Originally Published MX March/April 2006

MILESTONES

St. Jude Medical Inc. (St. Paul, MN) has completed its acquisition of privately held Savacor Inc. (Los Angeles). The acquisition, completed for an initial cash payment of $50 million and undisclosed milestone terms, complements St. Jude's development efforts in managing congestive heart failure. Savacor has heart failure diagnostic and therapy guidance products and technologies under development and in clinical evaluation, reports St. Jude.

As part of an ongoing restructuring process, Medical International Technology Inc. (Denver), which specializes in needle-free injectors for both humans and animals, is forming two divisions: a human medical technology division and an animal medical technology division. Concurrently, the company is proceeding with its acquisition of ScanView (Montreal), a manufacturer of portable ultrasound technology that also has animal and human applications.