Medtronic to acquire EPIX Therapeutics: 3 things to know

Medtronic entered into an agreement to acquire cardiac ablation system manufacturer EPIX Therapeutics.

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1. EPIX Therapuetics designs and manufactures a catheter-based, temperature-controlled cardiac ablation system for patients with irregular heartbeats and atrial fibrillation.

2. When completed, the acquisition will expand Medtronic’s cardiac ablation portfolio to offer physicians a comprehensive suite of tools to treat patients with cardiac arrhythmias.

3. The acquisition is expected to close in Medtronic’s fourth quarter, which runs Jan. 26 to April 26.

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