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Consort makes "sensible" move to divest devices unit to focus on faster-growing drug delivery

This article was originally published in Clinica

Executive Summary

Consort Medical is to sell its King Systems division, which develops disposable airway management devices, to Danish firm Ambu in a move to focus on its Bespak drug delivery business. The sale will bring Consort an upfront payment of $120 million and further milestones of up to $50 million over the next three years.

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