Swedish medical technology developer BoneSupport AB acquires ultrasound-based devices developer Ultrazonix DNT AB.

NORDIC BUSINESS REPORT-11 September 2008-Swedish medical technology developer BoneSupport AB acquires ultrasound-based devices developer Ultrazonix DNT AB(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish medical technology developer BoneSupport AB said on Thursday (11 September) that it has agreed to acquire the medical ultrasound devices developer Ultrazonix DNT AB for an undisclosed sum.

Ultrazonix, based in Lund, Sweden, develops ultrasound-based devices for treating slipped disks. The company's product is approved in Europe and the US. Ultrazonix has four employees.

In connection with the acquisition BoneSupport will carry out a directed new shares issue to raise SEK122m for its growth and product launch programmes.

BoneSupport, headquartered at the Ideon Science Park in Lund, Sweden, develops injectable bone-like materials for the treatment of various defects, including fragility fractures caused by osteoporosis. The company has 24 employees in Sweden, Germany and the US.

One British pound (GBP) is worth approximately 11.72 Swedish kronor (SEK).

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