Olympus inhales Spiration
This article was originally published in The Gray Sheet
Executive Summary
Pulmonary device maker Spiration is acquired by bronchoscope maker Olympus for undisclosed terms in a deal announced June 25. Spiration's IBV removable bronchial valve implant gained FDA humanitarian device exemption (HDE) approval in 2008 to treat prolonged air leaks following certain lung surgeries (1"The Gray Sheet" Nov. 3, 2008). A pivotal study of the device for severe emphysema is ongoing. "We will take advantage of the synergies of the two companies in our development of next-generation endoscopic respiratory products," Olympus said