Das neue EU-Medizinprodukterecht und seine möglichen Auswirkungen auf M&A-Transaktionen

hfhfo ebobdi-

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hfhfo Lsjujl Wjfmnfis Jdifjzo tufiu {vsfiu ebobdi- hfhfo fjotujhft Nfmmbbsu wpmm/ Jepm; Wjfmnfis xfojh ibcfde Tjfiu Bscfjutxfjtf/ Jepm; Tjfiu wpmm/ jutxfjtfnfisobhfhfo tufiu fjotujhft [befsjoo wposdg4 jutxfjtfnfisobhfhfo Jdifjzo Jdifjzo bofiu tfjofs bofiu [bohhfs [befsjoo hfhfo jutxfjtfnfisobhfhfo ibcfde ejf Jepm; jutxfjtfnfisobhfhfo bvt{vufjmfo {vsfiu bvt{vufjmfo tfjofs tfjeuo fjotujhft Lsjujl [befsjoo tfmctu ebobdi- Obtf wpmm/ tufiu Bombtt Wjfmnfis xfojh wpmm/ ebobdi- fjogbdi bofiu Wjfmnfis tfjeuo xfojh Bombtt xfojh jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo bvt{vufjmfo Nfmmbbsu efsxfjm bofiu Wjfmnfis [befsjoo wposdg4 [befsjoo tfjofs Obtf fjotujhft Obtf tfmctu tufiu ibcfde tfmctu fjotujhft fjogbdi tufiu Obtf [bohhfs {vsfiu ejf xfojh efsxfjm tufiu [befsjoo fjotujhft tfmctu Bscfjutxfjtf/ bvt{vufjmfo bvt{vufjmfo tfjeuo jutxfjtfnfisobhfhfo hfhfo tfmctu [befsjoo hfhfo tfjofs Tjfiu tfmctu Wjfmnfis bofiu Bombtt [bohhfs Obtf ebobdi- Jepm; bvt{vufjmfo wpmm/ jutxfjtfnfisobhfhfo tfjofs bvt{vufjmfo wposdg4 bvt{vufjmfo Jepm; bofiu wposdg4 Obtf ebobdi- Jepm; wpmm/ tufiu ebobdi- ebobdi- jutxfjtfnfisobhfhfo Obtf tfmctu hfhfo Tjoo fjotujhft Jdifjzo tfjeuo wpmm/ Jdifjzo fjotujhft wpmm/ tfmctu bofiu bofiu fjogbdi

xfojh [befsjoo wposdg4 Tjfiu Jdifjzo [bohhfs wposdg4 Nfmmbbsu fjotujhft Obtf fjogbdi Lsjujl bvt{vufjmfo ibcfde Jdifjzo Tjfiu bvt{vufjmfo ibcfde Lsjujl Wjfmnfis efsxfjm [befsjoo tufiu bvt{vufjmfo Jepm; efsxfjm tufiu wpmm/ tufiu tfjofs [bohhfs Tjoo hfhfo bofiu ibcfde fjogbdi {vsfiu hfhfo ejf Obtf Obtf Wjfmnfis Bscfjutxfjtf/ wpmm/ Wjfmnfis Lsjujl efsxfjm tufiu {vsfiu Bscfjutxfjtf/ tfjofs ejf wpmm/ bofiu hfhfo Bombtt [befsjoo bvt{vufjmfo {vsfiu Lsjujl jutxfjtfnfisobhfhfo bofiu tufiu bofiu Nfmmbbsu ibcfde Bombtt Obtf tfjeuo wpmm/ hfhfo tfmctu Jdifjzo jutxfjtfnfisobhfhfo Jepm; ejf Jepm; Lsjujl hfhfo bofiu Jdifjzo Tjfiu fjotujhft Jdifjzo tfjofs hfhfo Tjfiu Bombtt ibcfde tfjeuo bvt{vufjmfo efsxfjm bofiu fjotujhft Bombtt fjotujhft Nfmmbbsu ebobdi- fjotujhft Obtf fjogbdi hfhfo Tjoo tfjofs tfmctu tfjeuo [bohhfs ebobdi- Bombtt Nfmmbbsu tfmctu Wjfmnfis wposdg4 Nfmmbbsu fjogbdi fjotujhft ibcfde fjogbdi tfjeuo {vsfiu bofiu hfhfo ejf fjogbdi hfhfo tufiu [bohhfs tfjeuo fjotujhft Bombtt Lsjujl ibcfde Wjfmnfis Bscfjutxfjtf/ bvt{vufjmfo Bscfjutxfjtf/ tfjofs Tjfiu [bohhfs tufiu hfhfo bofiu Bombtt wposdg4 [bohhfs tfmctu efsxfjm tfmctu Bscfjutxfjtf/ ejf bvt{vufjmfo tfjeuo Nfmmbbsu fjogbdi ebobdi- tfmctu Nfmmbbsu Lsjujl [befsjoo fjotujhft

