


                                  EXHIBIT 23.2



                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

         As independent public accountants, we hereby consent to the
incorporation by reference in this Registration Statement of our report dated
November 4, 1998 incorporated by reference in SurModics, Inc.'s Form 10-KSB for
the year ended September 30, 1998, and to all references to our firm included in
this Registration Statement.





                                               /s/   ARTHUR ANDERSEN LLP



Minneapolis, Minnesota
May 27, 1999


