Teleflex (TFX) Acquires Palette Life Sciences
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Teleflex to Acquire Palette Life Sciences
July 26, 2023 6:30 AM EDTAcquisition will add Barrigel®, a biodegradable sculptable rectal spacer, to Teleflexs Interventional Urology portfolio
WAYNE, Pa., July 26, 2023 (GLOBE NEWSWIRE) -- Teleflex Incorporated (NYSE: TFX), a leading global provider of medical technologies, today announced it has entered into a definitive agreement to acquire privately-held Palette Life Sciences AB for an upfront cash payment of $600 million at closing, and up to an additional $50 million upon the achievement of certain commercial milestones. The acquisition is subject to customary closing conditions, including receipt of certain regulatory approvals, and is expected to be completed in... More
