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SPECTRANETICS BUYS UPSTREAM PERIPHERAL FOR $5.5 MILLION

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Monday, February 4th, 2013

Colorado Springs, US-based medical laser manufacturer Spectranetics Corp. recently purchased Israel’s Upstream Peripheral Technologies Ltd. for $5.5 million plus additional payments that depend on revenue, technology transfer and other milestones. Upstream, based in Caesarea, has products that reduce the exposure to radiation in both doctors and patients when lasers are used to clear blockages in leg arteries. The products have been cleared by the US Food and Drug Administration and are expected to be launched in the US and Europe in early 2013.