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Broncus Technologies, Inc.
Company Summary
Broncus Technologies develops and sells innovative solutions for diagnosing and treating lung diseases. The Company’s LungPoint® system allows physicians to plan bronchoscopic procedures and navigate to locations in the lungs accurately and quickly. Its FleXNeedle™ catheter is used to obtain biopsy samples and access to hard-to-reach targets.
Transaction Overview
On 22, October, 2012, LifeTech Scientific Corporation, DiNova Venture Partners, and Themes Investment Partners, and Broncus Technologies, announced a global strategic partnership through the formation of Broncus Medical.
Significance of the Transaction
Following a recent strategic partnership with Medtronic, the acquisition will allow LifeTech Scientific to increase revenue generation from a novel technology as well as launch into a large and growing market (China). Today, LifeTech Scientific is worth over ‘6x’ its value from the time of the transaction.
Healthios Role
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