Device company Teleflex Inc. is to acquire Israeli company Eon Surgical, Ltd. in a deal, the terms of which have not been disclosed. Eon Surgical is described as a late stage development company that has advanced a minimally invasive microlaparoscopy surgical platform technology designed to enhance surgeons’ ability to perform scarless surgery while producing better patient outcomes.
With its purchase of Eon Surgical, Teleflex is no doubt hoping to use its muscle to remove barriers to broad market adoption of the basket of techniques and technologies known as microlaparoscopy. Unlike NOTES (Natural OrificeTranslumenal Endoscopic Surgery™) or single incision surgery, microlaparoscopy provides surgeons a mechanism for performing minimally invasive procedures without significant changes in technique. The technology has the ability to be utilized for an entire procedure or as an adjunct to existing approaches that require additional access without adding to larger incisions and the associated risks.
While there are current technologies being marketed for use in microlaparoscopy or needlescopic approaches, adoption has not been significant due to limitations of available devices.
“This acquisition is consistent with our focus on innovative technologies and will greatly expand Teleflex’s offerings that address the significant market opportunity for minimally invasive laparoscopic procedures,” said Benson Smith, Chairman, President and CEO.
for Eon Surgical
Danny Farin, CEO and co-founder of Eon Surgical, stated, “We are proud to be associated with a prestigious industry partner like Teleflex. This is a wonderful opportunity to accelerate the global expansion of our innovative platform, while providing the highest level of support to surgeons throughout the world. I am very thankful for the opportunity to work with Eon’s synergistic, highly skillful and professional team.”
Source: Teleflex, Inc., Business Wire