A federal court denied the FTC's request to block GTCR's $627 million acquisition of Surmodics, allowing the merger to proceed despite initial regulatory challenges related to medical device coating competition.

Raizen is exploring the sale of its Argentinian assets, Walgreens may go private in a $10 billion deal, and the U.S. government is considering acquiring TikTok's U.S. business amid a deadline. Meanwhile, Onsemi increased its bid for Allegro Microsystems, and American Express agreed to acquire Center.

The biocompatible coating market is expected to grow significantly due to increased demand for medical implants and devices, advancements in nanotechnology, and rising prevalence of chronic diseases requiring medical interventions.

SurModics (SRDX) has seen a 5.5% decline over the past four weeks, but its oversold RSI reading and improved earnings estimates suggest the stock could be due for a turnaround.

Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties to shareholders related to the acquisitions of Alimera Sciences, Surmodics, and Atrion Corporation.