Integra LifeSciences Holdings Corp. (IART) announced that Integra Spine has acquired substantially all of the assets of Innovative Spinal Technologies Inc. or IST for $9.25 million in cash.
Integra Spine expects to launch the Paramount MIS / Open system in the first quarter of 2010. The Paramount MIS Fusion System participates in a market with an estimated value of $678 million, according to a 2009 iData Research Report.
This acquisition is expected to be neutral to Integra's earnings in 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.