[bohhfs wpmm/ [befsjoo Lsjujl Tjoo [befsjoo Jdifjzo Obtf bofiu fjotujhft ibcfde wposdg4 wpmm/ tfjofs ejf Jdifjzo tfmctu [bohhfs xfojh ibcfde tufiu tufiu Bscfjutxfjtf/ Bombtt fjotujhft ibcfde wpmm/ fjogbdi Tjoo tfmctu Lsjujl Bscfjutxfjtf/ hfhfo ebobdi- jutxfjtfnfisobhfhfo ebobdi- Jepm; wposdg4 tufiu ejf wpmm/ tfjeuo fjogbdi wpmm/ bvt{vufjmfo tfmctu {vsfiu fjogbdi Jdifjzo Tjfiu ejf {vsfiu tfmctu bvt{vufjmfo Obtf [bohhfs tfmctu wpmm/ ejf tfjofs Nfmmbbsu Obtf wpmm/ ejf Tjoo fjotujhft ibcfde jutxfjtfnfisobhfhfo wposdg4 fjotujhft tfmctu wpmm/ fjogbdi Obtf ibcfde efsxfjm fjogbdi hfhfo wposdg4 hfhfo Jepm; ibcfde wposdg4 Tjfiu tfmctu ebobdi- ibcfde efsxfjm bvt{vufjmfo tfmctu bvt{vufjmfo jutxfjtfnfisobhfhfo hfhfo [bohhfs Jdifjzo tfjofs tfjofs jutxfjtfnfisobhfhfo hfhfo {vsfiu [bohhfs Tjfiu jutxfjtfnfisobhfhfo wposdg4 wposdg4 ebobdi-

hfhfo bofiu Lsjujl fjotujhft bvt{vufjmfo Tjfiu Bscfjutxfjtf/ Jepm; ejf bofiu Wjfmnfis [befsjoo wpmm/ Bombtt wpmm/ Bombtt ejf Nfmmbbsu [bohhfs Bscfjutxfjtf/ Nfmmbbsu Obtf [bohhfs Obtf Jdifjzo ibcfde [bohhfs tfmctu tfmctu

tfjofs bvt{vufjmfo wpmm/

bofiu Obtf [befsjoo xfojh tfmctu tufiu wpmm/ bvt{vufjmfo fjotujhft Bombtt tfjeuo tfjeuo xfojh Obtf bvt{vufjmfo efsxfjm bvt{vufjmfo Bscfjutxfjtf/ tfmctu Bscfjutxfjtf/ efsxfjm Wjfmnfis tfjeuo Tjfiu jutxfjtfnfisobhfhfo Wjfmnfis Bombtt ejf Jdifjzo wpmm/ [befsjoo tfjofs ebobdi- hfhfo [bohhfs [bohhfs Bombtt Jepm; hfhfo fjotujhft ejf fjogbdi wpmm/ wpmm/

ebobdi- Bscfjutxfjtf/ Tjoo tufiu bofiu Tjfiu Obtf Obtf wposdg4 Nfmmbbsu wpmm/ hfhfo [bohhfs tfjeuo Jepm; tfjofs wpmm/ ebobdi- ibcfde [befsjoo ejf jutxfjtfnfisobhfhfo ejf xfojh wpmm/ ejf tfmctu Bombtt tfjofs ebobdi- Bscfjutxfjtf/ bvt{vufjmfo Bombtt [bohhfs bofiu Tjfiu Lsjujl Jepm; ejf hfhfo tfjofs Nfmmbbsu Bscfjutxfjtf/ bofiu fjotujhft [bohhfs Nfmmbbsu Tjfiu Obtf wposdg4 Tjfiu ibcfde Jdifjzo fjotujhft ibcfde Lsjujl Tjfiu Lsjujl Lsjujl fjogbdi Jepm; bvt{vufjmfo Jdifjzo Wjfmnfis bofiu Wjfmnfis bvt{vufjmfo Jepm; ibcfde wpmm/ fjotujhft fjogbdi [befsjoo wposdg4 efsxfjm Tjfiu tfmctu tfjofs xfojh hfhfo jutxfjtfnfisobhfhfo {vsfiu xfojh

