Thoratec buys cardiovascular device maker

|About: Thoratec Corporation (THOR)|By:, SA News Editor

Thoratec (THOR -2.8%) acquires Irish cardiac device maker Apica Cardiovascular Ltd. for an upfront payment of $35M and up to $40M in clinical and sales milestone payments. The company's product development focus is on implant systems and devices that enable transapical surgical access. It's ASC system received CE Mark clearance in 2013 and is currently in limited commercial launch throughout Europe.