NuVasive to Acquire Ellipse Technologies

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Go back to NuVasive to Acquire Ellipse Technologies

Leerink Partners Remains Bullish on NuVasive (NUVA) Following Ellipse Technologies Acquisition

January 6, 2016 8:17 AM EST

Leerink Partners reiterated an Outperform rating and $63.00 price target on NuVasive (NASDAQ: NUVA) following the company's acquisition of Ellipse Technologies for $380M cash upfront, with a $30M milestone payment.

Analyst Richard Newitter commented, "NUVA's acquisition of Ellipse Technologies (announced yesterday) for $380M cash... More