Yet another defunct orthopedic device developer is acquired. Where does that leave the rest of the field?
First it was Integra picking up IST’s IP for a cool $9 million. Then Synovis bought out Pegasus Biologics for horse feed ($12.1 million). And Cardo Medical did the same with Vertebron, for a bargain-basement price of $1.3 million.
Now a similar deal has gone through, with Facet Solutions buying Archus Orthopedics’ IP (Mass Device)… http://ow.ly/zQ3X
PRNewsWire.. http://ow.ly/zQkw