Rochester,NY 7/11/2009 10:25:24 PM
Week End Stock Report - SYNO - Synovis to buy Calif. company for $12.1M - Sourced WhisperFromWallStreet.com
Synovis Life Technologies Inc.
Week End Stock Report - SYNO - Synovis to buy Calif. company for $12.1M - Sourced WhisperFromWallStreet.com
Synovis Life Technologies Inc. SYNO
Synovis Life Technologies Inc. has reached an agreement to buy the assets of a medical-technology firm that shut down after it was unable to raise capital.
St. Paul-based Synovis said Tuesday it will pay $12.1 million in cash to acquire Pegasus Biologics Inc.’s assets, which it won through an auction process. Irvine, Calif.-based Pegasus has developed a technology used to repair soft tissue. The company's technology has been used to treat about 10,000 patients suffering from orthopedic problems and wounds. Pegasus shut down in May of 2009. It had raised more than $38 million in venture capital and debt financing.
Last Trade: 15.00
Day's Range: 14.55 - 15.88
52wk Range: 11.11 - 24.95
Volume: 349,666
ABOUT - Synovis Life Technologies Inc.
Synovis Life Technologies, Inc., a medical device company, engages in the development, manufacture, marketing, and sale of products for the surgical treatment of diseases. Its products include implantable biomaterial products and devices for microsurgery and surgical tools, which are used to reduce risk and/or facilitate critical surgeries. The company's biomaterial products include Peri-Strips that are biomaterial stapling buttress used as reinforcement at the surgical staple line; Tissue-Guard, which is used to repair and replace damaged tissue in cardiac, vascular, thoracic, and neurologic procedures; and Veritas Collagen Matrix for use in surgery to repair and replace soft tissue. Its devices for microsurgery comprise Microvascular Anastomotic Coupler, which enables microsurgeons in various surgical specialties to perform anastomotic microsurgical procedures; and Neurotube, a device designed to assist in the reconnection of severed nerves.
During 2009 we have sent 40+ alerts with an average gain of over 80%. Below are a few alerts sent only to our whisperfromwallstreet.com members.
SPNG 1800%
AMNG 241%
RKBD 300%
UTRM 169%
TLLE 266%
Sign up now to receive free stock alerts
---
Please Read Our Disclaimer at http://whisperfromwallstreet.com/disclaimer.php
