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Micell Forges Strategic Agreement to Develop Advanced Drug-Eluting Stents and Balloons
Date:1/12/2009

tient monitoring systems, stents, catheters and other innovative products. In 2001, OCI acquired a 60 per cent stake in Advanced Micronic Devices (AMDL) to market and distribute its products in India. Mediaid came into existence with the acquisition of the patient monitoring division of Palco Labs, US, in end-2003 and it now markets OCI's products in the US markets directly. OCI acquired EuroCor GmbH in 2006. EuroCor manufactures Cardiac Stents of various types, including Drug Eluting Coronary stents used in critical cardiac care. In April 2007, OCI ventured into new product segments - Urology, Gastroenterology, Gynecology and Orthopedics - after acquiring Devon Innovations Private Limited (Bangalore) and Ormed Medical Technology Limited (Chennai). OCI completed the acquisition of US based Criticare Systems, Inc. in April 2008. Criticare designs, manufactures, and markets leading edge patient monitoring systems, vital signs monitors and gas benches for a wide range of hospitals and alternate health care environments throughout the world. Visit us at www.optoindia.com.

    Contact: Micell Technologies
    Arthur J. Benvenuto, Chairman & CEO
    (919) 313-2104


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