NuVasive (NSDQ:NUVA) yesterday announced that it has acquired Simplify Medical for $150 million. Through the deal, NuVasive made an upfront payment of $150 million at closing using cash on hand, subject to customary purchase price adjustments. The company agreed to make additional future payments contingent upon milestones related to regulatory approval and net sales. Simplify Medical […]
NuVasive (NSDQ:NUVA) said today it named Medtronic (NYSE:MDT) surgical innovations prez J. Barry as its new CEO, replacing Gregory Lucier, effective November 5. Barry will also join the company’s board of directors, where Lucier will continue to serve as board chair and aid in transition efforts, the San Diego-based company said. NuVasive also said that it promoted current strategy, […]
Simplify Medical said today it closed $23.3 million as part of the second tranche of its oversubscribed Series B financing, which brought in a total of $44.3 million for the company and its namesake cervical disc replacement. The Sunnyvale, Calif.-based company’s Simplify disc is designed to be magnetic resonance imaging safe and to eliminate imaging artifacts […]
Simplify Medical said today that it plans to use its $21 million Series B round to complete a pair of pivotal studies for its namesake cervical disc replacement The round was led by Life Sciences Partners, Sunnyvale, Calif.-based Simplify said, joined by new backer Sectoral Asset Management and M.H. Carnegie, the Australian private equity shop that […]
Simplify Medical said today that it launched a pivotal study of its eponymous cervical disc, which is designed to be safe during magnetic resonance imaging scans. Sunnyvale, Calif.-based Simplify said the implant is “optimized” for MRI scans in that it’s designed to eliminate the imaging artifact created by the metals used in some artificial disc replacements, using a […]
Simplify Medical said it was recently acquired by Australian private equity shop M.H. Carnegie for an undisclosed amount, as it gears up for a U.S. clinical trial of its MRI-safe artifical cervical disc.