Best Medical to acquire Novoste's VBT assets

Best Medical International of Fairfax, VA, has signed an agreement to acquire all the vascular brachytherapy (VBT) assets of Norcross, GA-based Novoste.

Best designs, distributes, and manufactures radiation products for the oncology, urology, neurology, and gynecology markets.

Completion of the deal is subject to the satisfaction of certain conditions, including the issuance of regulatory licenses necessary for the continuation of the VBT business to Best, and the closing of the previously announced merger between Novoste and extremity MRI developer ONI Medical Systems of Wilmington, MA.

By AuntMinnie.com staff writers
August 26, 2005

Related Reading

Novoste, ONI to merge, May 19, 2005

Novoste shows steep Q1 downturn, signs Guidant deal, April 22, 2004

Novoste suspends Mobile trial, restructures company, August 27, 2003

Novoste posts profitable Q2, July 24, 2003

Novoste promotes Green, May 15, 2003

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