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St. Jude Medical Acquires LightLab

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ST. PAUL, Minn., July 9, 2010 — St. Jude Medical Inc., a medical device company located in St. Paul Minn., has acquired Westford, Mass.-based LightLab Imaging Inc. for approximately $90 million in cash. LightLab develops Optical Coherence Tomography (OCT), a high-resolution diagnostic coronary imaging technology that aids physicians in the treatment of cardiovascular disease. The acquisition of OCT technology accelerates the expansion of St. Jude Medical’s cardiovascular growth platform by providing the company with a comprehensive product offering make it more competitive in the intravascular imaging (IVUS)...Read full article

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