In Brief: Thermo Cardiosystems/Nimbus Medical
This article was originally published in The Gray Sheet
Executive Summary
Thermo Cardiosystems/Nimbus Medical: Waltham, Massachusetts-based Thermo Cardiosystems acquires artificial heart technology firm Nimbus Medical for $5 mil. in cash. Rancho Cordova, California-based Nimbus is researching ventricular-assist devices and total artificial hearts. Announced Dec. 27, the purchase will result in a "fourth-quarter write-off" of "substantially all of the purchase price," Thermo Cardiosystems says...