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Altura Medical sold to Lombard Medical for up to $50.5M
Silicon Valley Business Journal

Altura Medical, a venture-backed stent graft developer, has been acquired by Lombard Medical in a deal valued at up to $50.5 million. Irvine-based Lombard is issuing $15 million of its stock (NASDAQ:EVAR) at $4 a share in connection to the deal, taking on $5.5 million in bank debt and assuming $2.5 million in certain liabilities and transaction-related costs. It has also agreed to $27.5 million more in payments tied to milestones being achieved over the next five years.