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Sorin Gains Distribution Rights, Minority Stake In Respicardia’s remedē Sleep Apnea Device

Sorin’s $20 million investment will help Respicardia continue the U.S. pivotal trial of the remedē implantable phrenic nerve stimulator for sleep apnea and give Sorin exclusive rights to distribute the device in select European countries, where it has a CE mark but has yet to be launched.

Sorin Group SPA has agreed to pay $20 million to Respicardia Inc. for a minority stake in the Minneapolis company and exclusive rights to distribute its remedē sleep apnea device for the next five years in selected countries in Europe. The stake also includes an exclusive option to acquire Respicardia in the future, the company said Oct. 21.

Sorin says it plans to begin launching remedē in select European countries next year. The device received a CE mark in 2010.

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