Imagyn sells surgical needle line to Surgical Supply:
This article was originally published in Clinica
Executive Summary
Imagyn Medical Technologies is to sell its surgical needle product line to Surgical Supply for $7.65 million. Newport Beach, California-based Imagyn will use the proceeds from the sale to reduce debt. The company is disposing of certain non-core assets and hopes to reach agreement concerning further sales during this quarter. Separately, Imagyn plans to begin commercial shipment of International Isotopes' brachytherapy seed, IsoStar, for which it has exclusive distribution rights.
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