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Salient Surgical Technologies Inc.

Bovie Medical shareholders sue over management’s alleged misdeeds

September 9, 2011 By MassDevice staff Leave a Comment

Bovie Medical

Shareholders of Bovie Medical Corp. (AMEX:BVX) are suing the company, alleging that mismanagement and nepotism have caused the company to miss out on commercialization and acquisition opportunities.

Filed Under: Legal News, News Well, Surgical Tagged With: Bovie Medical Corp., Salient Surgical Technologies Inc.

Medtronic closes two surgical buyouts for $585 million

August 31, 2011 By MassDevice staff Leave a Comment

Medtronic
Salient Surgical
Peak Surgical

Medtronic Inc. (NYSE:MDT) announced that it closed on PEAK Surgical Inc. and Salient Surgical Inc. for an aggregate $585 million.

Filed Under: Mergers & Acquisitions, News Well, Surgical, Wall Street Beat Tagged With: PEAK Surgical, Salient Surgical Technologies Inc.

Medtronic buys Salient Surgical and PEAK Surgical for a combined $645 million

July 7, 2011 By MassDevice staff Leave a Comment

Medtronic

Medtronic Inc. (NYSE:MDT) said today that it will acquire Salient Surgical Technologies for $525 million in a deal that’s been in the works for more than 11 years.

Filed Under: Mergers & Acquisitions, News Well, Surgical Tagged With: PEAK Surgical, Salient Surgical Technologies Inc.

DePuy gets FDA clearance for new hip amid lawsuit over old hip | Regulatory Roundup

June 16, 2011 By MassDevice staff Leave a Comment

M and A Roundup

Amid lawsuits concerning its Pinnacle metal-on-metal hip implant, Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Orthopaedics won U.S. Food & Drug Administration clearance for its next-generation Pinnacle ceramic-on-metal hip implant.

Ceramic-on-metal is a novel combination in the hip implant market, having undergone two-year controlled, randomized, multicenter, non-inferiority clinical study and laboratory testing as part of the clearance process.

Filed Under: Implants, News Well Tagged With: depuysynthes, EarlySense, Endologix, Endosphere, Fenwal Inc., H&P Industries Inc., Hovione, Johnson and Johnson, Maquet Cardiovascular LLC, Pathway Medical Technologies Inc., Salient Surgical Technologies Inc., Varian Medical Systems, Ventana Medical Systems, W.L. Gore & Associates

Medtronic, Salient Surgical force Bovie Medical surgery devices off the market

March 4, 2011 By MassDevice staff Leave a Comment

Salient Surgical, Medtronic, Bovie Medical

Bovie Medical Corp. (NYSE:BVX) is pulling a pair of electrosurgical devices off the market to settle a patent infringement lawsuit with Salient Surgical Technologies and Medtronic Inc. (NYSE:MDT).

Filed Under: News Well, Patent Infringement Tagged With: Bovie Medical Corp., Salient Surgical Technologies Inc.

Salient Surgical goes Dutch

June 17, 2010 By MassDevice staff Leave a Comment

Salient Surgical logo

Salient Surgical Technologies Inc. is going Dutch, opening an office in Amsterdam to spearhead its international sales and marketing efforts.

The Portsmouth, N.H.-based company said it’s had a presence in Europe since 2001, when it began marketing a line of surgical sealers, but wants to expand that footprint with its Aquamantys electrosurgical cautery system.

Filed Under: Business/Financial News, News Well Tagged With: Salient Surgical Technologies Inc.

Salient Surgical, Medtronic sue Bovie over blood vessel sealing patent

June 10, 2010 By MassDevice staff Leave a Comment

Salient, MDT, BVX logos

Salient Surgical Technologies and Medtronic Inc. (NYSE:MDT) slapped Bovie Medical Corp. (NYSE:BVX) with a patent infringement lawsuit over technology used in Salient’s Aquamantys electrosurgical cautery system.

Filed Under: Business/Financial News, Legal News, News Well Tagged With: Bovie Medical Corp., Salient Surgical Technologies Inc.

Salient Surgical Tech banks $15 million from new venture round

January 8, 2010 By MassDevice staff Leave a Comment

Financial backers of Salient Surgical Technologies Inc. are again stepping up to protect their investments, ponying up $15 million in new funding while they wait for an eventual liquidity event.

The deal is the Portsmouth, N.H.-based company’s seventh funding round over the past decade and its second since it shelved plans for an initial public offering in late August, 2008. Since then, venture funds and other institutional investors have pumped nearly $33 million into Salient, including the current round, building on previous financing efforts totaling almost $94 million.

Filed Under: Business/Financial News, News Well Tagged With: Salient Surgical Technologies Inc.

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