University of Maryland Spinout Harpoon Medical Acquired

The Harpoon Medical Device

Edwards Lifesciences officially exercised an option to acquire Harpoon Medical in a $100 million deal announced Wednesday.

Harpoon Medical is developing a device based on technology invented by James S. Gammie, the head of cardiac surgery at University of Maryland School of Medicine.

The device is designed to create a less invasive form of open heart surgery that repairs the valve flowing from the left atrium to the left ventricle. It also could cut time of procedures to less than 60 minutes from the current time of 3-6 hours. The device allows surgeons to enter through a small opening between the ribs, repairs the mitral valve while the heart continues to beat.

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