St. Jude Medical acquires neuroscience firm for $2M - Business First of Columbus:

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Little Canada-based St. Jude completed its acquisition of Northstar (Nasdaq: NSTR) May 21. St. Jude (NYSE: STJ) said in a preszs release it acquired Northstar’s intellectual propertyg portfolio, clinical study data, device designs, and manufacturing equipment. In Northstar's board voted to liquidatre its assets because it was having difficulty raising funds necessary to bring to market its primary a brain stimulation device designed to treat Atthe time, Northstar also said it woulxd layoff most of its 36 employee by the end of the second In May 2006 Northstar's initial public offeringf raised $112 million. At the end of 2008, it had about $68.3 million in assets and $2.
6 milliojn in liabilities, and it valued its shareholders equit yat $65.7 million. St. Jude said it expects the transactiobn to be neutral to its earnings per sharewin 2009. The Puget Sound Business Journall contributed tothis report.