St. Jude Medical (NYSE:STJ) announced the completion of its acquisition of Nanostim, Inc., a privately-owned developer of miniaturized, leadless pacemakers. The acquisition adds the world's first and only leadless pacemaker to the St. Jude Medical product portfolio and culminates a two-year partnership between the two companies during which St. Jude Medical invested in and collaborated with Nanostim throughout its product development and commercialization initiatives.
Shares of STJ are higher by about 1.1% in early trading.
Aratana Therapeutics (NASDAQ:PETX) announced that it has entered into a merger agreement providing for the strategic acquisition of Vet Therapeutics, a San Diego-based company with a proprietary antibody-based biologics platform. Under the agreement, Aratana plans to continue to advance the pipeline of high value biologic drugs, including its lymphoma franchise. Importantly, the acquisition of Vet Therapeutics is expected to significantly accelerate Aratana's pathway toward becoming a commercial-stage pet therapeutics company.
PETX is trading higher by more than 10% so far today.
And, The Scotts Miracle-Gro Company (NYSE:SMG) announced that it has reached an agreement with Bell Laboratories, the world's leader in rodent control technology, to acquire the Tomcat consumer rodent control business. "This transaction is consistent with the strategic direction we have articulated," said Jim Hagedorn, chairman and chief executive officer.
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