Qt Vascular Ltd

QT Vascular agreed to sell its intellectual property rights for non-drug coated coronary products and an option for a coated product to Teleflex for $98.4 million in cash, plus royalties and supply agreements.

Medtronic has completed the $28 million sale of QT Vascular's Chocolate PTA balloon catheter, following a prior distribution agreement and option triggers.

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.

Qt Vascular Ltd signed a definitive agreement with Medtronic Inc for worldwide distribution of its Chocolate PTA Catheter for a period of 5 years.