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St. Jude First To Market Leadless Pacemaker With Nanostim Buy

St. Jude paid $123.5 million and agreed to up to $65 million in additional milestone payments to acquire Nanostim and its first-in-class leadless pacemaker, which has just earned a CE mark and is expected to launch in select European markets soon.

St. Jude Medical Inc. completed its acquisition of Nanostim Inc. on Oct. 14 and announced a European CE mark for the firm’s Nanostim leadless pacemaker the same day. St. Jude says it will launch the device shortly in select European countries, making it the first commercially available leadless pacemaker.

St. Jude paid $123.5 million to Nanostim shareholders to close the deal, plus up to $65 million in additional cash payments contingent upon the achievement and timing of revenue-based milestones. The company announced the acquisition plans in February

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