Symmetry Surgical Acquires Vesocclude Medical
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Symmetry Surgical (SSRG) Acquires Vesocclude Medical in $4M + Payments Deal
August 28, 2015 7:02 AM EDT(Updated)
Symmetry Surgical (NASDAQ: SSRG) announced that it has acquired key assets of Vesocclude Medical, LLC (Vesocclude), including its product portfolio of titanium ligation clips and appliers, customer relationships and intellectual property for $4.0 million. The agreement also includes $2.2 million in potential payments based on the achievement of milestones related to new product commercialization, as well as distribution rights for the new products and additional rights for a future acquisition.
Vesocclude's ligation clips and appliers are used in surgical procedures to close tubal anatomic structures such as blood vessels or ducts. The... More
