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Sysmex Corporation in Talks to Buy Dune Medical Devices Ltd. for $200 Million


10/23/2012 8:31:05 AM

Has the Japanese medical systems market discovered Israeli companies? Following a report earlier this week that Fuji is negotiating for the acquisition of Given Imaging, another deal appears to be in the pipeline. Japanese Sysmex Corporation is in talks to buy Caesarea-based Dune Medical Devices for $200 million. Sysmex Corporation is a veteran Japanese medical systems corporation, which was founded in 1968 and is traded on the Japanese and US markets at a $4.7 billion market cap. Dune Medical has developed a surgical system for the surgical treatment of breast cancer called MarginProbe. The system examines the margins of a tumor removed by lumpectomy to determine whether the tumor is cancerous and whether all cancerous cells have been removed. The usual procedure involves lab tests of the tissue and results are available within 24 hours at the least, requiring reoperation in case of a positive result. Last June, Dune Medical Devices reported that an FDA expert panel had recommended using its system for lumpectomy procedures. Dune applied for approval on April 2011, backed by favorable results from about 600 clinical trials in the United States.

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