Medtech merger and acquisition deal announcements slowed in the first half of 2019, but the industry got a boost from Verily’s $1 billion round of funding — the largest ever for a medtech firm. The Verily round was twice the size of the biggest-ever VC deal for a biotech company, according to the Vantage Half-Year […]
Align Technology (NSDQ:ALGN) said today that it inked a deal with competitor ClearCorrect parent company Straumann Holding to settle all outstanding patent disputes between the companies. The deal includes a $35 million payment from Switzerland-based Straumann, as well as a 5-year global distribution deal through which Straumann will distribute 5,000 of San Jose, Calif.-based Align Tech’s iTero Element […]
Updated Jan. 5, 2018 Among the most successful medical device companies of 2017, there were two themes: innovation and breadth of services. That was the major takeaway of an MDO analysis of the stock performance of the 100 largest publicly traded medtech companies in the world. What does innovation mean? Think Align Technology (Nasdaq:ALGN) and […]
Clear orthodontic corrective device maker ClearCorrect said today it inked a deal to be acquired by Straumann Holding for approximately $150 million. The Round Rock, Texas-based orthodontic device company said it would continue to operate out of its Texas headquarters under its ClearCorrect name, and that the acquisition will allow it to improve and expand the […]
Dental device developer Rodo Medical said today that it entered into a new distribution agreement with Straumann Holding, which has increased its stake in Rodo Medical from 12% to 30% for an undisclosed sum. The agreement will provide Straumann with exclusive distribution rights outside of North America and South Korea with an option to increase […]
(Reuters) – Dental implant maker Straumann Holding on Tuesday raised its sales growth forecast for a 2nd time this year following a strong 1st half and bought an Indian rival to tap into a fast-growing market. The Basel-based company reported a 16% rise in 1st-half revenue to 461.2 million Swiss francs ($480.1 million), beating an average 451 […]
Danaher (NYSE:DHR) subsidiary Nobel Biocare notched a mixed win in the initial determination from the U.S. International Trade Commission in its patent war with a Straumann subsidiary and a Brazilian manufacturer over dental implant technology. Nobel Biocare filed a complaint in October 2014 with the ITC, asking for an investigation of the importation and sale of the Neodent DriveCM dental implant, made […]
Stryker Corp. (NYSE:SYK) agreed to pay $150 million in up-front cash for Memometal Technologies SA, plus another $12 million in milestone payments.
Bruz, France-based Memometal makes implants for the extremities using shape memory alloys. The $162 million value of the deal is a 5.4x multiple of the $30 million the company posted to its top line last year.