Medical tech provider Teleflex to buy NeoTract in $1.1 billion deal
REUTERS - Medical technologies provider Teleflex Inc said on Tuesday it would buy privately-held NeoTract Inc in a deal valued at up to $1.1 billion.
Teleflex said it will pay NeoTract an upfront payment of $725 million when the deal closes and an additional $375 million when it achieves certain commercial milestones related to sales through the end of 2020.
(Reporting by Divya Grover in Bengaluru; Editing by Savio D'Souza)
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First Published: Sep 05 2017 | 4:40 PM IST