Volcano wraps up Axsun buy

AuntMinnie.com staff writers
Jan 7, 2009

Intravascular ultrasound developer Volcano has completed its acquisition of optical coherence tomography (OCT) firm Axsun Technologies.

The San Diego-based firm paid approximately $21.5 million in cash at closing for Axsun of Billerica, MA. Volcano said it believes Axsun's proprietary OCT technology will accelerate its OCT product development programs and provide it with competitive advantages in the invasive imaging sector.

Related Reading

Volcano to acquire Axsun, January 6, 2009

Volcano launches new products, October 16, 2008

Volcano acquires Novelis for $12 million, May 20, 2008

Volcano reaches milestone, May 13, 2008

Volcano launches new products, March 31, 2008

Copyright © 2009 AuntMinnie.com

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