Medtronic to Invest Up to $80 Million in Pi-Cardia

MT newswire2026/09/01 10:53

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06:53 AM EDT, 09/01/2026 (MT Newswires) -- Medtronic (MDT) will invest up to $80 million in Pi-Cardia and retain an option to acquire the company for up to $210 million if certain milestones are met, the companies said Tuesday. The potential acquisition could also include post-acquisition earn-out payments, the parties said. Under the agreement, Medtronic will also exclusively distribute Pi-Cardia's ShortCut device in 2027, they said. ShortCut, approved by the US Food and Drug Administration, is designed to enable valve-in-valve transcatheter aortic valve replacement procedures in patients at risk of coronary obstruction, they said. Medtronic shares were up 4.7% in Tuesday's premarket activity.

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41