Medical-device maker Nostix acquired by Teleflex
BOULDER — Medical-device developer Nostix LLC in Boulder has been acquired by Teleflex Inc. (NYSE: TFX), based in Wayne. Pa.
Nostix’s small engineering division will remain at its facility at 5545 Central Ave., Suite 170, but its brand will change to Teleflex.
Nostix developed catheter-tip confirmation systems that are used to increase the accuracy of placement of peripherally inserted catheters. They are used as an alternative to X-ray confirmation in adult patients.
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Terms of the acquisition were not disclosed. JMP Securities LLC served as financial adviser to Nostix in the transaction.
“Adding the Nostix product line provides our customers with the ability to implement catheter-tip placement solutions that meet their specific therapeutic and budget needs,” said Benson Smith, chairman, president and chief executive of Teleflex, in a prepared statement. “Strategically, the addition of this technology will support Teleflex’s future expansion into tip confirmation for central venous catheters, chronic hemodialysis catheters and ports. We also gain access to an innovative product development pipeline, which includes integrated ultrasound capabilities that will extend our ability to offer differentiated catheter-tip positioning solutions well into the future.”
BOULDER — Medical-device developer Nostix LLC in Boulder has been acquired by Teleflex Inc. (NYSE: TFX), based in Wayne. Pa.
Nostix’s small engineering division will remain at its facility at 5545 Central Ave., Suite 170, but its brand will change to Teleflex.
Nostix developed catheter-tip confirmation systems that are used to increase the accuracy of placement of peripherally inserted catheters. They are used as an alternative to X-ray confirmation in adult patients.
Terms of the acquisition were not disclosed. JMP Securities LLC served as financial adviser to Nostix in the transaction.
“Adding the Nostix product line provides our…
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