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Medtronic to Acquire Intersect ENT for ~$1.1B

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Medtronic to Acquire Intersect ENT for ~$1.1B

Medtronic to Acquire Intersect ENT for ~$1.1B

Shots:

  • Medtronic to acquire all outstanding shares of Intersect ENT for $28.25/ share in cash- making a total deal value of ~$1.1B. The transaction is expected to be completed by H1’22
  • The acquisition will expand Medtronic’s product portfolio which is used in the ENT procedure. Additionally- the acquisition will add a bioabsorbable drug release platform to the CRS portfolio
  • Intersect ENT's PROPEL and SINUVA sinus implants will combine with Medtronic’s navigation- powered instruments- and existing tissue health products to provide solutions for patients suffering from CRS

  | Ref: PR Newswire | Image: Rasayanika

Click here to­ read the full press release 

Tuba

Tuba Khan is Senior Editor at PharmaShots. She is curious, creative, and passionate about recent updates and innovation in the Life sciences industry. She covers Biopharma, MedTech, and Digital health segments. Tuba also has an experience of digital and social media marketing and runs the campaigns independently. She can be contacted on connect@pharmashots.com

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