NOTE: Kyocera purchased 100% of assets of Renovis but not the company to sidestep any PODs issues.
KYOCERA to Purchase Major Assets of U.S.-based Renovis Surgical Technologies, Inc. (press release)
Kyocera Corporation (President: Hideo Tanimoto) today announced that its U.S. headquarters, Kyocera International, Inc., has finalized an agreement with Renovis Surgical Technologies, Inc. (herein “Renovis”), a U.S.-based orthopedic and spinal medical device manufacturer and developer, to purchase the major assets of Renovis’ business operations relating to artificial joint and spinal products.
The assets will be transferred into a new California-based company wholly owned by Kyocera International, Inc., to be named Kyocera Medical Technologies, Inc., in March 2019.
Background and OverviewKyocera currently manufactures medical products, including artificial joints and dental implants, primarily for the Japanese market. The U.S. orthopedic implant market totals approximately US$20 billion, representing about 60% of the global market, with continued growth expected.* To grow internationally, Kyocera obtained U.S. FDA 510(k) clearance for its artificial hip joi...
