Rochester, NY 8/10/2009 9:37:18 PM
Synovis Life Technologies Inc., SYNO - Synovis Life Technologies Take Hold of Pegasus Biologics Assets
Synovis Life Technologies Inc.
Synovis Life Technologies, Inc. has finally completed purchase of substantially all the assets of Pegasus Biologics, Inc., a privately held medical device company which focused on the development of advanced biological solutions for soft tissue repair.
http://StockEinstein.com offers free daily stock alerts on companies ready to run. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
Richard W. Kramp, Synovis Life Technologies president and chief executive officer, said, “In the short time since we signed the purchase agreement, our integration team has made excellent progress toward resuming operations. We have identified, contacted, interviewed and successfully hired 25 employees most critical to resume production, regulatory and clinical affairs, quality and customer service. These talented people began work as Synovis employees this week. Further, we are in the process of interviewing former Pegasus marketing and sales professionals and distributors to start rebuilding a team dedicated to promoting the OrthADAPT® and Unite® products, and serving our new customers. In addition, we signed a three-year facilities lease and are reviewing internal and external candidates for long-term leadership of this division.”
StockEinstein.com has a dedicated team uncovering stocks ready to break and run. We apply time tested criteria and when one of these stocks meets or exceeds our benchmarks, our subscribers are immediately notified directly to their in-box.
This is a free service available only to our subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
During 2009 our alerts have resulted in an average price gain of 80%+.
Disclaimer: Full disclaimer at http://StockEinstein.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinstein, nor any of its affiliates are registered investment advisors or broker dealers.
