Angiotech

Angiotech Pharmaceuticals completes acquisition of Quill Medical

Published in Medical Verdicts and Law Weekly, July 27th, 2006

Angiotech Pharmaceuticals, Inc., (ANPI)()(ANP), a global specialty pharmaceutical and medical device company, announced that it has completed its acquisition of privately held Quill Medical, Inc., - including all of its technology and intellectual property - for US$40 million in cash plus certain future contingent payments based on product revenues, as previously announced on May 25, 2006.

In October 2004, Angiotech's Surgical Specialties division and Quill entered into an exclusive manufacturing and distribution agreement for the Contour Threads product line to be used in minimally-invasive aesthetic and cosmetic surgery. Unlike conventional sutures which are smooth,...

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Source: Medical Verdicts and Law Weekly (2006-07-27)

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