The acquisition of AccessClosure (Santa Clara, California) by Cardinal Health (Dublin, Ohio) could be considered as a one of the largest Cinderella stories in med-tech this year. The small private firm, that develops the Mynx family of patient-friendly vascular closure devices, was acquired by Cardinal Health, a $101 billion healthcare services company, for $320 million. News first broke about the acquisition on Wednesday.
Baxter International (Deerfield, Illinois) dominated med-tech headlines yesterday when it reported its intent to split into two separate and independent companies - one focused on developing biopharmaceuticals and the other focused on developing life-saving medical products. The measure puts to rest weeks of rumors regarding the split.
Five years of gathering and collecting clinical evidence is paying off for Benvenue Medical (Santa Clara, California). This week the company got to see the size of the payoff, during the annual scientific meeting for the Society for Interventional Radiology (Fairfax, Virginia) held in San Diego.
