The Deal
Sunday, October 12, 
2:43 am


[Posted on August 23, 2007 - 4:51 PM]

A pile of moneyIn one of the biggest VC deals of the year, Globus Medical Inc. raised $110 million in venture funding led by Clarus Ventures. This is the fifth and largest round of funding raised by the four-year-old company, which develops a variety of spine implants, and had sales of $82 million last year. The medical device maker plans to use the money to develop additional products and fund clinical trials. The funding comes a few days after Globus agreed to pay the U.S. subsidiary of Synthes Inc., a Swiss spinal implant firm between $13 million and $35 million as part of a legal settlement, according to The Philadelphia Enquirer. Synthes had sued Globus, which was founded by a group of former Synthes employees, for misappropriating trade secrets. —Stacey Higginbotham

See Aug. 24 story from TheDeal.com
See Aug. 21 story from The Philadelphia Inquirer

Tags: ,

Post a comment
Search


The Tech Confidential Network
The Tech Confidential Network unites the leading voices from around the Internet on the topics of high-tech startups, venture capital and investment exits. Bloggers and publishers that want to expand their readership and monetize their content are encouraged to apply to join the Tech Confidential Network.


Video

Inside The Deal: Milbank Tweed's Bruno on the benefits of patent protection

millbank200.gif
Milbank Tweed's Frank Bruno on how IP patents increase chances of funding and future exit
 




Windward Ho!

Startups In New York




Syndicate


Fast Search


Categories
Monthly Archives

©Copyright 2008, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.
Sponsored by