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Guidant buys BioStent
19 Jun 2003
Executive Summary
Guidant has agreed to acquire BioStent, a start-up medical device company specializing in bioabsorbable vascular stents. It is buying 51% of the company now for $10mm, and in early 2004 plans to buy the remaining 49% for an additional $6mm, based on BioStent's achievement of certain requirements.
Deal Industry
- Medical Devices
-
Medical Devices
- Biomaterials
- Implantable Devices
Deal Status
- Final
Deal Type
-
Acquisition
- Partial Acquisition
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