Volcano To Buy Pioneer Plus Diagnostic Ultrasound Transducer From Medtronic

(RTTNews) - Volcano Corp. (VOLC), a maker of precision guided therapy tools, Monday agreed to acquire the Pioneer Plus diagnostic ultrasound transducer and percutaneous catheter from Medtronic Inc. (MDT).

The deal is structured as an asset purchase and is expected to close by the end of August, the company said.

The Pioneer Plus "re-entry" catheter, which has regulatory clearance in the U.S and Europe as well as other geographies, is an interventional medical device designed to enable the crossing of sub-total, total and chronic total occlusions (CTOs) within the peripheral vasculature, potentially eliminating the need for surgery.