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The investment is a result of the licensing agreement between Merit Medical and Vysera. Under the agreement, Merit Medical obtained an exclusive license for the development and use of certain biomaterial technology for the coating of selected non-vascular stents and gastrointestinal and drainage catheters.
In addition, Merit Medical also obtained an exclusive license for certain valve technology that may be incorporated into non-vascular stents, specifically esophageal stents, to address acid reflux conditions.
Deal Value (US$ Million) 2.4 Deal Type Acquisition Sub-Category Minority Acquisition Deal Status Completed: 2009-10-27
Deal Participants
Target (Company) Vysera Biomedical Limited Acquirer (Company) Merit Medical Systems, Inc.
% Acquisition 14.45%
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