- St. Jude Medical (NYSE:STJ -0.8%) enters into a definitive agreement to acquire privately-held NeuroTherm, a maker of interventional pain management therapies, for ~$200M in cash. The company expects to conclude the transaction in late Q3. NeuroTherm will add $10M - 15M to STJ's top-line sales in 2014.
- NeuroTherm's technology utilizes radiofrequency ablation (RFA) to treat spinal pain.