ReShape Lifesciences Inc. has acquired the Lap-Band adjustable gastric band surgery system from Apollo Endosurgery Inc. in exchange for $17m and the ReShape Balloon intra-gastric bariatric product line, the companies announced Dec. 18.
In addition to the product-swap, ReShape has agreed to pay Apollo $17m, including $10m paid at closing and $7m to be paid in three annual installments. The companies signed and...
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