Medtronic Inc. (MDT), Abbott Laboratories (ABT) and Johnson & Johnson's Cordis unit - all confirmed that their companies are participating with the Cleveland Clinic and there could be more added. Boston Scientific contract has expired so competition moves in. BD
As a renowned heart hospital, the Cleveland Clinic lends much gravitas - if not financial benefit - to suppliers who win contracts there. The hospital made headlines in late 2006 when it inked an 18-month deal that made Boston Scientific a "preferred vendor" at a time when Johnson & Johnson (JNJ) had the only other coated stent available in the U.S. market.
As Cleveland Clinic Tries Stents, Boston Scientific Sits Out
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