Rochester, NY 7/13/2009 4:13:11 PM
Stock Exchange News - SYNO - SYNO buy Calif. company for $12.1M Cash - Sourced WhisperFromWallStreet.com
Synovis Life Technologies, Inc.
COMPANY - Synovis Life Technologies, Inc.,SYNO
NEWS - 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.
ABOUT - 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.
After Hours: 0.00 N/A (N/A) 8:00PM ET
Last Trade: 15.00
Day's Range: N/A - N/A
52wk Range: 11.11 - 24.95
Volume: 0
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