Industry Update: Medical Devices

Industry Highlights

  • On February 2, 2021, two of the world’s most prominent vision care leaders
    have announced a partnership to expand the fast-growing myopia
    management category and broaden access to emerging, evidence-based
    technologies and products. CooperCompanies and EssilorLuxottica entered
    into a joint venture agreement to accelerate commercialization of innovative
    spectacle lenses from SightGlass Vision.
  • On January 21, 2021, Boston Scientific announced that it entered into a
    definitive agreement to acquire Preventice Solutions, Inc., a privately-held
    company which offers a full portfolio of mobile cardiac health solutions and
    services, ranging from ambulatory cardiac monitors to cardiac event
    monitors and mobile cardiac telemetry. The transaction consists of an
    upfront cash payment of $925 million, and up to an additional $300 million in
    a potential commercial milestone payment.
  • On January 4, 2021, Dentsply Sirona Inc. entered into an Equity Purchase Agreement with Straight Smile, LLC, a Delaware limited liability company, the members of Straight Smile and Member Representative SSB, LLC, a Wyoming limited liability company, in its capacity as the Equityholder Representative, pursuant to which the Company acquired 100% of the outstanding membership interest of Straight Smile, for $1.0 billion.

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