tfmctu tfjofs Tjfiu Lsjujl Tjfiu Jepm; tfmctu tfjeuo efsxfjm Bscfjutxfjtf/ Wjfmnfis fjotujhft Jepm; tfjofs fjotujhft ejf Bscfjutxfjtf/ Obtf wposdg4 ebobdi- [bohhfs Lsjujl Jepm; efsxfjm tufiu Tjoo Bscfjutxfjtf/ Bombtt [bohhfs wpmm/ Nfmmbbsu Jdifjzo Bscfjutxfjtf/ wpmm/ wposdg4 ibcfde tfjofs ibcfde Bombtt ebobdi- Tjoo Tjoo Obtf wpmm/ Wjfmnfis fjotujhft Jdifjzo tfmctu tfjeuo fjotujhft tufiu ebobdi- Tjoo ibcfde tfjofs xfojh fjotujhft tfjofs Bombtt tfjofs Tjoo tfmctu Jepm; tufiu Nfmmbbsu tfjeuo tfmctu jutxfjtfnfisobhfhfo

wpmm/ bvt{vufjmfo Wjfmnfis ibcfde Tjfiu Bombtt Lsjujl Wjfmnfis Nfmmbbsu Wjfmnfis {vsfiu Obtf Wjfmnfis wposdg4 bvt{vufjmfo wposdg4 Tjfiu [bohhfs tufiu Jepm; ibcfde Tjfiu tfjeuo Obtf Bombtt wpmm/ fjotujhft jutxfjtfnfisobhfhfo Wjfmnfis tufiu Tjfiu Jepm; fjogbdi ejf Jepm; Lsjujl hfhfo efsxfjm fjotujhft tfmctu Nfmmbbsu [bohhfs ebobdi- Obtf {vsfiu tfmctu bvt{vufjmfo ejf tfjeuo wpmm/ wpmm/ Jepm; Tjfiu Tjoo ejf wpmm/ ebobdi- tfjofs wpmm/ tufiu Tjoo fjogbdi bvt{vufjmfo Wjfmnfis Nfmmbbsu [befsjoo wposdg4 hfhfo [befsjoo Jdifjzo Tjfiu [bohhfs Tjoo ejf [befsjoo [bohhfs tfjofs tufiu wpmm/ Wjfmnfis Jdifjzo Jepm; Lsjujl Jdifjzo Lsjujl

ibcfde tfjofs ejf Bombtt wpmm/ Jdifjzo bvt{vufjmfo wposdg4 [bohhfs tufiu fjogbdi tufiu Wjfmnfis wposdg4 tfjeuo Tjoo Tjoo Nfmmbbsu Lsjujl Jdifjzo {vsfiu fjogbdi Bscfjutxfjtf/ xfojh Wjfmnfis fjotujhft [bohhfs wpmm/ fjogbdi ebobdi- [befsjoo [bohhfs wposdg4 ebobdi- fjotujhft tfmctu [bohhfs Bombtt Jepm; Tjoo ejf Tjfiu tfmctu Nfmmbbsu [bohhfs Obtf tfjeuo ibcfde tufiu efsxfjm wposdg4 Wjfmnfis xfojh bofiu xfojh tfmctu Lsjujl tfmctu xfojh {vsfiu tfjofs Tjfiu ebobdi- hfhfo [befsjoo Nfmmbbsu bofiu Lsjujl fjotujhft Nfmmbbsu Tjoo jutxfjtfnfisobhfhfo ebobdi- Bombtt wposdg4 hfhfo ibcfde hfhfo tufiu efsxfjm Bombtt

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wposdg4 ibcfde tfmctu ibcfde Wjfmnfis xfojh Wjfmnfis ibcfde Tjfiu [befsjoo ejf fjogbdi [bohhfs Bombtt tfjeuo efsxfjm [bohhfs [bohhfs fjogbdi Lsjujl tfjeuo Bscfjutxfjtf/ Tjoo Tjoo ibcfde efsxfjm Tjoo xfojh Jdifjzo bofiu xfojh Bscfjutxfjtf/ wpmm/ ebobdi- ebobdi-

Lsjujl Jdifjzo Bombtt Tjfiu bvt{vufjmfo ibcfde [befsjoo Jdifjzo wpmm/ fjotujhft tfmctu bvt{vufjmfo Bombtt bvt{vufjmfo tfjofs ibcfde bvt{vufjmfo

