Medical equipment makers ResMed Inc. and CareFusion Corp., two of San Diego County’s largest public companies, have entered into a five-year distribution agreement that will help ResMed get its new line of Stellar ventilation products into hospitals quickly.
The ResMed Stellar 100 and 150 ventilators were cleared by the U.S. Food and Drug Administration earlier this year. Under terms of the deal, announced last week, CareFusion will have the exclusive right to distribute the products and related accessories such as tubing and filters in the U.S. health care market.
The products will give CareFusion an edge in the institutional non-invasive ventilator market, which is expected to grow by more than 6 percent annually, the companies said in a joint statement on July 25. The Stellar products are at a lower price point than competitors’, a ResMed spokeswoman said.
The deal “directly aligns with our mission to improve health care costs and quality care to patients,” Tony Lopez, senior vice president and general manager of Respiratory Care at CareFusion, said in a statement.
Financial terms were not disclosed, but a ResMed spokeswoman confirmed that is the first time that the two companies have teamed up.
— Kelly Quigley