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Medtronic Expands Transcatheter Mitral Effort With Acquisition Of Twelve Inc.

 
• By Reed Miller

The race to develop the best transcatheter mitral replacement valve technology continues to heat-up with Medtronic's $458m acquisition of Twelve, Inc.

The race to develop the best transcatheter mitral replacement valve technology continues to heat-up with Medtronic's $458m acquisition of Twelve, Inc.

Medtronic will pay $408m up-front for privately held Twelve, plus another $50m when a transcatheter mitral valve based on its technology earns a CE mark. Medtronic expects to close the deal in October and says the net impact from this transaction will be earnings neutral

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