• Mon news: Autolus enters CAR-T race with FDA approval. FDA clears clinical hold on Novavax. AbbVie schizophrenia trial failure. Cigna not pursuing Humana. GSK leaving BIO. See more on our front page

Stryker to acquire spinal technology company K2M in deal valued at $1.4 billion

Quote
cafead

cafead

Administrator
Staff member
  • cafead   Aug 30, 2018 at 11:12: AM
via Medical technology company Stryker Corp. SYK, -0.94% said Thursday it has agreed to acquire K2M Group Holdings Inc. KTWO, +25.44% for $27.50 a share or a total equity value of $1.4 billion. K2M was founded in 2004 and has become a player in the $10 billion market for technology to treat spinal disorders with annual sales of close to $300 million.

article source
 




Top Bottom
Back
Quote