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Abbott buys Biocompatibles' stent business

Executive Summary

Abbott Laboratories is buying UK medical device company Biocompatibles' cardiovascular stent business for $234.5mm in cash. The deal gives Abbott worldwide manufacturing, marketing, development, and distribution rights to the BiodivYsio cardiovascular stent line it has been selling exclusively in the US since 1999, when it licensed the rights from Biocompatibles.
Deal Industry
  • Medical Devices
    • Implantable Devices
Deal Status
  • Final
Deal Type
  • Acquisition
    • Payment Includes Cash
    • Full Acquisition

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