St. Jude exercises option for Spinal Modulation; pays $175mm plus earn-outs
Executive Summary
St. Jude Medical Inc. exercised its exclusive option to buy Spinal Modulation Inc. and will pay $175mm, plus earn-outs upon FDA approval of the Axium intraspinal neurostimulator system and achievement of certain revenue goals.
Deal Industry
- Medical Devices
-
Medical Devices
- Implantable Devices
Deal Status
- Final
Deal Type
-
Acquisition
- Includes Earnout
- Partial Acquisition
- Payment Includes Cash
Questions?
Please contact Sales at: (212) 520-2765 or email [email protected]
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