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US Surgical completes Valleylab acquisition and boosts research and development

Net income for US Surgical in the first-quarter was $25 million, compared with $30 million in the previous quarter, despite a growth in sales of 11% to reach $317 million. During the quarter the company completed the integration of Valleylab, which it bought from Pfizer. US Surgical claims the acquisition has positioned it as the world leader in electrosurgical and ultrasonic product sales.

Net income for US Surgical in the first-quarter was $25 million, compared with $30 million in the previous quarter, despite a growth in sales of 11% to reach $317 million. During the quarter the company completed the integration of Valleylab, which it bought from Pfizer. US Surgical claims the acquisition has positioned it as the world leader in electrosurgical and ultrasonic product sales.

US Surgical increased R&D expenditure by 41% to $23.4 million in the quarter ended March 31. The company plans a...

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