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| Acquiring Party | SurModics, Inc. (Nasdaq:SRDX), a provider of drug delivery technologies. |
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| Transferring Party | BioFX Laboratories, Inc., a provider of immunoreagents for biomedical research and medical diagnostic markets. |
| Sector | Diagnostics |
| Date | August 14, 2007 |
| Analysis SurModics acquires so-called substrates, a critical component of diagnostic test kits used to detect and signal that a certain reaction has taken place. The product line and customer base of BioFX complement SurModics' products for customers developing diagnostic test kits. Deal value -- $11.3m plus $11.4m if certain revenue milestones are achieved. | |
The Walden Group is a leading healthcare investment banking firm specializing in mergers, acquisitions and strategic transactions. It also invests its own funds and, together with its expert operational partners, provides value-added services to help special companies reach critical milestones. This information is copyright © 2004-2007 The Walden Group, Inc. This information is provided as a service to the public but remains the intellectual property of The Walden Group, Inc and may not be reproduced in any manner without the written permission of The Walden Group, Inc. The information contained in the transactions table was derived from publicly available and other sources. Transaction analysis and other information are based, in part, upon public comments, Walden Group research and judgments, and reporting and research of others. The information is not intended to be relied upon as pronouncements by the transaction participants or for any other reason. | |