ArtVentive Medical Group Inc. (OTC:AVTD) entered into a development and manufacturing agreement with North Barrington, Ill.-based Medical Murray Inc.
The San Marcos, Calif.-based endoluminal occlusion device-maker said the collaboration should reduce development time for its products.
According to ArtVentive president Jim Graham, the arrangement with Medical Murray will "significantly enhance" his company’s ability to more quickly commercialize it products while maintaining control of manufacturing, research and development.