Innova Memphis, an early-stage venture capital firm based in Memphis, reports that its portfolio company, Arkis Biosciences, has been acquired by Integra LifeSciences Holding Corporation, a leading medical technology company.

Arkis Biosciences is a neuro-surgical medical device company based in Knoxville.

Financial terms were not disclosed. Innova was an early investor in Arkis and led the company's Series A round in 2016.
An Integra news release reported, "The acquisition of Arkis Biosciences strengthens Integra's offerings in neurocritical care and Integra's position as the world leader in advanced catheter technology,"