WASHINGTON, March 6 (Reuters) - The U.S. Federal Trade
Commission sued on Thursday to block medical device coatings
maker Surmodics' ( SRDX ) acquisition by private equity firm
GTCR, with the regulatory agency alleging the deal was
anticompetitive.
The FTC said the deal would create a combined company
controlling more than 50% of the market for outsourced
hydrophilic coatings.
"These coatings are often used by medical device
manufacturers and are applied to lifesaving medical devices such
as catheters and guidewires," the regulatory agency said in a
statement.