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St. Jude Eyes Possible Acquisition Of Heart Failure Monitor Firm CardioMEMS

This article was originally published in The Gray Sheet

Executive Summary

St. Jude Medical is placing a $60 million bet on wireless implantable heart failure monitor developer CardioMEMS and has acquired an exclusive option to own the entire company via a Sept. 7 agreement

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With the publication of the CHAMPION clinical trial results, CardioMEMS and its suitor St. Jude Medical took another step toward leading the pack in what they say is a multi-billion dollar market opportunity in hemodynamic heart failure monitoring.

St. Jude: CardioMEMS’ Heart Failure Data Reflects Major Opportunity

With the publication of the CHAMPION clinical trial results, CardioMEMS and its suitor St. Jude Medical took another step toward leading the pack in what they say is a multi-billion dollar market opportunity in hemodynamic heart failure monitoring.

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