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February 13, 2013
09:14 EDTMDTMedtronic announces FDA approval, launch of Advisa MRI pacemaker system
Medtronic announced the FDA approval and U.S. launch of its Advisa DR MRI SureScan pacing system. The Advisa MRI system is Medtronic's second- generation MR-Conditional pacemaker and is the first system to combine the most advanced pacing technology with proven MRI access.
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August 25, 2015
09:07 EDTMDTMedtronic to acquire Twelve for $458M
In support of the company's therapy innovation strategy, Medtronic announced that it has signed a definitive agreement to acquire Twelve, a medical device company focused on the development of a transcatheter mitral valve replacement, or TMVR device. Twelve is the twelfth company spun out from the premier medical device incubator The Foundry. Medtronic has agreed to pay up to $458M for Twelve including $408M at closing and $50M on achievement of CE Marking. The cash- and debt-free transaction remains subject to customary closing conditions, and is expected to close in October 2015.

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