St Jude Medical to Acquire Implantable Sensor Vendor Savacor
St Jude announced today that they will pay $50 million for Savacor Inc (recently profiled on MedGadget.com). Additional terms tied to regulatory and sales milestones were not
disclosed. The acquisition is expected to close by the end of the year.
St. Jude Medical will record a $50 million in-process research and
development charge in connection with the transaction.
Savacor […]
