Medical device maker Edwards Lifesciences has acquired cardiovascular device developer and University of Maryland, Baltimore spinout Harpoon Medical.
Harpoon Medical, an investigative cardiovascular device maker spun out from University of Maryland, Baltimore (UMB), was bought by medical tools manufacturer Edwards Lifesciences for up to $250m yesterday.
The deal provides an exit to UMB’s tech transfer office UM Ventures as well as venture capital firm Epidarex Capital. Edward Lifesciences has paid $100m upfront and could provide another $150m for Harpoon at predetermined milestones.
Spun off from UMB’s School of Medicine in 2013, Harpoon has built a surgical tool to…
