The deal includes $250 million in cash upfront and additional payments based on reaching commercial and reimbursement milestones.
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The company plans to use most of the $3.7 billion in after-tax proceeds from the biopharma solutions sale to repay debt.
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The company paid $300 million to buy certain maternal fetal medicine and gynecological surgery products.
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Companies can make limited modifications on certain devices and manufacturing processes to address supply shortages or production limitations.
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Investor concerns that interest in GLP-1s will slow demand for medical devices and procedures have shaved roughly $370 billion in value from stocks across the medtech sector, according to research by Mizuho.
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President Joe Biden outlined the planned program as part of an executive order on “safe, secure, and trustworthy” AI.
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