Alsius Corporation signs contract with Novation LLC for three years

Fri. December 19, 2008; Posted: 10:38 AM

Dec 19, 2008 (M2 EQUITYBITES via COMTEX) -- ALUS | Quote | Chart | News | PowerRating -- Alsius Corporation (Nasdaq: ALUS), a medical device company, declared yesterday (18 December) that Novation LLC and the company have signed a three year contract to provide intravascular temperature management products to Novation's network of over 2,500 member hospitals. A Representing over USD33.1bn in annual US healthcare spending, Novation is a group purchasing organisation (GPO) and is part of the University HealthSystem Consortium (UHC), an alliance of academic medical centres and their affiliated hospitals representing around 90% of US non-profit academic medical centres. The agreement will be effective from 1 January 2009. A Alsius intravascular temperature management (IVTM) consists of the CoolGard 3000 and Thermogard XP systems and a family of single-use catheters, including the Cool Line, Icy, Fortius, Solex and Quattro catheters. The catheters decrease or increase core temperature from the inside of the body out toward the exterior, allowing for control of a patient's core body temperature, with precision, compared to conventional external temperature management products such as cooling and warming blankets and ice packs.

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