Conmed''s New Acquisition Is ''Door-Opener'' For Orthopedic Surgery Business, This Analyst Says
Earlier today, CONMED Corporation (NYSE: CNMD ) agreed to acquire privately held Biorez Inc for $85 million and up to $165 million in commercial-based milestones. Biorez commercializes its BioBrace implant, a bioinductive scaffold used to reinforce soft tissue where weakness exists and promote soft tissue healing. Needham says that in the near term, Biorez is expected to be accretive to revenue growth and gross margins (Biorez''s gross margin is
Conmed''s New Acquisition Is ''Door-Opener'' For Orthopedic Surgery Business, This Analyst Says
Earlier today, CONMED Corporation (NYSE: CNMD ) agreed to acquire privately held Biorez Inc for $85 million and up to $165 million in commercial-based milestones. Biorez commercializes its BioBrace implant, a bioinductive scaffold used to reinforce soft tissue where weakness exists and promote soft tissue healing. Needham says that in the near term, Biorez is expected to be accretive to revenue growth and gross margins (Biorez''s gross margin is