Navigation Links
Volcano Achieves Major Milestone in Japan Direct Sales Initiative With Signing of Termination Agreement With Goodman
Date:7/8/2009

company to provide more focused service and support to the market.
  • It creates more favorable economics - including revenues, gross margin and operating income - on sales of Volcano products, as well as those of products under development and other distributed products, and enables the company to leverage its infrastructure in Japan.
  • It provides the ability for the company to direct its own sales and marketing initiatives, as well as new product launches.

  • The key financial aspects of the agreement include:

    • Volcano Japan has agreed to pay Goodman 350 million Japanese yen, plus five percent Japanese consumption tax (a total of approximately $3.9 million U.S.), between July 15 and August 31, 2009. Volcano Japan plans to allocate this entire amount to the purchase of IVUS consoles, and depreciate it over the next ten quarters.
    • Volcano Japan has agreed to repurchase from Goodman any remaining IVUS and FM disposables on August 31, 2009. While Volcano does not expect such repurchases to be financially material, to the extent there is a buyback of disposables, it is expected to occur in the third quarter and be treated as contra revenue.
    • Volcano has also agreed to pay Goodman commissions based on net receipts of Volcano Japan from the sale of products to customers transferred from Goodman to Volcano from July 1, 2009 to December 31, 2009. Volcano guarantees a minimum total commission of 310 million Japanese yen (approximately $3.3 million U.S.). The commissions will be expensed as they occur.

    "We want to express our appreciation to Goodman for their support over the past several years and their cooperation during this process. They have been a good partner and helpful in communicating this change to customers and they will continue to assist us with this transition. Bot
    '/>"/>

    SOURCE Volcano Corporation
    Copyright©2009 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5

    Related medicine news :

