HeartWare acquires CircuLite for $30 Million

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HeartWare International announced in a press release earlier this week that they acquired CircuLite, Inc. for $30 million, as well as possible additional payments up to $320 million subject to regulatory and commercial milestones.

According to its website, CircuLite has developed the CE Mark-approved SYNERGY miniature ventricular support system, a minimally invasive implant for the treatment of refractory chronic congestive heart failure. CircuLite describes the system as comprised of a micro-pump, inflow cannula and outflow graft, a percutaneous lead connected to a wearable external controller, and a lightweight, rechargeable dual battery back system implantable via a mini-thoracotomy incision.

Publicly-traded HeartWare has, according to its website, receivedĀ FDA PMA approval for its HEARTWARE Ventricular Assist System for use as a bridge to cardiac transplantation in patients at risk of death from refractory congestive heart failure.

 

 

Bryan Wahl
Bryan W. Wahl is a partner in our Orange County office. He specializes in intellectual property protection, infringement studies, financings, and strategic transactions especially with respect to medical devices and biotechnology.
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