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US FTC, Minnesota, Illinois file memo supporting motion for GTCR-Surmodics injunction

( July 22, 2025, 10:10 GMT | Official Statement) -- MLex Summary: The US Federal Trade Commission and the states of Illinois and Minnesota filed a memorandum with the Northern District of Illinois supporting their motion to preliminarily enjoin GTCR, LLC and GTCR BC Holdings, LLC from acquiring Surmodics. They said Surmodics is the the largest supplier of outsourced hydrophilic coatings for medical devices in the US, and that GTCR has a controlling interest in Biocoat, the second-largest supplier of outsourced hydrophilic coatings for medical devices in the US. An acquisition "represents a permanent truce between Biocoat and Surmodics, ending the intense competition that has spurred each of them to offer better products and services at lower prices."See file attachment. ...

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