Surmodics Acquires Vetex Medical Limited

July 6, 2021

Surmodics, Inc. (NASDAQ: SRDX) acquired Galway-based Vetex Medical Limited to expand its thrombectomy portfolio with the ReVene Thrombectomy Catheter. The deal included an upfront payment of $39.9 million and up to $7 million in additional milestone payments (with $3.5 million guaranteed), giving Surmodics a second FDA 510(k)-cleared mechanical thrombectomy device and IP to accelerate its thrombectomy platform development.

Buyers
Surmodics, Inc.
Targets
Vetex Medical Limited
Industry
Medical Devices
Location
Galway, Ireland
Transaction Type
Buyout

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