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QT Vascular to sell non-drug coated product to Medtronic for US$28m

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Published Fri, May 12, 2017 · 09:50 PM

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Singapore

QT VASCULAR said on Friday that it has agreed to sell its non-drug coated Chocolate PTA, a product designed to reduce vessel trauma, to global healthcare company Medtronic for US$28 million.

The option agreement was inked on Thursday between the group and two subsidiaries, and Medtronic Inc and one of its affiliates. The option is exercisable within 90 days upon achievement of certain milestones.

QT Vascular

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