Langer buys Benefoot gait & orthotic lines:
This article was originally published in Clinica
Executive Summary
Langer has bought the gait-related and orthotic products ranges of fellow Long Island New York company, Benefoot, for $6 million cash. Langer will also assume long- term liabilities of $400,000, and has agreed to make an additional payment of $1 million in royalties, subject to certain milestones. The assets acquired - from Benefoot Inc and Benefoot Professional Products - generated sales of $7 million in 2001, the range includes gait-related biomechanical products, including prescription and non-prescription orthotic devices. Langer, headquartered in Deer Park and with international sales and manufacturing facilities, says its earnings will benefit immediately.
You may also be interested in...
US Q1 Consumer Health Earnings Preview: Label This One Historic And Challenging But Promising
US OTC drug and supplement firms’ reports of results for the first three months of 2024 began on April 19 with P&G. JP Morgan analysts say while “some retailers in the US in particular” are reducing consumer health inventories, for the overall sector they expect “a healthier balance of positive volume and lower pricing contribution.”
Keeping Track: Cancer Approvals From Lumisight Imaging To Adjuvant Alecensa
The US FDA’s approval of Lumicell’s optical imaging agent Lumisight makes a dozen novel approvals in 2024 for the Center for Drug Evaluation and Research.
Partisan Politics Returns To US FDA Congressional Oversight
The US FDA has stood out as an agency that tends to draw broad bipartisan support amid a generally rancorous and divided Congress. A House hearing, however, may be a sign that those days are over.