Abiomed buys Maryland medical device startup

Publicly traded medical device company Abiomed Inc. has acquired a health technology startup that spun out of the University of Maryland, Baltimore. Abiomed (NASDAQ: ABMD) announced late last week that it has acquired Breethe Inc., a Maryland company that makes a kind of artificial lung, based on technology that was spun out of UMB in 2014. Breethe will operate as a subsidiary of Abiomed, according to an Abiomed spokesperson. All Breethe emplo yees are expected to keep their current positions and…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news