The good news for technology-based companies in the Knoxville-Oak Ridge region just keeps getting better and better with another acquisition of a local start-up.

Integra LifeSciences Holdings Corporation, a leading global medical technology company based in New Jersey, announced yesterday that it has acquired Arkis Biosciences Inc., a privately-held company that offers a portfolio of neurosurgical devices. Among them is the CerebroFlo® external ventricular drainage (EVD) catheter with Endexo® technology, a permanent additive designed to reduce the potential for catheter obstruction due to thrombus formation.

The acquisition of Arkis Biosciences, which is located in the privately-developed building on the University of Tennessee Research Park, strengthens Integra’s offerings in neurocritical care and Integra’s position as the world leader in advanced catheter technology.

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The acquisition was also announced at Verdict Media, an industry publication site specializing in medical device technology.