    1. Volcano Announces OCT Activities at EuroPCR 2009
    2. Volcano Corporation Presentation at JMP Conference to be Webcast
    3. Volcano Corporation Presentation at Bank of America/Merrill Lynch Conference to be Webcast
    4. Volcano Corporation Announces Webcast of February 25th Analyst Day
    5. Volcano Reports Full Year Revenues Increase 31 Percent
    6. Volcano Corporation Schedules Fourth Quarter Conference Call, Webcast
    7. Volcano Highlights Commitment, Market Acceptance of FFR Product Line
    8. Reminder: Volcano Corporation Schedules Conference Call, Webcast to Discuss Axsun Transaction
    9. Volcano Corporation Presentation at Piper Jaffray Conference to Be Webcast
    10. Volcano Reports 40 Percent Growth in Quarterly Revenues
    11. Volcano Corporation Announces the Relocation of Corporate Headquarters to San Diego
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:6/30/2015)... ... June 30, 2015 , ... Retail Management Solutions ... tradeshow, taking place July 29 to August 1. Retail Management Solutions will be ... is a four-day event for independent community pharmacies, where they receive practical ...
    (Date:6/30/2015)... ... June 30, 2015 , ... ... Post-Acute Rehab”. The video focuses on the rehab center’s patients and their experiences ... provides the best quality of services available. Each patient attests to the high ...
    (Date:6/30/2015)... CA (PRWEB) , ... June 30, 2015 , ... Broadway ... Nursing”, which features multiple patient and family member testimonials. Medicare rated the care center ... Broadway plans to use the video to give future patients a firsthand look at ...
    (Date:6/30/2015)... ... June 30, 2015 , ... The progress of more than ... now underway in the U.S. District Court, Eastern District of Louisiana, will be ... Court’s calendar, that conference has now been scheduled for July 9th, at 9:00 ...
    (Date:6/30/2015)... ... June 30, 2015 , ... Allied Anesthesia physicians ... Fullerton division volunteered to help provide free outpatient procedures to some of Orange ... St. Jude Medical Center. , The event was coordinated by AccessOC, which ...
    Breaking Medicine News(10 mins):Health News:Retail Management Solutions to Attend Amerisource's ThoughtSpot 2015 Conference and Trade Show 2Health News:Retail Management Solutions to Attend Amerisource's ThoughtSpot 2015 Conference and Trade Show 3Health News:Patients of University Post-Acute Rehab Support Five-Star Rating in New Video 2Health News:Broadway by the Sea Video Promotes Top Quality Service 2Health News:Progress of Federal Xarelto Lawsuits Pending in Multidistrict Litigation to Be Discussed During July 9th Status Conference 2Health News:Progress of Federal Xarelto Lawsuits Pending in Multidistrict Litigation to Be Discussed During July 9th Status Conference 3Health News:Allied Anesthesia Physicians Volunteer to Help Orange County’s Uninsured During Annual Super Surgery Saturday 2Health News:Allied Anesthesia Physicians Volunteer to Help Orange County’s Uninsured During Annual Super Surgery Saturday 3
    ... Sept. 11 Bangkok Hospital Group is working with IBM ... care services to provide smarter healthcare in Thailand. Delivering on ... medical services, Bangkok Hospital Group continues to invest in best-in-class ... http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO ) , , ...
    ... LIONVILLE, Pa., Sept. 11 West Pharmaceutical Services, Inc. (NYSE: ... Chairman and Chief Executive Officer, and William Federici, Chief Financial Officer, ... being held September 16-17, 2009 at the Omni Berkshire Place Hotel ... being held September 21-23, 2009 at the Grand Hyatt Hotel in ...
    ... , Project Lifesaver Accepts $890,000 For ... Lives of Individuals With Alzheimer,s Disease Who Wander , ... Project Lifesaver International, a non-profit organization that helps rescue citizens ... and other cognitive disorders, received notification of federal assistance yesterday. ...
    ... , , TERRE HAUTE, Ind., Sept. 11 ... one of the school,s environmental health sciences professors using the campus as ... is entering her second year at the school, is teaching the course ... The course challenges students to learn about various types of pathogens - ...
    ... to have conditions that complicate treatment, researchers say , ... appear more likely than whites to develop the most ... develop more severe complications from it, new research shows. ... (SLE), a chronic inflammatory disease that often affects the ...
    ... ... Sonnen to the position of Chief Operating Officer. She brings to the position more ... planning, business process review, performance management, organizational development, and quality assurance. , ... Columbus, OH (Vocus) September 11, ...
    Cached Medicine News:Health News:Bangkok Hospital Group and IBM Collaborate on Smarter Healthcare Initiative 2Health News:Bangkok Hospital Group and IBM Collaborate on Smarter Healthcare Initiative 3Health News:Bangkok Hospital Group and IBM Collaborate on Smarter Healthcare Initiative 4Health News:West to Present at Two Upcoming Investor Conferences 2Health News:Project Lifesaver International Receives Federal Assistance for the Missing Alzheimer's Patient Assistance Program 2Health News:Project Lifesaver International Receives Federal Assistance for the Missing Alzheimer's Patient Assistance Program 3Health News:Professor Uses H1N1 as a Teaching Tool 2Health News:Professor Uses H1N1 as a Teaching Tool 3Health News:Lupus Worse in Blacks, Hispanics Than in Whites, Study Finds 2Health News:CBCA Administrators, Inc. Promotes Cindy Sonnen to Chief Operating Officer 2
    (Date:6/30/2015)... June 30, 2015 Nortek Security & ... NTK ) and a leader in the residential ... announced it acquired mobile personal emergency response system ... Numera, Inc. Headquartered in ... implemented, mobile PERS products and cloud-based software platforms ...
    (Date:6/30/2015)... June 30, 2015  A new report released today ... to promote public education and training opportunities to reduce ... Annual rates of CPR and AED ... the United States even though ... survival. The American Red Cross strongly supports the IOM,s ...
    (Date:6/30/2015)... Pulse Light Clinic in London,s ... part of their ongoing research into the condition. They wanted ... Rosacea. The survey participants were aged between 20 and 60 ... The results revealed some rather surprising statistics: ... to visit their GP for Rosacea treatment. The ...
    Breaking Medicine Technology:Nortek Security & Control Acquires Health and Wellness Technology Business from Numera 2Nortek Security & Control Acquires Health and Wellness Technology Business from Numera 3Nortek Security & Control Acquires Health and Wellness Technology Business from Numera 4New Recommendations in Cardiac Arrest Protocol Advocate for Increased CPR and AED Training to Improve U.S. Survival Rates 2New Recommendations in Cardiac Arrest Protocol Advocate for Increased CPR and AED Training to Improve U.S. Survival Rates 3New Recommendations in Cardiac Arrest Protocol Advocate for Increased CPR and AED Training to Improve U.S. Survival Rates 484% of Rosacea Sufferers Say NHS Treatments Were "Ineffective" New Survey Reveals 284% of Rosacea Sufferers Say NHS Treatments Were "Ineffective" New Survey Reveals 3
    ... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
    ... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
    ... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
    ... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
    Medicine Products: