Medtronic Nabs Redwood City Medical Device Company for Up to $458 Million

According to the San Francisco Business Times, “Medtronic PLC, a medical tech company based in Dublin, Ireland, has nabbed Redwood City’s privately held Twelve Inc. for as much as $458 million, in a deal expected to close in October. Twelve, which makes mitral valve replacement devices, was earlier spun out of The Foundry, a medical device incubator, as its 12th progeny. Its devices are not yet approved for sale, Medtronic noted in an Aug. 25 statement.” For more information on this acquisition, please visit: http://www.bizjournals.com/sanfrancisco/blog/biotech/2015/08/medtronic-acquisition-twelve-inc-redwood-city.html

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