×

Medical tech provider Teleflex to buy NeoTract in $1.1 bln deal

Sept 5 (Reuters) - Medical technologies provider Teleflex Inc said on Tuesday it would buy privately-held NeoTract Inc in a deal valued at up to $1.1 billion.

Teleflex said it will pay NeoTract an upfront payment of $725 million when the deal closes and an additional $375 million when it achieves certain commercial milestones related to sales through the end of 2020. (Reporting by Divya Grover in Bengaluru; Editing by Savio D'Souza)