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The Medical Industry
Business Weekly
August 28, 2008

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Michael Falco Guides Compass Medical in the Right Direction Background in business and finance helps find the right solutions for imaging equipment clientele.

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Misonix, Inc. Enters Two Year Agreement With North Med Misonix, Inc., a developer of minimally invasive ultrasonic medical device technology used in Europe has entered into a distribution agreement with privately-held North Med, based near Prague in the Czech Republic.

Baxter Healthcare Corporation Announces Licensing Agreement With Innocoll Pharmaceuticals Ltd. Baxter Healthcare Corporation announced a licensing agreement with Innocoll Pharmaceuticals Ltd, a division of Innocoll, Inc., granting Baxter exclusive rights to market and distribute the company's gentamicin surgical implant in the United States.

MEDRAD's Multi
Vendor Service

MEDRAD Adds Multi Vendor Service to ISO 13485:2003 Certification

by Barbara Kram, Editor
WARRENDALE, PA -- MEDRAD, INC. has announced that its Multi Vendor Service was added to MEDRAD's ISO 13485:2003 certification, making it one of only two major providers of ultrasound transducer and MRI coil repair services with the certification.

Multi Vendor Service achieved this new certification by demonstrating to the International Organization for Standards (ISO) that it has quality systems in place to ensure high-quality product and repair service.

"This certification, paired with over 40 years of commitment to quality at MEDRAD, affirms our Multi Vendor Service organization's first-rate repair process to our customers," said Diane Watson, executive director of Multi Vendor Service. "We are able to accomplish this while providing significant cost savings over OEM offerings."

ISO 13485:2003, which is closely related to the ISO 9000 standards for quality management systems, is the international standard for the medical device industry. It specifies requirements for quality systems that demonstrate a company's ability to provide medical devices and related services that consistently meet customer needs and regulatory requirements.

MEDRAD's Multi Vendor Service team provides OEM-quality repairs for all brands of MRI coils, ultrasound transducers and ultrasound parts in locations around the world. Multi Vendor Service repairs nearly 400 different makes and models of MRI coils and 300 types of ultrasound probes, in addition to providing comprehensive replacement and sourcing capabilities.

About MEDRAD

MEDRAD, INC., is a worldwide leading provider of medical devices and services that enable and enhance imaging procedures of the human body. Used in diagnostic imaging, MEDRAD's product offerings include a comprehensive line of vascular injection systems, magnetic resonance (MR) surface coils and patient care products, and equipment services. Total 2007 revenues were $525 million. MEDRAD is a 2003 recipient of the Malcolm Baldrige National Quality Award, the top honor a U.S. company can receive for quality and business excellence. The company's world headquarters is near Pittsburgh, Pennsylvania, in the United States. MEDRAD is an affiliate of Bayer AG.

The Bayer Group is a global enterprise with core competencies in the fields of healthcare, nutrition and high-tech materials. Bayer HealthCare, a subsidiary of Bayer AG, is one of the world's leading, innovative companies in the healthcare and medical products industry and is based in Leverkusen, Germany. The company combines the global activities of the Animal Health, Consumer Care, Diabetes Care and Pharmaceuticals divisions. The pharmaceuticals business operates under the name Bayer Schering Pharma AG. Bayer HealthCare's aim is to discover and manufacture products that will improve human and animal health worldwide. Find more information at www.bayerhealthcare.com.

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