Laguna Hills-based medical technology company Wallaby Medical said on Thursday that it has acquired phenox GmbH, a German company developing technology in the neurovascular area. According to
Wallaby, which has its main offices in Laguna Hills, California and Shanghai, China, and Bochum, Germany-based phenox have been strategic partners since 2019. The deal is valued at about 500 million euros, including milestone payments, or the equivalent of more than $542 million.