Tech Company M&A Transactions
Nellix Acquisition
Nellix, operating out of Palo Alto, was acquired by Endologix. Endologix said the transaction price was $54 million.
Transaction Overview
Company Name
Acquired By
Announced On
10/27/2010
Transaction Type
M&A
Amount
$54,000,000
M&A Terms
Endologix has acquired venture-backed medical device company Nellix Endovascular for $15 million in stock, plus additional milestone-based stock payments totaling as much as $39 million. As part of the acquisition, Nellix's majority investor, Essex Woodlands Health Ventures, will also invest $15 million in the newly combined company.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
2465-B Faber Place
Palo Alto, CA 94303
USA
Palo Alto, CA 94303
USA
Phone
Website
Email Address
Overview
Nellix has developed a revolutionary, percutaneously deliverable endograft for the treatment of Abdominal Aortic Aneurysms and Thoracic Aortic Aneurysms. This aortic endograft device and treatment fills the aneurysm, providing a highly stable and durable seal. The novel technology enables treatment of all aortic aneurysms and provides a distinct advantage over current therapies.
Profile
Social Media
Company News
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Robert Mitchell
Chief Scientific Officer
K.T. Rao
VP - Regulatory Affairs
Theresa Mitchell
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