Otsuka Holdings to acquire ReCor Medical

Otsuka Holdings signed a merger agreement to acquire the remaining shares of ReCor Medical, which develops the Paradise Renal Denervation System for hypertension treatment.

“Otsuka Holdings Co., Ltd., Otsuka Medical Devices Co., Ltd. and ReCor Medical, Inc. announce the signing of a merger agreement pursuant to which Otsuka Holdings will acquire the remaining shares in ReCor from its current holders.”prnewswire.com

• 2 sources
• prnewswire.comOtsuka Medical Devices, Otsuka Holdings and ReCor Medical Announce Signing of Merger AgreementReCor Medical, Inc.Jul 10, 2018
• medicaldevice-network.comOtsuka Medical Devices to merge with US’ ReCor MedicalDivya TirumalarajuJul 10, 2018

Summarized from public sources; check the original articles before acting on it.