{"id":910512,"date":"2025-11-17T06:03:46","date_gmt":"2025-11-17T11:03:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/surmodics-announces-ftc-does-not-intend-to-appeal-denial-of-injunction-order-preventing-closing-set-to-expire-today\/"},"modified":"2025-11-17T06:03:46","modified_gmt":"2025-11-17T11:03:46","slug":"surmodics-announces-ftc-does-not-intend-to-appeal-denial-of-injunction-order-preventing-closing-set-to-expire-today","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/surmodics-announces-ftc-does-not-intend-to-appeal-denial-of-injunction-order-preventing-closing-set-to-expire-today\/","title":{"rendered":"Surmodics Announces FTC Does Not Intend to Appeal Denial of Injunction, Order Preventing Closing Set to Expire Today"},"content":{"rendered":"

<\/p>\n

Surmodics Announces FTC Does Not Intend to Appeal Denial of Injunction, Order Preventing Closing Set to Expire Today<\/b><\/p>\n

EDEN PRAIRIE, Minn.–(BUSINESS WIRE<\/a>)–
\nSurmodics, Inc. (Nasdaq: SRDX) (\u201cSurmodics\u201d or the \u201cCompany\u201d), a leading provider of medical device and in vitro diagnostic technologies to the health care industry, today announced that it expects to close its previously announced acquisition (the \u201cMerger\u201d) of the Company by an affiliate of GTCR LLC (\u201cGTCR\u201d) promptly. In a joint status report filed with the United States District Court for the Northern District of Illinois (the \u201cDistrict Court\u201d), the Federal Trade Commission (\u201cFTC\u201d) and certain state regulators (\u201cPlaintiffs\u201d) stated that they do not intend to appeal the November 10, 2025 ruling by the District Court denying the Plaintiffs\u2019 motion for a preliminary injunction to prevent the closing of the Merger.<\/p>\n

\n\u201cWith incremental clarity from the FTC, we are pleased to be able to move forward with closing the acquisition by GTCR,\u201d said Gary Maharaj, President and CEO of Surmodics, Inc. \u201cOur team is now working to do so expeditiously, for the benefit of all of our stakeholders.\u201d<\/p>\n

\nConsummation of the Merger remains subject to a Temporary Restraining Order (\u201cTRO\u201d) under which the parties to the Merger may not consummate the Merger prior to 5:00 p.m. Central Time on Monday, November 17, 2025. The Plaintiffs, Surmodics, and GTCR have jointly moved the District Court to terminate this TRO. Consummation also remains subject to the satisfaction or waiver of closing conditions set forth in the agreement related to the Merger (the \u201cmerger agreement\u201d), including (1) the absence of any injunction or other legal restraint or prohibition that would prevent or prohibit the consummation of the Merger, (2) the absence of a \u201cCompany Material Adverse Effect\u201d (as defined in the merger agreement) with respect to the Company and (3) other customary closing conditions.<\/p>\n

About Surmodics, Inc.<\/b><\/p>\n

\nSurmodics is a leading provider of performance coating technologies for intravascular medical devices and chemical and biological components for in vitro diagnostic immunoassay tests and microarrays. Surmodics also develops and commercializes highly differentiated vascular intervention medical devices that are designed to address unmet clinical needs and engineered to the most demanding requirements. This key growth strategy leverages the combination of the Company\u2019s expertise in proprietary surface modification and drug-delivery coating technologies, along with its device design, development, and manufacturing capabilities. The Company\u2019s mission is to improve the detection and treatment of disease. Surmodics is headquartered in Eden Prairie, Minnesota. For more information, visit www.surmodics.com<\/a>. The content of Surmodics\u2019 website is not part of this press release or part of any filings that the Company makes with the Securities and Exchange Commission (the \u201cSEC\u201d).<\/p>\n

Safe Harbor for Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements. Statements that are not historical or current facts, including statements regarding the Company\u2019s expectation regarding the closing date of the Merger, the Company\u2019s ability to move forward with closing the Merger, conditions for consummation of the Merger, and the Company\u2019s key growth strategy are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated, including the factors identified under \u201cRisk Factors\u201d in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, and updated in our subsequent reports filed with the SEC. These reports are available in the Investors section of our website at https:\/\/surmodics.gcs-web.com<\/a> and at the SEC website at www.sec.gov<\/a>. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251117640716\/en\/<\/a><\/span><\/p>\n

\nSurmodics Investor Inquiries:
\n
Jack Powell, Investor Relations
\n
ir@surmodics.com<\/a><\/p>\n

\nSurmodics Public Relations Inquiries:
\n
pr@surmodics.com<\/a><\/p>\n

KEYWORDS:<\/b> Minnesota United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Medical Devices Health Surgery Other Health General Health Biotechnology<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Surmodics Announces FTC Does Not Intend to Appeal Denial of Injunction, Order Preventing Closing Set to Expire Today EDEN PRAIRIE, Minn.–(BUSINESS WIRE)– Surmodics, Inc. (Nasdaq: SRDX) (\u201cSurmodics\u201d or the \u201cCompany\u201d), a leading provider of medical device and in vitro diagnostic technologies to the health care industry, today announced that it expects to close its previously announced acquisition (the \u201cMerger\u201d) of the Company by an affiliate of GTCR LLC (\u201cGTCR\u201d) promptly. In a joint status report filed with the United States District Court for the Northern District of Illinois (the \u201cDistrict Court\u201d), the Federal Trade Commission (\u201cFTC\u201d) and certain state regulators (\u201cPlaintiffs\u201d) stated that they do not intend to appeal the November 10, 2025 ruling by the District Court denying the … <\/p>\n

Continue reading “Surmodics Announces FTC Does Not Intend to Appeal Denial of Injunction, Order Preventing Closing Set to Expire Today”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-910512","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSurmodics Announces FTC Does Not Intend to Appeal Denial of Injunction, Order Preventing Closing Set to Expire Today - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/surmodics-announces-ftc-does-not-intend-to-appeal-denial-of-injunction-order-preventing-closing-set-to-expire-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Surmodics Announces FTC Does Not Intend to Appeal Denial of Injunction, Order Preventing Closing Set to Expire Today - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Surmodics Announces FTC Does Not Intend to Appeal Denial of Injunction, Order Preventing Closing Set to Expire Today EDEN PRAIRIE, Minn.–(BUSINESS WIRE)– Surmodics, Inc. (Nasdaq: SRDX) (\u201cSurmodics\u201d or the \u201cCompany\u201d), a leading provider of medical device and in vitro diagnostic technologies to the health care industry, today announced that it expects to close its previously announced acquisition (the \u201cMerger\u201d) of the Company by an affiliate of GTCR LLC (\u201cGTCR\u201d) promptly. 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