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Terumo partners with Orchestra BioMed for sirolimus-eluting balloon · Endata

◂ Announcements

Medical Devicesworld trade 2024+5.1% 5Y CAGR

Jul 17, 2019PARTNERSHIP

Terumo partners with Orchestra BioMed for sirolimus-eluting balloon

Terumo Corporation has secured exclusive global development and commercialization rights to Virtue sirolimus-eluting balloon (SEB) from Orchestra BioMed, with an upfront payment of $30 million and an equity commitment of $5 million.

Value

$35.0M

Status

Announced

Productssirolimus-eluting balloonVirtue SEB

CompaniesTerumo Terumo partner Orchestra BioMed partner

Sectors#Medical Devices

“Virtue SEB is the first and only non-coated drug-eluting angioplasty balloon that delivers a proprietary bioabsorbable, sustained-release formulation of sirolimus.”medicalbuyer.co.in

2 sources
medicalbuyer.co.inTerumo enhances coronary interventional product portfolio - Medical BuyerRitesh KumarJul 17, 2019
mpo-mag.comOrchestra BioMed Partners With Terumo Corporation on Development of Virtue Sirolimus-Eluting Balloon | Medical Product OutsourcingMichael BarbellaAug 1, 2019

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

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