# QT Vascular grants Medtronic option to buy Chocolate PTA balloon assets

QT Vascular entered into an asset purchase option agreement with Medtronic, giving Medtronic the option to acquire QT Vascular's non-drug coated Chocolate PTA balloon for $28 million, exercisable upon achievement of certain milestones.

- Type: Contract
- Announced: 2017-05-12
- Value: $28.0M
- Status: announced
- Products: Chocolate PTA balloon
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Qt Vascular Ltd](https://endata.com/companies/21934.md)
- [Medtronic plc](https://endata.com/companies/19071.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/qt-vascular-enters-into-asset-purchase-option-agreement-with-medtronic-300456596.html), 2017-05-12: "The purchase price is $28 million, according to Singapore’s Business Times, pegged to 'achievement of certain milestones,' the company said."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.