Tyco Takes Steps To Add InnerDyne Surgical Access Line Via $180 Mil. Bid
This article was originally published in The Gray Sheet
Executive Summary
Tyco International's purchase of InnerDyne for $180 mil. would give the company access to the Sunnyvale, Calif. firm's Step line of minimally invasive access products for laparoscopic surgery.
You may also be interested in...
Cohesion Technologies
William Mavity is named president and CEO, effective Oct. 1. Mavity, 51, formerly served as president and CEO of InnerDyne, which was acquired by Tyco's U.S. Surgical business a year ago (1"The Gray Sheet" Oct. 9, 2000, p. 14). The exec will take over from outgoing David Foster, CEO, and Frank DeLustro, president and chief operating officer, as part of a planned transition to focus on biosurgical product commercialization efforts with "a more seasoned executive," the firm explains. Palo Alto, California-based Cohesion is awaiting a rescheduling of an FDA panel review of its CoSeal surgical sealant following a Sept. 11 cancellation (2"The Gray Sheet" Sept. 17, 2001, p. 7)
Cohesion Technologies
William Mavity is named president and CEO, effective Oct. 1. Mavity, 51, formerly served as president and CEO of InnerDyne, which was acquired by Tyco's U.S. Surgical business a year ago (1"The Gray Sheet" Oct. 9, 2000, p. 14). The exec will take over from outgoing David Foster, CEO, and Frank DeLustro, president and chief operating officer, as part of a planned transition to focus on biosurgical product commercialization efforts with "a more seasoned executive," the firm explains. Palo Alto, California-based Cohesion is awaiting a rescheduling of an FDA panel review of its CoSeal surgical sealant following a Sept. 11 cancellation (2"The Gray Sheet" Sept. 17, 2001, p. 7)
MDMA To Seek Role In Premier "Breakthrough" Device Process At Meeting
Premier's "breakthrough technology" program is likely to be among the issues discussed at an Oct. 18 meeting between the Medical Device Manufacturers Association and the group purchasing organization in Chicago.