Shots:

• Philips will acquire Intact Vascular for $275M up front and deferred payments of $85M upon completion of the transaction. The transaction is expected to be completed in Q3’20
• The collaboration will expand Philips’ image-guided therapy portfolio with the addition of Intact Vascular’s Tack endovascular system- that reinforces standard and drug-coated balloon PAD treatment results
• Intact Vascular’s Tack implant is a minimal-metal- dissection repair device that provides precision treatment of peripheral arterial dissections following balloon angioplasty in ATK and BTK therapeutic interventions

­ Ref: Philips | Image: Philips