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
Colorcon Ventures, the corporate venture fund of Colorcon Inc., has invested in VeriSIM Life, a San Francisco-based startup with a digital bio-simulation platform that accelerates drug development and reduces animal testing.
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Sanofi has ended a long-running alliance with Sangamo Therapeutics to develop genetic medicines for inherited blood disorders, among them an experimental sickle cell disease therapy that is in early clinical testing.
The two have been developing complex, personalized treatments, led by a sickle cell drug known as SAR445136. But Sanofi is now more interested in off-the-shelf approaches, which are meant to be more convenient.
