In Brief: Medtronic
This article was originally published in The Gray Sheet
Executive Summary
Medtronic: Enters definitive agreement to acquire Cupertino, California-based AneuRx, a development stage manufacturer of an endovascular stented graft and delivery system to repair abdominal aortic aneurysms. The AneuRx catheter-based system enables minimally invasive treatment of aneurysms through a small incision in a patient's groin. The system is "expected to enter U.S. clinical trials soon," according to Medtronic. Terms of the stock transaction with AneuRx were not disclosed. Medtronic recently has entered agreements to purchase two other companies in the interventional vascular field -- stent manufacturer InStent and interventional neuroradiology products firm Micro Interventional Systems...