Argon Medical Secures Exclusive Global Distribution Rights for Scorpion™ TIPS Access System

FRISCO, Texas, July 9, 2019 /PRNewswire/ -- Argon Medical Devices, Inc., a global leader in the manufacture of medical devices specifically for interventional procedures, today announced that it has entered into a final licensing agreement with Hatch Medical, L.L.C. (“Hatch Medical”) to obtain exclusive global promotion and distribution rights for the Scorpion™ TIPS (Transjugular Intrahepatic Portosystemic Shunt) Access System.

George Leondis, President and Chief Executive Officer of Argon Medical Devices, Inc. (George A. Leondis) stated: “We are pleased to include the Scorpion TIPS Access System in our product portfolio. This technology is poised to establish a leading position in this disease area, and we believe it will become the preferred choice among similar products. This collaboration presents an excellent strategic opportunity for Argon, enabling us to provide our customers with another outstanding product in the interventional field.”

Paul Gianneschi, Founder and Head of Management at Hatch Medical (Paul Gianneschi) commented, “This product line will bring a significant transformation to surgical procedures, and we are delighted to have found such a strong partner for it. Argon Medical Devices is a recognized world-class manufacturer with unparalleled business depth and global distribution resources.”

TIPS is a shunt channel established within the liver under X-ray guidance, connecting two intrahepatic veins. Patients requiring TIPS surgery typically suffer from conditions caused by hepatitis C and alcoholic cirrhosis.Portal Hypertension。

Christian Chilcott, Senior Vice President of Global Marketing at Argon Medical Devices (Christian A. Chilcott) stated, “Adding the Scorpion TIPS Access System to our product portfolio further strengthens Argon’s commitment to providing premier diagnostic and therapeutic products for patients with liver disease. It is estimated that approximately 4.5 million people are diagnosed with liver disease annually, of which over 40,000 cases are fatal. The Scorpion TIPS Access System is the first liver access device that enables physicians to stably control the direction and angle of the needle tip, effectively reducing the likelihood of procedural failure.”