A $28 million option agreement has been reached by QT Vascular to sell its nondrug-coated Chocolate PTA Balloon Catheter to Medtronic. The transaction includes an option for Medtronic to buy some assets and license intellectual property related to the product, and proceeds will be used by QT Vascular to pay down liabilities and debt, as well as for product development.
Medtronic to buy QT Vascular's nondrug-coated catheter for $28M
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