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Ethicon Endo-Surgery buy

This article was originally published in The Gray Sheet

Executive Summary

Johnson & Johnson subsidiary announces definitive agreement to acquire SurgRx for an undisclosed amount Aug. 11. SurgRx' EnSeal vascular sealant complements Ethicon Endo-Surgery's Harmonic ultrasonic device. EnSeal is suitable for larger vessels while Harmonic is appropriate for "fine tuning" in surgery, Ethicon Endo-Surgery says. The deal "has the potential to expand the global availability of the EnSeal product line," SurgRx Chairman Rodney Perkins stated. EnSeal was 510(k) cleared in 2003
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