Medical technology startup Uri-Dent announced yesterday that it had been bought by dental equipment giant Dentsply.
The size of the deal has not been published, but TheMarker has learned that payment will be spread over 10 years, and that if certain sales targets are met, the company's shareholders will receive as much as $100 million.
Dentsply's sales total some $2 billion a year, and the company is traded on Wall Street according to a market value of $4.74 billion.
Uri-Dent, which was founded in 2003 by Dr. Uri Zilberman, has developed a special dental crown for children made of an anti-allergenic polymer.
Up to now, the chief scientist and private companies have invested some $400,000 in the development of the product.
The company's shares are owned by Zilberman, ATI, and six of the company's employees.
The market for children's dental crowns is estimated at some $150 million a year, and today the only products sold are made of a stainless steel alloy. In 204, Uri-Dent received FDA approval for its crown, considered better than the existing ones, which can cause an allergic reaction.
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