Cordis & ClearStream ink distribution deal

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Cordis Corporation and ClearStream Technologies Group have signed a distribution agreement whereby Cordis will market ClearStream's percutaneous transluminal angioplasty (PTA) balloon catheters under the brand names Sleek and Savvy Long Balloon Dilation Catheters. The peripheral balloons will be marketed by the Cordis Endovascular division of Cordis Corporation. The companies expect the products will be commercially available in countries outside the United States starting in the second quarter of 2007