Stryker Corporation announced today a definitive agreement to acquire SafeAir AG, a Swiss medical device company dedicated to the design, development and manufacture of innovative surgical smoke evacuation solutions.
The company’s smoke evacuation products help reduce staff and patient exposure to hazards associated with surgical smoke.
“The acquisition of SafeAir AG is highly complementary to the Surgical business of Stryker’s Instruments division, and strengthens our smoke evacuation portfolio in both the U.S. and Europe,” said Timothy J. Scannell, Group President, MedSurg and Neurotechnology. “This acquisition aligns with Stryker’s focus of providing solutions that result in a higher quality of care and level of safety for both healthcare professionals and patients.”
The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2018.
Source: Street Insider
The new company will have four complementary businesses: Perfumery & Beauty, Food & Beverage/Taste & Beyond, Health, Nutrition & Care and Animal Nutrition & Health, each with strong market positions and expertise to address emerging consumer trends. The businesses will also prioritize environmental sustainability, health and well-being.
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Danish pharma Novo Nordisk has announced plans to invest 5.4 billion Danish kroner to expand its existing facilities in Bagsværd. The project will establish extra R&D capacity for manufacturing APIs to supply the company’s global clinical trials for oral and injectable products. The expansion is expected to be finished in 2024, creating about 160 new jobs.
