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MAKO Surgical to acquire assets of Pipeline Biomedical for $2.5M

MAKO Surgical announced that it has entered into an agreement with Pipeline Biomedical Holdings to acquire substantially all of Pipeline's business dedicated to the design, development, manufacture and commercialization of orthopedic devices and related instruments for use with both robotic devices and manual medical procedures. The purchase price for the transaction consists of a credit for a cash down payment previously paid to Pipeline in the amount of $2.5M and the issuance of an aggregate of 3.95M unregistered shares of common stock of MAKO. The parties expect to close the transaction by October 4.