. The Company's drainage and biopsy portfolio include One-Step drainage catheter, Safety Paracentesis Procedure Tray, and Thoracentesis and Paracentesis, which are designed to provide clinicians with various methods for removing unwanted fluid accumulation. The Valved One-Step Centesis catheters are designed with an integrated self-sealing valve to minimize the risk of air entering the pleural space, and to prevent fluid leakage during thoracentesis and paracentesis procedures. Its ReSolve Locking drainage catheter offers locking mechanism. It offers a range of catheter fixation devices, including the StayFIX fixation device and the Revolution catheter securement device. The Company's CorVocet biopsy system is designed to cut full-core of tissue, providing large specimens for pathological examination. It also offers pre-arranged kits, trays and packs, including Vein Closure Tray and Merit Disposal Depot.
The Company manufactures and sells a range of products designed to aid in the treatment of various cardiac conditions specific to interventional cardiology and electrophysiology, including CRM and lead management. The Company also offers devices used to gain and maintain vascular access for cardiology procedures, including needles, scalpels, hemostasis devices, arm boards and sheath introducers. Its Prelude Sheath introducers are designed to provide clinicians with an access to the patient's vasculature. The PreludeEASE hydrophilic sheath introducer provides 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's Rad Board is designed to provide x-ray protection and radiation protection to physicians.
The Company offers guide wires, fluid management and tubing, manifolds, syringes, transducers and diagnostic catheters for angiography procedures. It offers the Performa line of diagnostic catheters for these procedures. It offers MIV radial ventriculogram pigtail catheter. The Company's cardiac hemostasis products assist clinicians in obtaining and maintaining hemostasis following arterial catheterization by either approach. Its products include Safeguard pressure assisted device, PreludeSYNC and Safeguard Radial device. The Company also offers hemostasis valves, including Honor, PhD, AccessPLUS, Access-9, DoublePlay, MBA, PhD and the Passage. The Company's cardiac intervention products include Medallion syringes, VacLok vacuum pressure syringe, Meritrans, TRAM, TRAM-P, Miser Contrast Management System, Blue Diamond digital inflation device, BasixCOMPAK inflation syringe, Concierge guiding catheters, Ostial PRO stent positioning system, Flow Control Switch, ShortStop, ShortStop Advantage temporary sharps holders, BackStop, BackStop+, MiniStop, MiniStop+ and DugOut. The Company's EP products include Prelude SNAP hydrophilic sheath, HeartSpan transseptal needle, HeartSpan transseptal sheath and HeartSpan steerable sheath introducer.
Interventional Oncology and Spine
The Company's Interventional Oncology and Spine product group includes products in five portfolios: vertebral compression fractures (VCF), ablation, oncology, embolotherapy, and delivery systems. Through StabiliT system, physicians treat VCFs by inserting small instruments through the skin into the fractured vertebra. Bone cement is injected through a hollow needle into the fractured bone. Its StabiliT system is a treatment system, and includes access instruments, osteotomes, introducers, bone cement and corresponding mixing and delivery systems. The Company's Ablation portfolio includes STAR tumor ablation system to treat cancer patients for the palliative treatment of painful metastatic tumors. The STAR system includes ablation instruments, introducers, osteotomes and MetaSTAR radio frequency (RF) generator. The Company's oncology products include QuadraSphere microspheres, which is for the treatment of hypervascularized tumors, including hepatoma and arteriovenous malformations. Malignant hepatoma, and HepaSphere microspheres, which is for delivery of chemotherapy drugs in the treatment of primary and metastatic liver cancer. The Company also offers Embosphere microspheres to treat hypervascularized tumors, including symptomatic uterine fibroids, and arteriovenous malformations in the United States, Europe and other international markets. It offers Bearing nsPVA for the treatment of hypervascularized tumors, including symptomatic uterine fibroids and vascular malformations. It also manufactures a range of microcatheters, including SwiftNINJA and Merit Maestro.
The Company's endoscopy division, Merit Endotek, integrates non-vascular stent technology with balloon dilators, inflation devices, guide wires, procedure kits, and other devices that are used by endoscopists in interventional gastroenterology and interventional pulmonology, and thoracic and general surgeons. Merit Endotek sells a range of non-vascular stents, including AERO and AERO DV fully covered tracheobronchial stents. These 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. Merit Endotek's esophageal stents, the Alimaxx-ES and the EndoMAXX fully covered esophageal stents, are used by interventional gastroenterologists, otolaryngologists and thoracic surgeons. Alimaxx-B stent systems are used by interventional gastroenterologists to palliate symptoms associated with malignant tumors strictures affecting the esophagus, as well as to treat concomitant tracheoesophageal fistulae. The Company offers Elation fixed wire dilator, which is an esophageal balloon dilator. Merit Endotek's BIG60 inflation device is a 60-milliliter device designed to inflate and deflate non-vascular balloon dilators, while monitoring and displaying inflation pressures up to 12 atmospheres. MAXXWIRE guide wire, is line a specialty guide wires that have pulmonology and gastroenterology applications. For endoscopy and bronchoscopy procedures, the Company offers a range of kits and accessories, including the AEROSIZER tracheobronchial stent sizing device, the Brighton bi-polar probe, the BiliQUICK cholangiography rapid refill continuous injection kit, TIO, three-in-One combination oral airway, bite block and oxygen administration device, Vaclok negative pressure syringe, and the convenient bronchoalveolar lavage (BAL) Convenience Kit.
The Company competes with Cordis Corporation, Boston Scientific Corporation, Medtronic, C.R. Bard, Abbott Teleflex, Cook Incorporated, Terumo Corporation, Vascular Solutions, B. Braun, Olympus Medical, Edwards Lifesciences, Argon Medical Devices, CONMED, AngioDynamics, Medcomp, ICU Medical, Medtronic, Stryker, BTG plc, Boston Scientific, Inc and Pfizer Inc.
Merit Medical Systems Inc
1600 W Merit Pkwy
SOUTH JORDAN UT 84095-2416