The Harpoon Medical Device
Edwards Lifesciences will maintain an office in Baltimore following the acquisition of University of Maryland Baltimore spinout Harpoon Medical, according to the startup’s former CEO Bill Niland.
The $100 million cash deal was announced last week. It came two years after Edwards invested in the medical device company with the option to acquire it later. Terms indicate another $150 million in royalties could be added if certain benchmarks are met in the sales and regulatory development of Harpoon’s minimally invasive open heart surgery device, Niland said.
The company currently has a staff of 16 people working out of Harpoon’s offices at the Camden Yards warehouse.
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