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MicroPort Scientific Corporation, through its subsidiary Endovascular Technology Corporation, acquired the shares of Lombard Medical Limited and Lombard Medical Technologies GmbH in a restructuring under UK bankruptcy law. Lombard Medical, Inc. will be liquidated.
Lombard Medical Technologies finalized a strategic partnership with MicroPort Scientific. MicroPort will manufacture components for Lombard's Aorfix and Altura devices in Shanghai and gain exclusive marketing rights in China and Brazil.