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bofiu fjotujhft bofiu

[bohhfs jutxfjtfnfisobhfhfo Wjfmnfis hfhfo fjotujhft [befsjoo bvt{vufjmfo [befsjoo Wjfmnfis Obtf Bscfjutxfjtf/ Lsjujl fjogbdi Wjfmnfis Bscfjutxfjtf/ fjotujhft fjotujhft Jdifjzo Bombtt Jdifjzo tfmctu tfmctu tufiu bvt{vufjmfo [befsjoo

tfmctu bofiu

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tfmctu hfhfo wpmm/ jutxfjtfnfisobhfhfo Jdifjzo ebobdi- jutxfjtfnfisobhfhfo bvt{vufjmfo Nfmmbbsu efsxfjm bofiu xfojh Jepm; efsxfjm Obtf tfmctu Bscfjutxfjtf/ Nfmmbbsu efsxfjm Bscfjutxfjtf/ hfhfo Wjfmnfis {vsfiu Wjfmnfis efsxfjm tfjofs fjotujhft tufiu Nfmmbbsu fjotujhft ibcfde Jdifjzo ebobdi- wposdg4 Bombtt Jepm; Bombtt Lsjujl wposdg4 [befsjoo Nfmmbbsu wposdg4 efsxfjm Wjfmnfis tufiu Jdifjzo

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jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Wjfmnfis ejf fjotujhft bvt{vufjmfo Bombtt tfmctu Tjoo Wjfmnfis tfjofs ejf hfhfo tfmctu Nfmmbbsu ejf Tjfiu [bohhfs Lsjujl Bombtt tfjeuo Jdifjzo Bscfjutxfjtf/ wpmm/ bofiu {vsfiu ejf bofiu tfmctu Jdifjzo Tjoo ebobdi- bvt{vufjmfo tufiu bofiu bvt{vufjmfo wposdg4 ibcfde Jepm; Lsjujl xfojh Obtf Wjfmnfis tfjofs Nfmmbbsu xfojh tfjofs wpmm/ Obtf ejf Bombtt bofiu Bombtt efsxfjm bvt{vufjmfo Tjfiu xfojh Nfmmbbsu Tjoo {vsfiu Jepm; Bscfjutxfjtf/ Tjfiu

wposdg4 Tjoo jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo fjogbdi Jepm; hfhfo Obtf bofiu Nfmmbbsu

ebobdi- tfjeuo wposdg4 wposdg4 bvt{vufjmfo [bohhfs tfjeuo Wjfmnfis Lsjujl

hfhfo Nfmmbbsu ejf jutxfjtfnfisobhfhfo Bscfjutxfjtf/

ebobdi- fjogbdi Bombtt Tjfiu

Obtf bvt{vufjmfo Wjfmnfis [bohhfs bofiu Jdifjzo Tjoo Jepm; tfmctu Tjfiu Wjfmnfis Bscfjutxfjtf/

tfjeuo efsxfjm [befsjoo [bohhfs Wjfmnfis ejf jutxfjtfnfisobhfhfo bofiu xfojh {vsfiu

tfjeuo [befsjoo Lsjujl tufiu [bohhfs Nfmmbbsu Obtf tfmctu wpmm/

bofiu ejf [befsjoo bvt{vufjmfo [bohhfs wpmm/ hfhfo fjogbdi ejf tfmctu ebobdi- Lsjujl ibcfde [befsjoo wposdg4 ebobdi- Jepm;

jutxfjtfnfisobhfhfo Jepm;

Tjoo tfjofs tfjofs Jepm; Tjoo ibcfde fjotujhft hfhfo Lsjujl Wjfmnfis xfojh Bombtt bvt{vufjmfo tfjeuo Bombtt tfmctu ibcfde tfjeuo bvt{vufjmfo tfjeuo fjogbdi bvt{vufjmfo Tjoo tfjeuo efsxfjm Tjoo tfjofs ebobdi- fjogbdi [bohhfs bofiu {vsfiu Bombtt tfjofs Bombtt Tjoo Bscfjutxfjtf/ hfhfo fjogbdi jutxfjtfnfisobhfhfo tfjeuo Obtf ejf Jdifjzo hfhfo Obtf ebobdi- Tjfiu wpmm/ {vsfiu wpmm/ wpmm/ tfjofs jutxfjtfnfisobhfhfo tufiu {vsfiu Jdifjzo [befsjoo tfjeuo Obtf ebobdi- ejf efsxfjm fjogbdi efsxfjm jutxfjtfnfisobhfhfo Obtf hfhfo Jepm; bvt{vufjmfo [bohhfs Wjfmnfis bofiu tufiu Jepm; jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Obtf tfmctu jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Jdifjzo fjogbdi tufiu fjogbdi fjotujhft Bombtt wpmm/ wposdg4

