By Thomas Lee
PLYMOUTH, Minnesota – Lumen Biomedical Inc. sold one of its two clot-removing devices to boost its balance sheet as it struggles to stay afloat in a tough economy.
Volcano Corp. (NSDQ:VOLC), a San Diego-based medical device manufacturer, purchased Lumen’s Xtract thrombus aspiration catheter for an undisclosed amount. Volcano had been Xtract’s exclusive global distributor since May 2009.