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Ob Tech Inc

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BUSINESS
January 2, 1994
OB Tech Inc., which is developing a unique disposable system called Cordguard for sampling blood from umbilical cords, has been sold to a Utah medical device manufacturer for $2.5 million. The Huntington Beach company's deal with Utah Medical Products, announced in August, was completed after Utah Medical studied the effectiveness and profit potential of Cordguard. The device allows doctors to stop the flow of blood from newly cut umbilical cords and take sterile samples for laboratory analysis.
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BUSINESS
January 2, 1994
OB Tech Inc., which is developing a unique disposable system called Cordguard for sampling blood from umbilical cords, has been sold to a Utah medical device manufacturer for $2.5 million. The Huntington Beach company's deal with Utah Medical Products, announced in August, was completed after Utah Medical studied the effectiveness and profit potential of Cordguard. The device allows doctors to stop the flow of blood from newly cut umbilical cords and take sterile samples for laboratory analysis.
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BUSINESS
August 21, 1993 | JAMES S. GRANELLI, TIMES STAFF WRITER
A Salt Lake City company said Friday that it has tentatively agreed to buy OB Tech Inc., a 3-year-old Orange County company that has developed an obstetrical product to be used during births. Utah Medical Products Inc. said it will purchase the Huntington Beach company, subject to several conditions, for about 60% of the $4 million that investors put into the firm, plus "substantial" royalties over the next 17 years on its newly patented product.
BUSINESS
August 21, 1993 | JAMES S. GRANELLI, TIMES STAFF WRITER
A Salt Lake City company said Friday that it has tentatively agreed to buy OB Tech Inc., a 3-year-old Orange County company that has developed an obstetrical product to be used during births. Utah Medical Products Inc. said it will purchase the Huntington Beach company, subject to several conditions, for about 60% of the $4 million that investors put into the firm, plus "substantial" royalties over the next 17 years on its newly patented product.
BUSINESS
December 29, 1995
Utah Medical Products said it has received approval from the U.S. Food and Drug Administration for its Cordguard II umbilical cord clamping device. The disposable device clamps and cuts the umbilical cord and collects an uncontaminated blood sample immediately after birth. It was developed by Huntington Beach-based OB Tech Inc., whose assets were acquired by Utah Medical in December 1993.
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