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Stryker Agrees to Acquire Inari Medical for $4.9 Billion

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Stryker Corporation (“Stryker”) recently announced entering into a definitive agreement to acquire Inari Medical, Inc. (“Inari”) for approximately $4.9 billion.

Inari develops technologies and products for treating pulmonary embolism, deep vein thrombosis, in-stent thrombosis, and arteriovenous fistula.  Inari’s products include the FlowTriever® Retrieval/Aspiration System, the ClotTriever® Thrombectomy System, the RevCore™ Thrombectomy Catheter, and the InThrill™ Thrombectomy System.  Analysts report that venous thromboembolism is a big market affecting 900,000 people in the United States each year.

ClotTriver in Anatomy

Stryker is a global leader in medical technologies, offering medical and surgical equipment and products and services for Neurotechnology and Orthopaedics in about 75 countries, which impact more than 150 million patients annually.

Regarding the forthcoming acquisition, Kevin Lobo, the Chair and Executive Officer of Stryker, stated:

The acquisition of Inari expands Stryker’s portfolio to provide life-saving solutions to patients who suffer from peripheral vascular diseases.  These innovations elevate the standard of care for venous thromboembolism patients and will accelerate Stryker’s impact in endovascular procedures.

Drew Hykes, the Chief Executive Officer of Inari, stated:

Inari has positively impacted the lives of hundreds of thousands of patients through the development of purpose-built tools that address unmet patient needs.  With Stryker’s capabilities and global infrastructure, we will be even better positioned to accelerate the development of innovative new solutions and expand our footprint.

A press release regarding the transaction is available here.

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Matthew Whitehead

Matt is an associate in our Seattle office. His practice includes several areas of intellectual property law, including patent drafting, due diligence, infringement analysis, trademark registration, and licensing. Matt has assisted clients with a diverse range of technologies, such as:

Medical technology: including cancer therapies, orthotic boots and slings, and advanced medical devices for surgery and imaging

Robotic technology: encompassing waste sorting and parcel processing robots, wearable exoskeleton devices, and cutting-edge micro-surgery robots

Space technology: featuring biowaste recycling systems, launch vehicle landing systems, and innovative propulsion systems

Food processing technology: including in automated systems for sorting food items and deboning animal products

Artificial flooring technology: encompassing state-of-the-art products and manufacturing methods for laminate flooring

Prior to joining the firm, Matt worked for Kinex Medical Company as a product engineer and a director of manufacturing operations. In these roles, he played a crucial part in designing and supervising the production of a tablet-powered knee Continuous Passive Motion (CPM) device. Matt also gained valuable legal experience as a law clerk for the Utah Attorney General’s Office in the Tax and Antitrust Division, where he contributed to antitrust regulation efforts in Utah.

Matt earned his Juris Doctor from the University of Utah - S.J. Quinney College of Law. While there, he served on the executive board of the Student Intellectual Property Law Association and was a Note and Comment Editor for the Utah Law Review. Matt also holds a bachelor's degree in mechanical engineering, with an emphasis in robotics and controls, from the University of Utah.

View all posts published by Matthew Whitehead
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