Megadale makes equipment for the medtech and life-sciences sectors but a cancelled contract by a major multinational forced the company into liquidation.
US medical device maker Teleflex is carving up its business in a series of deals totalling $2bn with private equity firms acquiring the Irish operations.
The multinational has struck a deal to sell its Galway design and manufacturing hub to Quasar Medical. Its Roscommon site is untouched by the deal.
The National Standards Authority of Ireland was suspended from certifying in-vitro diagnostic devices for three months, all the while the agency faces an “overhaul” by the Government.
The National Standards Authority of Ireland suspended certifying certain types of medical devices. Meanwhile, the government is planning an overhaul of the agency.
The start-up, formed just this year, is building a device for treating internal bleeding and tumours and Elkstone and Atlantic Bridge have now backed it.
The Dublin-based company makes glue for closing wounds and has been acquired as part of a broader €180 million deal.
The Galway medtech start-up is preparing trials for its device for diabetics in the US and is planning a funding round in the coming months.
The US-listed company, which owns a medical device plant in Galway, moved its incorporation – and tax residence – from Switzerland to Ireland this week.
AQF Medical makes specialist packaging for the medical device sector and has been picked up by the Nasdaq-listed firm. The deal means another exit for Irish private equity firm Renatus Capital Partners.
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