Apollo Endosurgery Wants Lap-Band To Become Even More Of An Asset
This article was originally published in Start Up
At the end of October, Apollo Endosurgery announced that it would acquire certain obesity assets from Allergan: Lap-Band, one of the most well-known brands in bariatric surgery, and Orbera, Allergan’s intra-gastric balloon system, the leading such product in Europe. It’s not unusual these days for large companies to unload under-performing businesses, but the Allergan deal is striking because of its choice of partner. Apollo Endosurgery is a small organization acquiring a much larger one.