Merit Medical Systems Inc. (MMSI) announced that it has received 510(k) clearance from the FDA for the Merit Laureate hydrophilic guide wire. The Merit Laureate guide wire is fabricated from a unique core nitinol wire, covered with a urethane jacket and coated with a proprietary process that produces a slippery surface. The project, which was code-named "The Irish Project" is scheduled for worldwide release in January 2010.
"This 510(k) clearance from the FDA is the culmination of three years of challenging research that we believe will position Merit as a major player in a $150-200 million hydrophilic guide wire market. Over the next several years, we believe this product will be able to produce approximately $30 million in sales with gross margins exceeding current company averages," said Fred Lampropoulos, Merit's Chairman and Chief Executive Officer.
For comments and feedback contact: editorial@rttnews.com
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.