Sunday, December 3, 2023
OANDP-L
  • Login
No Result
View All Result
The O&P EDGE
  • PECOS
  • Magazine
    • Subscription
    • Current Issue
    • Issue Archive
    • News Archive
    • Product & Service Directory
    • Advertising Information
    • EDGE Flipbooks
  • O&P Jobs
    • Find a Job
    • Post a Job
  • EDGE Advantage
    • EA Homepage
    • EA Data
  • O&P Facilities
  • Resources
    • Product & Service Directory
    • Calendar
    • Contact
    • About Us
    • O&P Library
    • The Guide
    • Custom Publications
    • Advertising Information
    • EDGE Direct
    • Amplitude Media Group
  • PECOS
  • Magazine
    • Subscription
    • Current Issue
    • Issue Archive
    • News Archive
    • Product & Service Directory
    • Advertising Information
    • EDGE Flipbooks
  • O&P Jobs
    • Find a Job
    • Post a Job
  • EDGE Advantage
    • EA Homepage
    • EA Data
  • O&P Facilities
  • Resources
    • Product & Service Directory
    • Calendar
    • Contact
    • About Us
    • O&P Library
    • The Guide
    • Custom Publications
    • Advertising Information
    • EDGE Direct
    • Amplitude Media Group
No Result
View All Result
The O&P EDGE Magazine
No Result
View All Result
Home News

Otto Bock Acquires 100 Percent of Neurostream Technologies

by The O&P EDGE
June 20, 2011
in News
0
SHARES
66
VIEWS
Share on FacebookShare on Twitter

Otto Bock Healthcare, Duderstadt, Germany, became the sole owner of Quebec, Canada-based Neurostream Technologies. Otto Bock acquired the 44.4 percent interest held by its joint venture partner, Victhom Human Bionics, Saint-Augustin-de-Desmaures, Quebec, for $10 million (CAD) in cash plus royalty payments on the future net sales of the Neurostep® System and the eventual monetization proceeds of Neurostream’s sleep apnea and epilepsy technologies.

The sale was triggered by a call right in favor of Otto Bock to acquire Victhom’s indirect interest in Neurostream, as Neurostream failed to achieve certain partnership milestones by May 1, 2010, linked to the European certification of the Neurostep System.

The effective date of the transaction will be June 30, 2011, at which time Otto Bock will pay the first tranche of $5 million (CAD) of this consideration, the balance being payable on February 1, 2012, and secured by a first-demand irrevocable bank guarantee.

“Neurostimulation is clearly identified as a further driver of growth for Otto Bock that opens a new technological field for us,” said Johannes Schneider-Littfeld, CEO of Neurostimulation, Otto Bock. “Further to our work during the last years, we will now be able to consolidate all neurostimulation activities of the group and reach synergies in development, manufacturing, and sales and marketing with the other neurostimulation sites: Neurodan in Aalborg, Denmark, and Otto Bock, Vienna, Austria.”

Related posts:

  1. Otto Bock, Victhom Partner on Neurostep
  2. New Applications of CAD/CAM
  3. Hanger Announces 2006 4Q Revenue, Sales Growth
  4. Ekso Bionics Reports 4Q, Year-end 2016 Results
Previous Post

Amputee Runner Jogs 630 Miles Along British Coast

Next Post

Chemical Cocktail May Aid Limb Regeneration

Next Post

Chemical Cocktail May Aid Limb Regeneration

  • VIEW CURRENT ISSUE
  • SUBSCRIBE FOR FREE

RECENT NEWS

News

Factors Identified to Maximize Telehealth Walking Self-management Intervention

by The O&P EDGE
November 21, 2023

Researchers conducted a study in an effort to understand therapist-identified factors influencing clinical adoption of a telehealth walking self-management intervention...

Read more

Wearable Hand Orthosis Aids Child in Daily Life

Minimal Exercise Can Benefit Lower-limb Amputees

Prosthetist Named Chief Clinical Officer

Get unlimited access!

Join EDGE ADVANTAGE and unlock The O&P EDGE's vast library of archived content.
SUBSCRIBE TODAY

O&P JOBS

Eastern

Certified Pedorthist

Central

Clinical Manager

Central

Certified Prosthetist/Orthotist (CP/CPO)

 

© 2023 The O&P EDGE

  • About
  • Advertise
  • Contact
  • EDGE Advantage
  • OANDP-L
  • Subscribe

CONTACT US

866-613-0257

[email protected]

201 E. 4th St
Loveland, CO 80537

The most important industry news and events delivered directly to your inbox every week.

  • About
  • Advertise
  • Contact
  • EDGE Advantage
  • OANDP-L
  • Subscribe

© 2023 The O&P EDGE

No Result
View All Result
  • PECOS
  • MAGAZINE
    • SUBSCRIBE
    • CURRENT ISSUE
    • ISSUE ARCHIVE
    • NEWS ARCHIVE
    • PRODUCTS & SERVICES DIRECTORY
    • ADVERTISING INFORMATION
  • O&P JOBS
    • FIND A JOB
    • POST A JOB
  • EDGE ADVANTAGE
    • EA Homepage
    • EA Data
  • FACILITIES
  • RESOURCES
    • PRODUCTS & SERVICES DIRECTORY
    • CALENDAR
    • CONTACT
    • ABOUT US
    • O&P LIBRARY
    • THE GUIDE
    • CUSTOM PUBLICATIONS
    • ADVERTISING
    • EDGE DIRECT
    • AMPLITUDE
  • OANDP-L
  • LOGIN

© 2023 The O&P EDGE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
The O&P EDGE Magazine
 
Required 'Candidate' login to applying this job. Click here to logout And try again
 

Login to your account

  • Forgot Password? | Sign Up

Reset Password

  • Already have an account? Login

Enter the username or e-mail you used in your profile. A password reset link will be sent to you by email.

Signup to your Account

  • By clicking checkbox, you agree to our Terms and Conditions and Privacy Policy

    Already have an account? Login

Close
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Account Activation

Before you can login, you must activate your account with the code sent to your email address. If you did not receive this email, please check your junk/spam folder. Click here to resend the activation email. If you entered an incorrect email address, you will need to re-register with the correct email address.