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Teleflex takes out NeoTract for up to $1.1B

Sep. 05, 2017 7:15 AM ETTeleflex Incorporated (TFX) StockBy: Douglas W. House, SA News Editor
  • Teleflex (NYSE:TFX) agrees to acquire privately held NeoTract for up to $1.1B. Pleasanton, CA-based NeoTract develops devices used in urology. It currently commercializes one product, the UroLift System, designed to hold the a man's enlarged prostate tissue out of the way so that it no longer blocks the urethra.
  • UroLift was CE Mark'd in 2010 and received de novo 510(k) clearance in the U.S. in 2013.
  • Under the terms of the agreement, Teleflex will pay $725M upfront and up to $375M in commercial milestones through 2020. The deal should close within 30 days.

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