Medtronic buys de­vice­maker fo­cused on aneurysm treat­ment

Modern Healthcare - - REGIONAL NEWS - —Adam Ruben­fire

In its sec­ond ac­qui­si­tion in just un­der a week, Dublin-based med­i­calde­vice maker Medtronic has pur­chased Me­d­ina Med­i­cal, a Cal­i­for­nia de­vice com­pany fo­cused on aneurysm treat­ment.

Pri­vately held Me­d­ina was ac­quired for an ini­tial $150 mil­lion in cash, with the prom­ise of ad­di­tional funds once key mile­stones are achieved. The Me­d­ina Em­boliza­tion De­vice is a 3-D mesh im­plant that fills the in­side of a brain aneurysm, pro­vid­ing scaf­fold­ing across the aneurysm neck and con­form­ing to its shape, thereby re­duc­ing blood flow.

The de­vice, which will be­come a part of Medtronic’s neu­rovas­cu­lar di­vi­sion, has Euro­pean Con­form­ity, or CE Mark, au­tho­riza­tion for com­mer­cial dis­tri­bu­tion in the Euro­pean Union. It is not yet avail­able for com­mer­cial dis­tri­bu­tion in the U.S.

Ex­ec­u­tives are bet­ting that the de­vice will one day dis­rupt cur­rent prod­ucts on the mar­ket.

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