Teleflex has completed the previously announced acquisition of Standard Bariatrics, which has commercialised an innovative powered stapling technology for bariatric surgery. Under the terms of the agreement, Teleflex acquired Standard Bariatrics for US$170 million at closing, with additional consideration of up to US$130 million payable upon the achievement of certain commercial milestones.
Standard Bariatrics have developed the Titan SGS offers surgeons the longest continuous staple cutline of 23cms in sleeve gastrectomy procedures, the first-of-its-kind stapler that may help users achieve more consistent and symmetrical sleeve pouch anatomy, setting their patients up for optimised outcomes.
While every patient's anatomy is different, the Titan SGS long staple line enables surgeons to plan and place staples in one firing, minimising variations sometimes associated with the use of multiple overlapping short-cartridge staple firings. Additionally, the design may result in a more secure staple line and fewer chances of leaks, as evidenced with higher burst pressures.
The Titan SGS was commercially launched in the third quarter of 2021. Standard Bariatrics’ revenues for 2022 are expected to be approximately US$15 million.