AngioDynamics to buy Israeli co Eximo Medical
US medical device company AngioDynamics Inc. (NASDAQ: ANGO) announced an agreement to acquire Israel laser technology developer Eximo Medical Ltd. for $46 million and up to $20 million in milestone payments.
Based in Rehovot, Eximo Medical is an early commercial stage, medical device company, which has developed a proprietary 355nm wavelength laser technology platform.
Eximo Medical was founded in 2012 by Accelmed fund managed by Dr. Uri Geiger, in cooperation with Incentive incubator managed by Lior Shahori (the incubator is owned by Peregrine Ventures and supported by the Innovation Authority), the entrepreneur Ilan Ben Oren who serves also as Accelmed CTO, Dr. Yossi Muncher and Yoel Zabar. Additional investors other than Accelmed, Arkin Holdings and Peregrine Ventures, include Tal Capital, Rami Lipman, AMIT and the Technion.