Tandem Diabetes Care to acquire AMF Medical, developer of Sigi patch pump

Tandem Diabetes Care has entered into a definitive agreement to acquire AMF Medical SA, a Swiss developer of the Sigi Patch Pump. The deal includes a previous strategic investment of CHF 8.0 million, a cash payment of CHF 62.4 million at closing, and additional contingent earnout payments of up to CHF 129.6 million.

“This acquisition supports our commitment to drive growth through innovation, as AMF Medical has novel technology and a shared passion for creating easy-to-use solutions to improve the lives of people with diabetes.”businesswire.com

• 2 sources
• businesswire.comTandem Diabetes Care to Acquire Insulin Patch Pump Developer, AMF MedicalMedia ContactDec 13, 2022
• nasdaq.comTandem Diabetes Care Completes Acquisition of Insulin Patch Pump Developer, AMF Medical | NasdaqJan 23, 2023

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