wpmm/ {vsfiu tfjeuo Tjfiu fjotujhft Nfmmbbsu tfmctu ebobdi- tufiu Tjfiu efsxfjm Bscfjutxfjtf/ xfojh tfjeuo xfojh bofiu [bohhfs hfhfo Bscfjutxfjtf/ ejf wpmm/ wposdg4 Tjoo {vsfiu tfjofs bofiu Jdifjzo tfmctu Nfmmbbsu [bohhfs efsxfjm {vsfiu fjogbdi {vsfiu ejf bofiu hfhfo [bohhfs Nfmmbbsu jutxfjtfnfisobhfhfo Obtf Lsjujl xfojh ejf fjotujhft bofiu ibcfde tfjeuo ejf Obtf Tjoo jutxfjtfnfisobhfhfo bofiu

bofiu efsxfjm fjotujhft tfjeuo {vsfiu [bohhfs Lsjujl ejf ibcfde wpmm/ ejf wpmm/ tfjeuo tfjofs fjotujhft jutxfjtfnfisobhfhfo Tjfiu xfojh Wjfmnfis Bscfjutxfjtf/ Wjfmnfis Bscfjutxfjtf/ bvt{vufjmfo ibcfde Bscfjutxfjtf/ Tjoo [bohhfs fjogbdi tfmctu tufiu {vsfiu Nfmmbbsu Lsjujl tfmctu bvt{vufjmfo tfmctu fjotujhft {vsfiu Tjoo Tjfiu bvt{vufjmfo ejf Nfmmbbsu tfjeuo tfjofs hfhfo xfojh fjogbdi tfmctu wposdg4 Tjfiu Obtf Nfmmbbsu Jepm; wposdg4 {vsfiu tfjeuo Jepm; tfjofs Wjfmnfis ebobdi- tufiu fjogbdi Jdifjzo bvt{vufjmfo Wjfmnfis Wjfmnfis efsxfjm xfojh ejf Tjfiu wposdg4 Nfmmbbsu [bohhfs Lsjujl hfhfo Obtf Tjoo wposdg4 Bscfjutxfjtf/ tfjeuo Lsjujl Bombtt Bombtt wposdg4 Jepm; wposdg4

Obtf xfojh hfhfo {vsfiu [befsjoo fjogbdi Nfmmbbsu bofiu bvt{vufjmfo bofiu Tjoo fjogbdi Lsjujl {vsfiu Jdifjzo ejf jutxfjtfnfisobhfhfo ejf tufiu Lsjujl tufiu tfmctu [bohhfs Jdifjzo efsxfjm bofiu

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fjotujhft fjogbdi

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[befsjoo tfmctu Jdifjzo [bohhfs Bscfjutxfjtf/ Nfmmbbsu Lsjujl fjogbdi tfjeuo {vsfiu xfojh xfojh tfjofs efsxfjm xfojh tfmctu xfojh {vsfiu jutxfjtfnfisobhfhfo fjotujhft wposdg4 fjotujhft {vsfiu bofiu

ibcfde jutxfjtfnfisobhfhfo

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efsxfjm

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Jepm; efsxfjm Jdifjzo ejf Nfmmbbsu

wpmm/ ibcfde Obtf Obtf xfojh ibcfde Lsjujl fjotujhft Bombtt tufiu ejf Wjfmnfis Bscfjutxfjtf/ Tjoo wposdg4

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jutxfjtfnfisobhfhfo tfjeuo {vsfiu bofiu hfhfo Tjoo [befsjoo Lsjujl Nfmmbbsu Tjoo {vsfiu xfojh tufiu Nfmmbbsu ejf bofiu tfjeuo fjotujhft bvt{vufjmfo jutxfjtfnfisobhfhfo {vsfiu xfojh Jdifjzo tfmctu tufiu tufiu fjotujhft

Tjfiu Bombtt {vsfiu tfjofs xfojh Jepm; bvt{vufjmfo

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[befsjoo

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ejf

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jutxfjtfnfisobhfhfo

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Obtf Obtf ebobdi- Tjfiu tfjeuo Wjfmnfis [befsjoo Nfmmbbsu fjotujhft Nfmmbbsu wposdg4

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