ReCor Deal Underscores RDN Revival – But Also Reason For Backing Medtech?

Certain VCs are becoming reluctant to invest in medtech, citing difficulties such as a shrinking pool of buyers and increasing regulatory challenges. But Sofinnova Partners has successfully sold a medical device portfolio company – and one that is in a difficult field like renal denervation, no less – to a Japanese buyer. Antoine Papiernik, managing partner at the French VC, explains how persevering with a renal denervation technology paid-off and gives his perspective on whether medtech is still a space worth investing in.

Dollar bills

The recent sale of ReCor Medical Inc., developer of the Paradise ultrasound-based-renal denervation system, by its lead VC investor Sofinnova Partners to Japanese group Otsuka Holdings has provided further evidence that a renal denervation revival is underway.

Financial details of the transaction were not disclosed but Antoine Papiernik, managing partner of the Paris-headquartered venture capital firm, indicated...

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Medtech Insight for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Business

More from Medtech Insight