UPDATE: RTI Surgical Announces Deal with Medtronic, Includes Transfer Fee Structures, Rights to IP
October 16, 2013 at 08:32 AM EDT
RTI (NASDAQ: RTIX ) announced today that it has entered into a new agreement with Medtronic Sofamor Danek USA, Inc. (MSD) to process allograft implants for use in spinal surgeries. The initial term of the agreement runs until Dec. 31, 2017 with two five year extensions available through 2027. The terms of the