AngioDynamics (ANGO) Divests Its PICC & Midline Businesses

AngioDynamics, Inc. (ANGO) recently announced the completion of the sale of its PICC and Midline product portfolios to Spectrum Vascular for $45 million in cash.AngioDynamics' PICC, Midline, and tip location products are the subject of the transaction. During AngioDynamics' fiscal 2023, the combined portfolio of products contributed more than $43.5 million in revenues annually.Price PerformanceFor the past six months, ANGO’s shares have declined 28.1% against the industry’s rise of 7.8%. The S&P 500 increas ...