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| Acquiring Party | Stryker Corporation (NYSE: SYK), a major manufacturer of orthopedic products and related medical devices. |
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| Transferring Party | Curis, Inc. (NASDAQ: CRIS ), a drug development company focused on developing proprietary medicines primarily for cancer treatment. |
| Sector | Biopharmaceuticals |
| Date | December 28, 2007 |
| Analysis Stryker has been working on a protracted PMA application for its own OP-1 product line for spine and trauma. This deal will give Stryker opportunities in areas other than orthopedics. Deal value - $1m on sales of $16.39 m. (16x) and losses. There are significant earnout opportuniteis based on achievement of specified clinical development and drug approval objectives. | |
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. | |