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Thoratec Takes Over Development Of Terumo’s DuraHeart II VAD

Thoratec paid $13 million plus future milestone commitments worth up to $43.5 million for the next-generation ventricular assist technology, which it hopes will be ready for human implants by 2016.

Thoratec Corp. has agreed to take over the development of Terumo Corp.’s DuraHeart II centrifugal flow ventricular assist device by paying Terumo $13 million up front and up to $43.5 million in future milestone payments based on regulatory approvals and product sales.

Under the deal, announced July 1, Thoratec is licensing intellectual properties and acquiring certain assets related to DuraHeart. It will manage the development and clinical trials of DuraHeart II in...

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