A billion-dollar exit

In the biggest deal ever for an Israeli medical device company, US-based HeartWare International is acquiring Israeli biotech start-up Valtech Cardio. Valtech shareholders will receive HeartWare stock worth over $900 million, depending on milestones. Valtech makes heart valve surgery devices.

http://www.timesofisrael.com/israeli-medical-tech-company-joins-billion-dollar-exit-club/

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