Medtronic, The Foundry Invest In New Transcatheter Mitral Repair Technology

The deal gives Medtronic the exclusive right to acquire Half Moon Medical, a start-up developing a mitral valve repair system to compete with Abbott’s MitraClip.

Mitral valve
• Source: shutterstock.com

Medtronic plc is working with Silicon Valley incubator The Foundry to support Half Moon Medical, a start-up that is developing a new transcatheter mitral repair technology.

The deal provides for structured investment tranches from both Medtronic and The Foundry and gives Medtronic the exclusive right to acquire Half Moon Medical, contingent upon

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