Medtronic, The Foundry Invest In New Transcatheter Mitral Repair Technology

The deal gives Medtronic the exclusive right to acquire Half Moon Medical, a start-up developing a mitral valve repair system to compete with Abbott’s MitraClip.

Mitral valve
• Source: shutterstock.com

Medtronic plc is working with Silicon Valley incubator The Foundry to support Half Moon Medical, a start-up that is developing a new transcatheter mitral repair technology.

The deal provides for structured investment tranches from both Medtronic and The Foundry and gives Medtronic the exclusive right to...

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