Originally Published MX May/June 2004

BUSINESS NEWS

Biomet Inc. (Warsaw, IN) has entered into an agreement to acquire spinal surgery company Interpore International Inc. (Irvine, CA) for approximately $280 million. Biomet develops products used primarily by musculoskeletal medical specialists in surgical and nonsurgical therapy. The transaction is expected to close in the second quarter of this year.

NeuroMetrix Inc. (Waltham, MA) announced that it has raised $10 million in financing. Participating investors included Whitney & Company LLC (Stamford, CT), Harris & Harris Group Inc. (New York City), Commonwealth Capital Ventures (Wellesley, MA), BancBoston Ventures (Boston), the Massachusetts Institute of Technology (Cambridge, MA), and Delphi Ventures (Menlo Park, CA). NeuroMetrix develops devices for the detection and monitoring of neurological conditions affecting the peripheral nerves and spine.