Medtronic is acquiring Affera Inc., a medical technology company focused on treating cardiac arrhythmias, for $925 million.
While Medtronic declined Monday to share the sale price, analysts at Piper Sandler disclosed terms of the deal, which includes $250 million that’s contingent upon Affera receiving U.S. Food and Drug Administration approval for its nascent technology.
Boston area-based Affera makes cardiac mapping and navigation systems and catheter-based cardiac ablation technologies.
Medtronic, which has its operational headquarters in Fridley, already holds a 3% share in Affera. It made that investment less than a year ago, a Medtronic spokeswoman said.
The deal is not expected to close until the first half of Medtronic’s fiscal year 2023, which begins May 1.
While Affera is an early-stage company with technologies not yet approved for commercial use by the U.S. Food and Drug Administration (FDA), it’s not new to medtech investors. The company just closed a $75 million Series C financing round in December, which included large investors like Boston-based Bain Capital Life Sciences.
“The deal represents a pretty sizable splash in the high-growth cardiac ablation market,” Matt O’Brien, senior analyst with Piper Sandler, wrote in a note Monday. “While the transaction will no doubt raise some questions about (Medtronic’s) ongoing study with (pulsed-field ablation), it emphasized that the transaction was really designed to close a product gap on the mapping side.”
Medtronic views Affera’s product as complementary to its own, O’Brien said.
Affera recently celebrated the first patient to be treated with its technology in New York. Last month, the company announced that it had received FDA approval to begin a randomized trial of its device, Sphere PerAF, for treating persistent atrial fibrillation.
Cardiovascular products accounted for 35.7% of Medtronic’s sales in its latest full fiscal year. In 2019, the medtech giant acquired Epix Therapeutics, maker of a catheter-based ablation system for arrhythmia patients.
Affera’s founder and chief executive Doron Harlev is experienced in this space. Harlev previously co-founded Rhythmia Medical that was acquired by Boston Scientific Corp. in 2012.
“This acquisition directly aligns with our vision of delivering novel solutions to address the rapidly growing demands for cardiac arrhythmia treatment,” Harlev said in a news release. “We are excited to focus on the integration of our technology with Medtronic and are confident that together we can increase patient access to ablation therapies.”
Medtronic’s stock rose less than half a percent in Monday trading.
Burl Gilyard is the Star Tribune’s medtech reporter.
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Top 5 Best Facebook Video Downloader for Android.
You can download videos from Facebook with different video downloaders. You can use a computer or laptop to download the video. All you have to do is enter the link, which will download. A robust Facebook video downloader is required for android phones and tablets.
You will also find many Facebook video downloading apps for Android devices, just like you can download Facebook videos to your desktop computer or laptop. The video downloader android will allow you to instantly download any Facebook video from your Android smartphone or tablet.
This Facebook guide will share the top and most downloaded Facebook video downloaders for Android.
Top 5 Android Facebook Video Downloaders
You can download any Facebook video using some Facebook video downloader apps. This guide is for those searching the internet for “how to download Facebook video on android” or “what’s the best Facebook video downloader to download Facebook videos”.
Let’s look at these top 5 best Facebook video downloaders for Android and reap the benefits of a free download of Facebook video.
(1) MyVideoDownloader for Facebook
MyVideodownloader for Facebook makes it easy to download Facebook videos. This android video downloader is compatible with all android smartphones and tablets. The best quality video downloads will be available because Myvideodownlaoder for Facebook can download all videos high definition.
Just download the MyVideoDownloader app for Android and log in to Facebook. After logging in, you can download any video you wish to save to your phone.
(2) Video Downloader for Facebook
This is an android video downloader that’s free. With a Video downloader for Facebook, you can instantly download all the videos that you want. The video downloader for Android is easy to use.
This app allows you to download videos uploaded by you and those that have been tagged and uploaded by friends. This app also has a section for funny and crazy videos you can download to your mobile phone.
(3) VideoDownloader for Facebook
video downloader is an android video downloader that can also play Facebook videos. This app allows you to view all videos in your profile and then download them. You can search for a video using the keywords you use. Videos posted to Facebook pages and groups can be downloaded.
This video downloader also allows you to upload videos to Facebook. You can download the Facebook video downloader for free from Google Play Store.
(4) Video Download to Facebook
Video Download for Facebook has over 100 000 downloads. This app will show you how to download Facebook videos to your android phone. Video downloader saves all videos from Facebook to its servers. Then you can download them to your phone at the fastest possible downloading speeds.
The Video Download for the Facebook app has an attractive interface that makes it easy to use. Just add the URL to the video and click the Download button.
(5) Video Downloader
Video Downloader by fnxApps is last but not least. Download Facebook video downloader free of cost from the Google Play Store. The video downloader works in the same way as other video downloaders. Just one click is all it takes to download the Facebook videos.
All videos downloaded with this downloader are saved directly to the SD card. Using the sharing options, you can share the videos you have downloaded with friends.
These are the top five Facebook video downloaders to download Facebook videos to your Android tablet or smartphone. You don’t need to use your laptop or computer to download your favourite videos from Facebook.
Many other android apps can be used to download videos from Facebook. Please let us know if you have any suggestions.