India, June 24 -- SINTX Technologies, Inc. (SINT), an advanced ceramics medical device maker, announced Tuesday that it has executed a Definitive Agreement to acquire the surgical business assets of SiNAPTIC Holdings, LLC, a privately held company focused on silicon nitride ceramic manufacturing and innovation.
This transaction is a significant milestone in SINTX's strategy to acquire a potential competitor and drive commercial revenue growth and expand its product portfolio in the foot and ankle fusion market.
Under the terms of the agreement, SINTX has acquired all intellectual property, product designs, and development assets related to six differentiated foot and ankle implant systems.
In consideration for the acquired assets, SINTX ...