Stryker (NYSE:SYK) said yesterday it acquired all of the assets of controlled substance waste management system maker Cactus, LLC.
Cactus produces the Smart Sink, Pharma Lock and Pharma Lock O.R. controlled substance waste management systems designed to render waste which could contain controlled substances unrecoverable and unusable.
The Smart Sink system is designed to capture liquid and solid pharmaceutical waste and allow for proper disposal as per regulatory guidelines, and can provide visual and audible alerts, the company said. The Pharma Lock systems are designed to be mountable to walls, countertops and carts, do not require a power source and can accept Smart Sink liquid cartridges.
“Stryker’s Instruments division’s newly formed surgical safety business is dedicated to providing our customers with the highest quality devices for proper controlled substance waste management and disposal. This acquisition will allow us to help our customers improve their anti-drug diversion efforts, promote environmentally sustainable disposal practices and ensure their facilities are regulatory compliant. In addition to the regulatory requirements governing pharmaceutical waste disposal, the proper disposal of pharmaceutical waste is something that is vital to a sustainable and healthy environment, which is important for everyone,” Stryker marketing director Nate Miersma said in a press release.
Cactus’ line of products have been cleared for use in the US since 2012, Stryker said, and will launch as an expansion of the company’s surgical safety portfolio.
Earlier this month, a division of Stryker at its home base in Kalamazoo, Mich., reportedly laid off about 50 workers, even as the company was planning a major expansion at another facility nearby.
Stryker Instruments, which last month won a tax break from Portage, Mich., for a $154 million, 485,000-square-foot R&D facility there, confirmed the layoffs in Kalamazoo earlier this month to a local television station. Although the company would not specify how many positions would be cut, WWMT reported that “calls into our newsroom say about 50 people will lose their jobs.”
