News | Women's Health | November 14, 2018

Merit will continue to market Cianna’s wire-free breast localization products, including Scout and Savi Brachy technologies

Merit Medical Completes Acquisition of Cianna Medical

November 14, 2018 — Disposable device manufacturer Merit Medical Systems Inc. announced the closing of a definitive merger agreement to acquire Cianna Medical Inc., headquartered in Aliso Viejo, Calif. The deal structure includes an upfront payment of $135 million with potential earn-out payments of an additional $15 million for achievement of supply chain and scalability metrics, and up to an additional $50 million for achievement of sales milestones.

Cianna Medical develops, manufactures and markets products for wire-free breast localization, designed to reduce costs, improve quality, and reduce the anxiety and stress breast cancer treatments place on women and their families. Its research and development (R&D) and commercialization teams developed the first non-radioactive, wire-free breast localization system and what it calls the world’s only technology that utilizes radar in human tissue. Its Scout and Savi Brachy technologies are U.S. Food and Drug Administration (FDA)-cleared and address unmet needs in the delivery of radiation therapy, tumor localization and surgical guidance.

The Scout device has grown from $1 million in revenues in its 2015 debut to a projected $29 million in revenues in 2018. Current estimated market share is approximately 5 percent with no revenues currently outside the United States.

Merit Chairman and CEO Fred P. Lampropoulos said the Savi Scout is complementary to Merit’s strategic biopsy initiatives, noting that the product is pending CE mark approval in addition to its FDA clearance. Lampropoulos added that Merit intends to market the Savi Brachy, but only the catheter and not the radiation seeds.

For more information: www.ciannamedical.com, www.merit.com


Related Content

News | Radiology Imaging

February 23, 2024 — The American Society of Radiologic Technologists (ASRT) launched its "Be Seen" campaign today to ...

Time February 23, 2024
arrow
News | Breast Imaging

February 23, 2024 — ScreenPoint Medical is showcasing its industry leading Transpara Breast AI at the 2024 European ...

Time February 23, 2024
arrow
News | Breast Imaging

February 22, 2024 — The FAST-Forward randomized trial from the UK found that ultrahypofractionated whole breast ...

Time February 22, 2024
arrow
News | Radiation Oncology

February 22, 2024 — The National Institutes of Health has launched a clinical trials network to evaluate emerging ...

Time February 22, 2024
arrow
News | Teleradiology

February 21, 2024 —Yellowcross Healthcare Commerce, a telemedicine practice management organization, launched a new ...

Time February 21, 2024
arrow
News | Artificial Intelligence

February 22, 2024 — Hartford HealthCare has announced the unveiling of its Center for AI Innovation in Healthcare ...

Time February 21, 2024
arrow
Videos | Information Technology

Industry trade shows and conferences seem to be making their comeback in 2024. And the Healthcare Information and ...

Time February 21, 2024
arrow
News | Computed Tomography (CT)

February 20, 2024 — Ultrahigh-spatial-resolution photon-counting detector CT improved assessment of coronary artery ...

Time February 20, 2024
arrow
News | Breast Imaging

February 20, 2024 — Annual breast cancer screening beginning at age 40 and continuing to at least age 79 results in the ...

Time February 20, 2024
arrow
Sponsored Content | Videos | Enterprise Imaging

Clinicians and referring physicians need fast, secure access to both patient data and their diagnostic or viewing tool ...

Time February 15, 2024
arrow
Subscribe Now