Stryker has acquired OtisMed, a software technology company, and plans to buy assets for operating the Sonopet Ultrasonic Aspirator from Japan’s Mutoh Co. and Synergetics USA, according to a release from Stryker.
The Sonopet deal is worth $67 million in upfront payments to the company as well as potential future milestone and royalty payments of up to an additional $36 million.
OtisMed will become part of Stryker’s Orthopaedics division but will still be based in Alameda, Calif.
Read Stryker’s release on OtisMed and the Sonopet Ultrasonic Aspirator.
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