The US government is buying embolization coils from one company for five more years

The US government has awarded a five-year contract to Terumo Medical Corp. to supply embolization coils. These coils are used in medical procedures to block blood flow, often to stop bleeding or treat aneurysms.

This contract means that for the next five years, one company will be the primary supplier of a specific medical device to the US government. This locks in a single vendor for a critical medical supply. It also signals that the government expects a continued need for these types of procedures.