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QT Vascular revises deal with Cordis to sell its product in US

MEDICAL supplies group QT Vascular said on Friday it has signed an amendment to its distribution agreement with Cordis Corporation.

The revised deal allows QT Vascular to sell its Chocolate PTA balloon catheter to a select group of 88 healthcare providers in the United States with immediate effect.

Before this amendment, Cordis was the sole distributor of the balloon catheter in the US. This change supports the group's goal of increasing the adoption and use of Chocolate PTA in the US.

"The group expects the distribution relationship with Cordis to continue to be collaborative and productive," it said.

It shares closed 0.2 cent lower at S$0.093 on the stock market on Friday.