St. Jude Medical Acquires Spinal Modulation Inc. For $175M

St. Jude Medical recently exercised its option to acquire Spinal Modulation Inc. for approximately $175 million in a deal that is expected to close in the second quarter of 2015. The acquisition includes Spinal Modulation's Axium Neurostimulator System, which stimulates the dorsal root ganglion (DRG) to treat intractable pain.
Source: Medical Design Online News - Category: Medical Equipment Source Type: news