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September 14, 2017

Deals this week: CooperSurgical, Basecare Medical Device, SPR Therapeutics

CooperSurgical Inc has signed an agreement to acquire Teva Pharmaceutical Industries Ltd's PARAGARD (intrauterine copper contraceptive) for $1.1bn in cash.

CooperSurgical Inc has signed an agreement to acquire Teva Pharmaceutical Industries Ltd's PARAGARD (intrauterine copper contraceptive) for $1.1bn in cash.

The deal will enable CooperSurgical to repay term loan debt and reinforce its central nervous system (CNS) in addition to its respiratory business areas.

CooperSurgical is a medical and surgical products provider based in the US, while Teva is an Israeli pharmaceutical company.

Chinese firm Basecare Medical Device Co Ltd has secured CNY100m ($15.34m) in a series B funding round.

The company plans to use the funds towards the development of third-generation test-tube baby technology.

"The company plans to use the funds towards the development of third-generation test-tube baby technology."

SPR Therapeutics LLC has secured $25m in a series C venture funding round led by a family office and Frontcourt Ventures.

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The US-based company plans to use the funds towards the commercialisation of its FDA-cleared SPRINT peripheral nerve stimulation (PNS) system and additional research.

Cheetah Medical Inc has secured an additional $11.76m in a series C funding round, bringing the total funding to $40.61m. The company previously raised $14.4m in an extended series C financing round in February.

The US-based firm intends to use the stocks towards the expansion of its business in the country.

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