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Terumo partners with Orchestra BioMed for Virtue SEB balloon · Endata

◂ Announcements

Medical Devicesworld trade 2024+5.1% 5Y CAGR

Jun 13, 2019PARTNERSHIP

Terumo partners with Orchestra BioMed for Virtue SEB balloon

Terumo Corporation has secured exclusive global development and commercialization rights to the Virtue Sirolimus-Eluting Balloon by entering into a strategic partnership with Orchestra BioMed. Terumo will make a $30 million upfront payment and a $5 million equity commitment.

Value

$35.0M

Status

Announced

ProductsVirtue Sirolimus-Eluting Balloon

CompaniesTerumo partner Orchestra BioMed partner

Sectors#Medical Devices

“Terumo today announced that it has secured exclusive global development and commercialization rights to Virtue Sirolimus-Eluting Balloon for percutaneous coronary interventions.”terumois.com

1 source
terumois.comEnhances Coronary Interventional Product Portfolio | Terumo Interventional SystemsJun 13, 2019

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

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