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Covidien Acquires CV Ingenuity: Highlights Promise In Drug-Coated Balloons

In late December 2012, Covidien announced a definitive agreement to acquire drug-coated balloon company CV Ingenuity for an undisclosed amount. Covidien joins large cardiovascular device players such as Medtronic, which gained a drug-coated balloon when it acquired Invatec in 2010, and CR Bard, which has the lead in the US market as a result of its acquisition last year of Lutonix Inc. as well as a large number of DCB companies based in Europe.

In late December 2012, Medtronic Minimally Invasive Therapies announced a definitive agreement to acquire stealthy Fremont, CA-based drug-coated balloon (DCB) company CV Ingenuity Corp., for an undisclosed amount. [See Deal] Covidien joins large cardiovascular device players Medtronic PLC, which gained a drug-coated balloon when it acquired Invatec SPA in 2010 [See Deal] and CR Bard Inc., which has the lead in the US market as a result of its acquisition last year of Lutonix Inc. [See Deal] as well as a large number of DCB companies based in Europe.

While much of the interventional cardiology market remained under pressure in 2012, drug-coated balloons attracted considerable interest at interventional meetings last year. These balloon angioplasty catheters, like drug-eluting stents, deliver...

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