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Medtronic invests up to $80 million in Pi-Cardia for minority stake option on ShortCut TAVR device

PUBT·09/01/2026 10:31:26
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Medtronic invests up to $80 million in Pi-Cardia for minority stake option on ShortCut TAVR device
  • Medtronic made a strategic minority investment in Pi-Cardia, committing up to USD 80 million.
  • Deal includes an option to acquire Pi-Cardia on milestones for up to USD 210 million upfront, subject to adjustments.
  • Additional post-acquisition earn-out payments could materially lift total consideration.
  • Medtronic expects to become exclusive global commercial distributor of Pi-Cardia’s ShortCut device in 2027.
  • Transactions remain subject to regulatory approval and customary closing conditions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medtronic plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609010630PR_NEWS_USPR_____CG37703) on September 01, 2026, and is solely responsible for the information contained therein.