News

Radius Medical, LLC, a privately-owned company based in Newport Beach, CA sold their product portfolio including exclusive license and marketing rights to Formagraft(R) Bone Graft Strips, Formagraft Bone Graft Granules, and the underlying collagen technology to NuVasive, Inc. (Nasdaq: NUVA), a medical device company focused on developing products for minimally disruptive surgical treatments for the spine. Pursuant to the acquisition agreements, NuVasive made a closing payment of $16 million. Radius Medical was represented in the transaction by Partner Larry Cerutti and Associate Rushika Kumararatne of Rutan & Tucker's Corporate Section.