Endologix Acquires Nellix for $54,000,000

  • Feed Type
  • Date
    10/27/2010
  • Company Name
    Nellix
  • Mailing Address
    2465-B Faber Place Palo Alto, CA 94303
  • Company Description
    Nellix has developed a revolutionary, percutaneously deliverable endograft for the treatment of Abdominal Aortic Aneurysms and Thoracic Aortic Aneurysms. This aortic endograft device and treatment fills the aneurysm, providing a highly stable and durable seal. The novel technology enables treatment of all aortic aneurysms and provides a distinct advantage over current therapies.
  • Website
    http://www.nellix.com
  • Transaction Type
    M&A
  • Transaction Amount
    $54,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Endologix has acquired venture-backed medical device company Nellix Endovascular for $15 million in stock, plus additional milestone-based stock payments totaling as much as $39 million. As part of the acquisition, Nellix’s majority investor, Essex Woodlands Health Ventures, will also invest $15 million in the newly combined company.

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