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BARRX Medical, Inc. Announces Definitive Agreement to be Acquired by Covidien
Date:11/21/2011

and will broaden our presence in the global gastrointestinal market," said Bryan Hanson, Group President, Surgical Solutions.  "At the same time, patients will benefit from advances in RF technologies that will change the standard of care for esophageal diseases from invasive surgery to therapeutic intervention.   Covidien offers advantages to BARRX Medical that support its mission in long-term growth and value to patients.  We expect to leverage the BARRX technology and capabilities as a platform to accelerate global expansion."

"In today's healthcare environment, patients, physicians, payers and regulators demand that medical interventions be supported by a broad base of clinical evidence," said David S. Utley, M.D., Chief Medical Officer, BARRX Medical.  "A decade ago, BARRX recognized this need for an evidence-based approach for product and procedure development and, therefore, conducted a large number of clinical trials which have demonstrated the safety, efficacy, durability, and cost-utility of the HALO ablation system for treating Barrett's esophagus and esophageal squamous cell neoplasia."

About BARRX Medical, Inc.

BARRX Medical, Inc. develops endoscopic treatment solutions for Barrett's esophagus and other gastroenterological diseases such as esophageal squamous cell neoplasia, bleeding associated with radiation proctopathy, and bleeding associated with gastric antral vascular ectasia.  Barrett's esophagus is a precancerous condition of the lining of the esophagus (swallowing tube) caused by gastroesophageal reflux disease, or GERD, and can lead to esophageal adenocarcinoma.  Esophageal squamous cell neoplasia is the precursor to the most common type of esophageal cancer (squamous cell carcinoma), which results in over 400,000 deaths per year worldwide.  The company's HALO90, HALO90 ULTRA and HALO360+ ablation catheters, powered by the HALOFLEX ablation system, provide a uniform and con
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