Knobbe/Martens: Intellectual Property Law

Representative Exits

Representative Exits

Skybox Imaging Acquisition by Google for $500 Million
Knobbe Martens client Skybox Imaging, Inc. has entered into an agreement to be acquired by Google. Skybox Imaging has built and launched the world’s smallest high-resolution imaging satellite, which collects images and video of the Earth each day. Skybox plans to launch a constellation of 24 imaging satellites that will map the Earth and help keep Google Maps accurate with up-to-date imagery. Over time, Skybox’s technology will be able to help improve Internet access and disaster relief — areas Google has long been interested in. Knobbe Martens has developed Skybox’s patent portfolio for the design of low-earth orbiting imaging satellites and imaging sensors, scheduling image acquisition in a constellation of satellites, and techniques for processing images and video taken by the satellites. 

IDev Technologies Acquired by Abbott Labs for $310 Million
Knobbe Martens Olson and Bear LLP client, IDev Technologies, has entered into an agreement in which Abbott Labs, one of the world’s largest pharmaceutical and healthcare companies, will acquire all outstanding equity of IDev Technologies for $310 million net of cash and debt. IDev Technologies' products include SUPERA Veritas®, a self-expanding nitinol stent system with CE Mark in Europe for treating blockages in blood vessels due to peripheral artery disease. The SUPERA Veritas® is designed based on biomimetic principles – attempting to mimic the body's natural movement – to promote blood flow in the treated area while offering strength and flexibility. These properties are particularly important when considering treatment for blockages in the blood vessels in the knee and thigh.

Knobbe Medical Device Client Ulthera Acquired for $600 Million
Merz and Ulthera, Inc. announced on June 26, 2014 that they have entered a definitive merger agreement pursuant to which Merz will acquire Ulthera, Inc, a global medical device company focused on developing and commercializing technologies for aesthetic and medical applications using its therapeutic ultrasound platform technology. Valued at up to $600 million in upfront cash and milestone payments, the acquisition is the largest in Merz’s history. Founded in 2004, Ulthera is a leader in non-surgical lifting and tightening treatments. Using therapeutic ultrasound technology, the Ulthera® System is the first and only ultrasound platform device to receive FDA clearance for lifting skin on the eyebrow, the neck and under the chin. Ulthera expects sales of more than $100 million in 2014. Orange County Partners, Dr. Salima Merani and Terry Tullis, have represented Ulthera since early 2008. 

EKOS Acquisition by BTG for $180 Million
Knobbe Martens client EKOS Corporation was acquired by BTG (a British pharmaceutical company) for $180 Million and up to $40 million in additional payouts if milestones are met. EKOS is a medical device company that makes ultrasound catheters that use advanced ultrasound excitation to precondition blood clots for rapid clot removal.  Knobbe Martens has been the sole IP counsel for EKOS since 2002.

Start-up and firm client Visiogen, an ophthalmic start-up developing innovative intraocular lenses, was acquired by Abbott Medical Optics for $400 million. In addition to representing Visiogen in acquisition diligence, Knobbe Martens was involved with building the client's patent portfolio.

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