MEDRAD, INC. (MEDRAD), a US-based diagnostic imaging company, has reported revenues of $600 million for the year 2008, an increase of 10%, compared with the revenues in the previous year.
2008 business highlights include the acquisition of Possis Medical.
“The Possis acquisition created the cornerstone of our vascular intervention strategy, and marks our renewed commitment to providing therapeutic solutions for improved patient care,” said MEDRAD president and chief executive officer John Friel. “We are not immune to the impact of a down economy, but there will always be a demand for improving patient outcomes with innovative, cost-efficient products.”
MEDRAD acquired Possis Medical in April 2008, pairing Possis’ leadership position in the thrombectomy market with MEDRAD’s cardiovascular products and worldwide infrastructure. Possis develops, manufactures and markets pioneering medical devices for the large and growing cardiovascular and vascular treatment markets. The company’s AngioJet® product is the world’s leading mechanical thrombectomy system, with FDA approval to remove large and small clots from coronary arteries, coronary bypass grafts, and peripheral arteries and veins. This segment of MEDRAD’s business is now known as MEDRAD Interventional/Possis.
MEDRAD also launched its Intego PET Infusion System in 2008. By automating and controlling Fluorodeoxyglucose (FDG) dosing and infusion, this innovative system minimizes the need to manually prepare and handle individual FDG doses, reducing potential radiation exposure to hospital personnel by more than 20 percent. Intego was named one of Medical Imaging Magazine’s top eight most innovative products of the year.
Encouraged by the successful results of its P3T Cardiac personalized patient protocol software, MEDRAD expanded its clinical applications to include the diagnosis of pulmonary embolism. Achieving a diagnostic CT image for pulmonary embolism, without limitations, helps hospital and emergency departments with efficiency, patient care and cost savings.
MEDRAD received some significant recognitions over the past year:
The Heilman Center plant was selected as the nation’s top manufacturing facility by the Association of Manufacturing Excellence
MEDRAD’s field service team was awarded the Service Leader of the Year Award at the 2008 national Field Service 2008 Conference
The XDS Extravasation Detector received a 2008 Medical Design Excellence Award® (MDEA). The XDS employs a technology that aids in the detection of leaking intravenous contrast media from the injection site into surrounding tissue during computed tomography (CT) diagnostic studies.
MEDRAD’s two newest facilities achieved LEED (Leadership in Energy and Environmental Design) certification for new construction from the U.S. Green Building Council. Certification is based on the number of credits received across several categories, including sustainable site development, water efficiency and energy efficiency.