Axogen Raises $200 Million to Fund BioCircuit Buyout Focused on Sutureless Nerve Repair
Axogen Inc. agreed on Thursday to acquire privately held BioCircuit Technologies Inc., a medical device manufacturer, for $200 million in cash. The acquisition is focused on BioCircuit's sutureless nerve repair technology.
Why it matters — The acquisition expands Axogen's portfolio in nerve repair by adding BioCircuit's sutureless technology, which could affect the company's product offerings and competitive position.