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Stock Market & Financial Investment News

News Breaks
March 15, 2013
16:32 EDTVASCVascular Solutions issues recall of Guardian II, Guardian II NC valves
On February 28, Vascular Solutions Zerusa, a subsidiary of Vascular Solutions (VASC), initiated a nationwide recall of Guardian II and Guardian II NC hemostasis valves used in catheterization procedures. Specific lots of the products have been recalled because they pose a slightly increased risk of air leakage that may lead to an air embolism, which could result in serious injury or death. No injuries have been reported in association with this issue. The U.S. Food and Drug Administration classified this as a Class I recall. FDA defines Class I recalls as "a situation in which there is a reasonable probability that the use of or exposure to the violative product will cause serious adverse health consequences or death."
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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