Hard Times Don't Stop TerumoHard Times Don't Stop Terumo

As many companies continue to downsize in Michigan, two subsidiaries of Japan-based Terumo Corp. are expanding in a town near Ann Arbor called Scio Township.

March 30, 2009

1 Min Read
MDDI logo in a gray background | MDDI

Terumo Cardiovascular Systems and Terumo Heart Inc. have created nearly 150 new jobs in the area last year and could be moving some of its manufacturing and R&D from California, according to the Detroit Free Press. Terumo Cardiovascular's heart-lung machines are made at its Scio facility. It currently has about 38% of its market and is aiming to reach 50% by 2012, according to Terumo Cardiovascular's president and CEO Mark Sutter. Sales are also anticipated to go up 10% for its fiscal year, which ends this month.Terumo Heart was started to develop and commercialize the DuraHeart left ventricular assist system. A U.S. clinical trial involving the device was started at the University of Michigan in Ann Arbor last summer and will be expanding to other sites.

Sign up for the QMED & MD+DI Daily newsletter.

You May Also Like