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Medical-device maker Medtronic (MDT Quote) said it will exercise its option to buy the O-arm Imaging System assets of Massachusetts-based Breakaway Imaging.
The financial terms of the agreement, which is expected to close in June, aren't being disclosed.
Breakaway granted Medtronic the exclusive rights to distribute the system and an option to acquire its assets in September 2005. The O-arm Imaging System, which received FDA approval that same year, is intended for use in orthopedic surgical procedures. ...
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