Cordis Corp., part of the Johnson & Johnson (JNJ) announced the completion of the acquisition of Flexible Stenting Solutions, Inc., a developer of innovative flexible peripheral arterial, venous and biliary stents. Terms of the acquisition were not disclosed.
Currently, Cordis markets the S.M.A.R.T. Vascular Stent worldwide. The addition of Flexible Stenting Solutions' FlexStent Self Expanding Stent System provides Cordis with the opportunity to evolve the S.M.A.R.T. Stent platform to address unmet needs in the treatment of peripheral artery disease or PAD.
The company said it also extends the its potential to expand therapeutic applications into below-the-knee and venous interventions. An estimated 27 million people in Europe and North America alone suffer from PAD.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.