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Article: United States: NxStage, Asahi agree to licensing deal over dialyzers.
- Article from:
- TendersInfo
- Article date:
- May 23, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Dialysis product company NxStage Medical Inc. has entered into a strategic business alliance with Japan-based medical supply company, Asahi Kasei Kuraray Medical.
Asahi will provide Lawrence, Mass.-based NxStage (Nasdaq: NXTM) with $40 million of debt financing to pay off its entire $28 million debt obligation owed under its GE credit facility. In return, NxStage will grant Asahi a royalty-free license to its production technology to make and sell NxStage s current dialyzer design exclusively in Asia and nonexclusively in rest of world. NxStage retains all rights in North America. Dialyzers are disposable medical equipment used in home ...