News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Medtronic, Inc. (MDT) Scoops Up NJ-Based TYRX For $160 Million


1/7/2014 7:39:09 AM

free biotech news Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

Medical device startup Tyrx hinted last year that it wanted to do some growing on its own before entertaining the idea of an IPO or a sale. Apparently, however, a $160 million offer from med tech giant Medtronic (NYSE: MDT) was too much to pass up. Tyrx today announced that it has been acquired by Medtronic in an all-cash deal. Medtronic will pay $160 million up front for the Monmouth Junction, NJ-based company, and has tied certain unspecified performance-based milestones to the deal as well.

Help employers find you! Check out all the jobs and post your resume.


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES