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MEDRAD(R) Revenues Grow 10 Percent in 2008
Date:3/26/2009

Highlights Include Possis Acquisition and Patient Care Innovations

WARRENDALE, Pa., March 26 /PRNewswire/ -- MEDRAD, INC.'s revenues grew to over $600 million in 2008, an increase of more than 10 percent over the previous year (excluding the effect of the Possis Medical, Inc. acquisition). A worldwide leading provider of diagnostic imaging and therapeutic medical devices, MEDRAD has achieved a double-digit annual revenue growth for over 10 years.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040309/MEDRADLOGO )

2008 business highlights include the acquisition of Possis Medical, award-winning product innovations and LEED certification for two new buildings.

"The Possis acquisition created the cornerstone of our vascular intervention strategy, and marks our renewed commitment to providing therapeutic solutions for improved patient care," said MEDRAD President and CEO John Friel. "We are not immune to the impact of a down economy, but there will always be a demand for improving patient outcomes with innovative, cost-efficient products."

MEDRAD acquired Possis Medical in April 2008, pairing Possis' leadership position in the thrombectomy market with MEDRAD's cardiovascular products and worldwide infrastructure. Possis develops, manufactures and markets pioneering medical devices for the large and growing cardiovascular and vascular treatment markets. The company's AngioJet(R) product is the world's leading mechanical thrombectomy system, with FDA approval to remove large and small clots from coronary arteries, coronary bypass grafts, and peripheral arteries and veins. This segment of MEDRAD's business is now known as MEDRAD Interventional/Possis.

MEDRAD also launched its Intego(TM) PET Infusion System in 2008. By automating and controlling Fluorodeoxyglucose (FDG) dosing and inf
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SOURCE MEDRAD, INC.
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