AngioDynamics buys FlowMedica renal assets

Interventional technology developer AngioDynamics has purchased the Benephit renal therapy product line from medical device firm FlowMedica.

Queensbury, NY-based AngioDynamics will pay $1.75 million in cash for the business assets, plus a contingent payment based on fiscal 2011 sales of Benephit products. AngioDynamics said it has hired 10 FlowMedica employees and plans to continue to operate from FlowMedica's Fremont, CA, office.

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