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Stock Market & Financial Investment News

News Breaks
November 12, 2012
09:10 EDTVASCVascular Solutions marks 10,000 successfully reprocessed ClosureFAST catheters
Vascular Solutions announced that more than 10,000 ClosureFAST vein ablation catheters have been reprocessed by its reprocessing partner, Northeast Scientific, since Vascular Solutions launched the reprocessing service on Jan. 16, 2012. Vascular Solutions expects the ClosureFAST reprocessing service to generate approximately $4M in revenue during 2012.
News For VASC From The Last 14 Days
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January 28, 2015
08:21 EDTVASCVascular Solutions to purchase additional manufacturing facility for $2.7M
Vascular Solutions announced that it has entered into an agreement to acquire a 26,000-square-foot building located at 6420 Sycamore Court North in Maple Grove, Minnesota. The purchase price will be $2.7M and funded with existing cash. The closing is expected to take place in early March, subject to customary closing conditions. The building is located across the street from Vascular Solutions' existing manufacturing facility and headquarters building. The newly-acquired facility will be used initially for the company's component manufacturing operations, with future use planned for the commercial scale production of freeze-dried plasma which is being developed in collaboration with the United States Army. Upon closing of the acquisition, Vascular Solutions intends to occupy approximately 17,500 square feet of the building, with an existing tenant expected to continue to occupy the remaining 8,500 square feet.

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