Syneron Medical (ELOS) to Acquire TransPharma Medical in $3.6M Deal
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Syneron Medical Ltd. (Nasdaq: ELOS) has signed a definitive agreement to acquire substantially all the assets of TransPharma Medical Ltd., a specialty pharmaceutical company focused on the development and commercialization of drug-products utilizing an innovative active transdermal drug delivery technology.
Under terms of the agreement, Syneron will acquire substantially all the assets of TransPharma, including its patent portfolio, for approximately $3.6 million in cash. The acquisition is subject to customary closing conditions.
Under terms of the agreement, Syneron will acquire substantially all the assets of TransPharma, including its patent portfolio, for approximately $3.6 million in cash. The acquisition is subject to customary closing conditions.
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