PENTAX Medical, a division of HOYA Group, has announced an asset purchase agreement to sell its C2 CryoBalloon™ product line to Merit Medical Systems. The transaction will allow PENTAX Medical to focus on its core business of flexible reusable endoscopy, while Merit Medical will integrate the C2 CryoBalloon™ technology into its endoscopy portfolio. Manufacturing will be transferred to Merit's facility in Utah, and several PENTAX Medical employees will join Merit Medical as part of the transition.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hoya Corporation published the original content used to generate this news brief via CNW (Ref. ID: C6614) on October 15, 2025, and is solely responsible for the information contained therein.