Navigation Links
ITC Acquires Accumetrics to Form Leading POC Cardiovascular Diagnostics Business
Date:8/30/2013

PISCATAWAY, N.J. and SAN DIEGO, Aug. 30, 2013 /PRNewswire/ -- ITC Nexus Holding Company (ITC), a global leader in hemostasis management and Point-of-Care (POC) testing, today announced it has acquired Accumetrics, a global leader in assessing patient response to all major antiplatelet therapies. Terms of the transaction were not disclosed.

ITC develops, manufactures, and markets the Hemochron® product line, a market-leading POC system used to measure clotting activity for patients undergoing anticoagulation therapy.  Accumetrics develops, manufactures, and markets the VerifyNow® product line, a market-leading POC system used to measure platelet reactivity following antiplatelet therapies, including ADP receptor antagonists and aspirin.

"ITC has a history of innovation and leadership in Point-of-Care coagulation testing and Accumetrics is a pioneer and leader in Point-of-Care platelet function testing," said John Sperzel, Chief Executive Officer (CEO) of ITC. "The combination of ITC's Hemochron® and Accumetrics' VerifyNow® product lines creates a leading hospital-based POC cardiovascular diagnostics business."

"Accumetrics has played a leading role in the development of the antiplatelet monitoring market. The performance of the VerifyNow system has been demonstrated in numerous clinical studies, and we have thousands of satisfied customers around the world," said Accumetrics Chief Executive Officer Timothy I. Still. "I am confident that combining Accumetrics with ITC provides the best opportunity to accelerate the global adoption of the VerifyNow system."

Mr. Sperzel will serve as CEO of the combined company and Greg Tibbitts, Chief Financial Officer of Accumetrics, will serve as CFO of the combined company. Now that the transaction has closed, the process of integrating the ITC and Accumetrics businesses will begin immediately and the leadership teams will work closely to insure a seamless transition for customers. 

The combined company will assume a new name, Accriva Diagnostics, and its corporate headquarters will be established in San Diego. 

Jefferies LLC served as the exclusive financial advisor to Accumetrics and Cooley LLP served as its legal advisor. Willkie Farr & Gallagher LLP served as ITC's legal advisor.

About ITC
ITC is a world leader in the fields of hemostasis management and POC testing with over 40 years of knowledge and experience. ITC develops, manufactures, and markets: Hemochron® and ProTime® POC coagulation systems; IRMA TruPoint® Blood Gas and Electrolyte systems; Avoximeter® CO-Oximetry systems; and Tenderfoot®, Tenderlett® and Surgicutt® skin incision products. For more product information, go to www.itcmed.com

About Accumetrics
Accumetrics is committed to advancing medical understanding of platelet function and enhancing quality of care for patients receiving antiplatelet therapies by providing industry-leading and widely accessible diagnostic tests for rapid platelet function assessment.  Accumetrics' VerifyNow System® is the first rapid and easy-to-use platform to help physicians determine an individual's response to multiple antiplatelet agents. Addressing every major antiplatelet drug, including FDA-cleared products for aspirin, P2Y12 inhibitors (e.g. prasugrel (Effient®) and clopidogrel (Plavix®)), and GP IIb/IIIa inhibitors (e.g. ReoPro® and Integrilin®), the VerifyNow System® provides valuable information to help physicians make informed treatment decisions. For more information about Accumetrics and its products, visit www.accumetrics.com

Media Contact
Kim Ballard, ITC Nexus Dx
Tel: 1 732.548.5700 ext. 4149


'/>"/>
SOURCE ITC Nexus Holding Company
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Imprimis Pharmaceuticals, Inc. Acquires Intellectual Property for Ophthalmic Compound Development Opportunity
2. IDEXX Laboratories Acquires Brazil Distributor
3. Arcturus Therapeutics Acquires Cutting-Edge UNA Patent Estate from Marina Biotech
4. Levine Leichtman Acquires Champion Manufacturing
5. BC Technical Acquires C&G Technologies
6. FMC Corporation Acquires Leading High-Purity Omega-3 Concentrates Producer Epax AS
7. Bausch + Lomb Acquires Option to License New Compound to Treat Dry Eye Syndrome (DES)
8. Integrated Solutions Group, Inc. Acquires California-based Data Strategies, Inc.
9. Belrose Pharma Acquires Enzons Advanced Drug Formulation Technology and Clinical Assets as Foundation for Driving Development of More Effective Injectable and Sustained Release Therapies
10. Perrigo Company Acquires Ophthalmic Product Portfolio From Fera Pharmaceuticals, LLC For An Upfront Payment Of $93 Million
11. Imprimis Pharmaceuticals, Inc. Acquires Intellectual Property Assets from Buderer Drug Company
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/29/2017)...   Royal Philips (NYSE: PHG, AEX: ... PathAI, a company that develops artificial intelligence technology ... develop solutions that improve the precision and accuracy ... The partnership aims to build deep learning applications ... intelligence to be applied to massive pathology data ...
(Date:3/29/2017)... SPRING, Md. , March 29, 2017 On March ... (ocrelizumab) to treat adult patients with relapsing forms of ... This is the first drug approved by the FDA ... a health care professional.  "Multiple sclerosis ... said Billy Dunn , M.D., director of the ...
(Date:3/29/2017)... 2017 FinancialBuzz.com News Commentary  ... The U.S. could see significant economic ... report published by New Frontier Data, the legal cannabis market is ... cannabis legalization in the United States , as ... be a major factor that drives growth in this sector. Medical ...
Breaking Medicine Technology:
(Date:3/29/2017)... ... March 29, 2017 , ... Physicians’ ... a specialized continuing medical education conference for clinicians who manage some of the ... New York. , The program will be led by co- chairs Dr. ...
(Date:3/28/2017)... , ... March 28, 2017 , ... ... that in order to improve teacher quality, the field must first improve teacher ... one popular reform to the next” and that decades of input- and outcome-based ...
(Date:3/28/2017)... CARTERSVILLE, Georgia (PRWEB) , ... March 28, 2017 ... ... analyst to its award-winning team. Ruel Williamson brings his extensive knowledge of appraisals, ... been a leader in the real estate valuation industry for more than 40 ...
(Date:3/28/2017)... ... March 29, 2017 , ... Dr. Isabella Wentz, PharmD, FASCP, ... 9-part video series titled The Thyroid Secret. Dr. Wentz talked about journey and research ... the fact that medication IS NOT the only solution to deal with thyroid disease. ...
(Date:3/28/2017)... ... March 28, 2017 , ... ... physicians, announced today the launch of a free, public-facing tool for analyzing the ... (VCA) was developed to provide comparative information to patients, providers, insurers and pharmaceutical ...
Breaking Medicine News(10 mins):