◂ Announcements

Sep 6, 2018ACQUISITIONUnited States

CTL Medical to acquire Amedica's spine business for up to $10M

Amedica Corporation agreed to sell its commercial spine business to CTL Medical for total consideration of up to $10 million. CTL Medical will acquire Amedica's portfolio of metal and silicon nitride spine products, inventory, and regulatory clearances. The transaction is expected to close in Q3 2018.

Value

$10.0M

Status

Announced

Productsspine implantssilicon nitride spine products

CompaniesCTL Medical acquirer Amedica Corporation target

Sectors#Medical Devices

“The transaction makes strategic sense, by monetizing our commercial spine sales organization and allowing Amedica to focus on its core biomaterials and OEM business.”globenewswire.com

1 source
globenewswire.comAMEDICA ANNOUNCES AGREEMENT TO SELL SPINE BUSINESS TO CTLAmedica CorporationSep 6, 2018

Summarized from public sources; check the original articles before acting on it.

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