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News

Hansen Medical acquires AorTx to enter percutaneous heart valve therapy sector

Hansen Medical : 19 November, 2007  (New Product)
Hansen Medical has acquired AorTx an early stage developer of ‘percutaneous’ or catheter-based valve technology.
The acquisition will support Hansen Medical’s plans for use of its Sensei Robotic Catheter system to enter the rapidly developing market for percutaneous heart valve therapy.

The Sensei Robotic Catheter is currently marketed for electrophysiology procedures.

The financial terms of the acquisition include closing payments of 140,048 shares of Hansen Medical common stock and approximately $4.5 million in cash and Hansen Medical’ s payment or cancellation at closing of approximately $1.0 million of AorTx liabilities. In addition, there are also possible milestone payments that total up to $15 million in Hansen Medical common stock and $15 million in cash upon the achievement of regulatory clearances and revenue and partnering milestones.
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