Monday, February 26, 2007

Cytyc Acquires Adiana

Cytyc Corp, a provider of surgical and diagnostic products, said today that it has acquired Redwood City-based Adiana, inc. a company that has developed a novel, non-incisional alternative to tubal ligation for permanent contraception for women. The deal is worth $60M plus earnout which is worth up to $125M. Adiana is venture backed by Abingworth, Alloy Ventures, Boston Scientific, Charter Ventures, Delphi Ventures, Forward Ventures, Kaiser Permanente, Oakwood Medical Investors, OrbiMed, Sears Capital, Stanford University, and Tullis-Dickerson & Co.