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TriVirix buys manufacturing facility

BT Catalyst, April, 2002

TriVirix International of Chapel Hill, a medical device contract manufacturer, announced recently that it is purchasing a Milaca, Minn., manufacturing facility from Medtronic Inc. (NYSE: MDT)

TriVirix will retain all 65 employees currently employed at the facility, and will serve as a supplier for Medtronic going forward.

Over the last 18 years, employees at the Milaca facility have built a range of products for Medtronic's businesses in cardiac rhythm management, neurology and cardiac surgery. These products include programmers that set therapeutic parameters for patients with implantable pacemakers, defibrillators and neurological devices, and temporary external pacemakers and ablation systems.

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"We are enthusiastic about the medical device manufacturing skill that this experienced workforce brings to our company, and we believe that this agreement is a very strong endorsement of our business model and our team," said Richard M. West, president and CEO.

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TriVirix buys manufacturing facility

BT Catalyst, April, 2002

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