Ropes & Gray Advises Codman Neuro on Acquisition of Irish Stroke Care Company
International law firm Ropes & Gray has advised global neurosurgery and neurovascular business Codman Neuro – an affiliated company of Johnson & Johnson - on its acquisition of Irish stroke care company Neuravi Limited.
Founded in 2009, Neuravi is a privately held Irish company dedicated to advancing neurovascular therapies and improving clinical outcomes for acute ischemic stroke patients. It has invested extensively in scientific research on the varieties of clots that cause acute ischemic stroke, and has translated learnings into its EmboTrap® Revascularization Platform. The EmboTrap® device is engineered to restore blood flow to the brain by retrieving a clot with its proprietary dual-layer stent-like structure, and it has already been used to treat over 3,000 patients in Europe.
The value of the deal, which was announced today, has not been disclosed.
The Ropes & Gray team was led by partners Kiran Sharma (London) and Steven Wilcox (Boston), assisted by private equity associates Elizabeth Todd and Phil Fogarty, both based in London.