Interpore Acquires Intellectual Property

Interpore Cross International said it paid $500,000 and issued 100,000 shares of unregistered common stock to acquire the intellectual property of Quantic Biomedical Inc. in San Rafael, Calif. Interpore, an Irvine maker of spinal implants and synthetic bone and tissue products, said it also issued warrants to purchase stock at prices above the current market price and will continue to pay unspecified royalties on sales to the former owners. The purchase covers all of Quantic’s patents and technology.