Abbot and St. Jude Medical have made an agreement in principle to sell particular products to Terumo.

The products are St. Jude Medical's Angio-Seal and Femoseal vascular closure products and Abbott's Vado Steerable Sheath. Abbott will retain its vascular closure products, which include the Perclose ProGlide Suture-Mediated Closure System, StarClose SE Vascular Closure System and Prostar XL Percutaneous Vascular Surgical System.

The purchase price is about $1.12 billion and is contingent to the successful completion of Abbott's purchase of St. Jude Medical and antitrust regulatory approvals. — Cynthia Jessup