Friday, April 22, 2022

Wallaby Medical Acquires Phenox

Laguna Hills-based medical technology company Wallaby Medical said on Thursday that it has acquired phenox GmbH, a German company developing technology in the neurovascular area. According to the company, it is paying approximately EUR 500 million for phenox. According to Wallaby, Prof. Dr.-Ing. Hermann Monstadt, Founder of phenox, will assume the role of Managing Director of phenox. Wallaby Medical is developing and commercializing neurovascular interventional products for treating stroke. Wallaby is led by CEO Michael Alper.