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Jomed Stakes Out the US

By all accounts, the one piece missing from the puzzle for Jomed NV, the small European supplier making waves in the highly competitive field of interventional cardiology, has been a US presence. Thus, most industry observers saw the value in Jomed's merger with Endosonics as providing it with a US sales and marketing infrastructure.

By all accounts the one piece missing from the puzzle for Jomed NV , the small European supplier making waves in the highly competitive field of interventional cardiology, has been a US presence. Having successfully established itself in Europe and fresh on the heels of a well-received IPO, Jomed officials have known for years that they would, eventually, have to meet the companies it competes against in Europe, companies such as Guidant Corp. , Boston Scientific Corp. , and the Avecor Cardiovascular Inc. subsidiary of Medtronic Inc. , on their home turf. (See "Jomed's Rising Star," IN VIVO, April 1999 [A#1999800093.)

Thus, most industry observers saw the value of Jomed's deal for EndoSonics Corp. not in the latter's interventional ultrasound...

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