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AngioDynamics to repay existing debt via proceeds from product sales
By Marisa Wong
Los Angeles, June 8 – AngioDynamics, Inc. intends to eliminate existing debt using proceeds from the sale of a combined portfolio of products, according to a press release.
The company announced it completed the sale of its dialysis product portfolio and BioSentry tract sealant system biopsy product to Merit Medical Systems, Inc. for $100 million in cash.
The medical technology company is based in Latham, N.Y.
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