Ethicon Endo-Surgery buy
This article was originally published in The Gray Sheet
Executive Summary
Johnson & Johnson subsidiary announces definitive agreement to acquire SurgRx for an undisclosed amount Aug. 11. SurgRx' EnSeal vascular sealant complements Ethicon Endo-Surgery's Harmonic ultrasonic device. EnSeal is suitable for larger vessels while Harmonic is appropriate for "fine tuning" in surgery, Ethicon Endo-Surgery says. The deal "has the potential to expand the global availability of the EnSeal product line," SurgRx Chairman Rodney Perkins stated. EnSeal was 510(k) cleared in 2003