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Court Enters Order Under Which Vascular Solutions Will Cease Manufacture, Sales and Distribution of R-Band SOMERSET, N.J., May 21, 2013 /PRNewswire/ -- Terumo Medical Corporation (Terumo), today announced that it was pleased with the U.S. District Court for the District of New Jersey's Order approving an agreement of the parties under which Vascular Solutions Inc. will cease further manufacture, sales, and distribution of its R-Band(TM) Radial Hemostasis Device, pending litigation of...

SOMERSET, N.J., Feb. 19, 2013 /PRNewswire/ -- Terumo Medical Corporation (Terumo), today announced that it has filed a patent infringement lawsuit against Vascular Solutions Inc. and Lepu Medical Technology (Beijing) Co., Ltd in the U.S. District Court of New Jersey. The complaint alleges that R Band(TM) Radial Hemostasis Device distributed by Vascular Solutions and manufactured by Lepu Medical Technology infringes on a patent and trademark, which Terumo Medical Corporation holds...

SOMERSET, N.J., July 11, 2012 /PRNewswire/ -- Terumo Interventional Systems, a strategic business unit of Terumo Medical Corporation, a U.S. subsidiary of Terumo Corporation, today announced the completion of U.S. patient enrollment in the Occlusive/Stenotic Peripheral Artery REvascularization StudY (OSPREY) designed to evaluate the safety and effectiveness of the MISAGO(TM) Self-expanding Stent System. OSPREY is a single-arm, multi-center, non-randomized prospective clinical trial...

SOMERSET, N.J., Sept. 29, 2011 /PRNewswire/ -- Terumo Americas Holdings, Inc., a U.S. subsidiary of Terumo Corporation, today celebrates the 90th anniversary of Terumo Corporation's founding in 1921. Terumo Corporation is one of the world's leading medical device manufacturers with $4 billion in annual sales and operations in more than 160 countries. In August, Forbes magazine ranked Terumo Corporation 14th of the top 100 global companies on its "World's Most Innovative Companies" list....

U.S. markets turned lower for the second consecutive day Friday after the Labor Department said unemployment rose in September to 9.8 percent.The department said 263,000 jobs were lost in the month. The report was issued the day after the Dow Jones industrial average lost 203 points on a spate of shaky government reports.The Commerce Department reported a spike in consumer spending prompted by a federal rebate program for car buyers. With the program concluded, automakers said vehicle sales...

U.S. markets turned sharply lower at the opening bell Thursday after closing out the third quarter in the previous session with encouraging returns. The third quarter ended with the Dow Jones industrial average up 15 percent from three months ago, the best quarter in 11 years. The Standard & Poor's 500 also gained 15 percent in the past 3 months. But a slew of government reports shook investors Thursday. The Commerce Department said consumer spending spiked in August thanks to the cash...

U.S. markets turned sharply lower at the opening bell Thursday after closing out the third quarter in the previous session with encouraging returns. The third quarter ended with the Dow Jones industrial average up 15 percent from three months ago, the best quarter in 11 years. The Standard & Poor's 500 also gained 15 percent in the past 3 months. The DJIA is finding the 10,000-point barrier elusive, however. The index closed above 9,840 points on Sept. 23, the closest it has come to a...

U.S. markets were mixed Friday morning as Group of 20 world leaders met for the second day of an economic summit in Pittsburgh. President Barack Obama is scheduled to announce the G20 nations had superseded the longer-standing Group of 8 on economic issues. But Peter Morici, a former chief economist with the U.S. International Trade Commission said the announcement is not Earth shattering. It merely recognizes reality, he said. In midmorning trading, the Dow Jones industrial gained 20.03...

U.S. markets closed slightly lower Friday, a day after U.S. Treasury Secretary Timothy Geithner said the economy was presumed to be growing. The consensus among private forecasters is that our economy is now growing; the financial system is showing signs of repair ... It is clear we have stepped back from the brink, Geithner told members of the Congressional Oversight Panel monitoring the financial recovery effort. By close, the Dow Jones industrial average lost 0.23 percent or 22.07 points,...

U.S. markets wobbled up and down Friday, a day after U.S. Treasury Secretary Timothy Geithner said the economy was presumed to be growing. The consensus among private forecasters is that our economy is now growing; the financial system is showing signs of repair ... It is clear we have stepped back from the brink, Geithner told members of the Congressional Oversight Panel monitoring the financial recovery effort. In early afternoon trading, the Dow Jones industrial average dropped early...