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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.