Abbott has completed its acquisition of Topera, Inc., a company focused on developing innovative electrophysiology technologies to improve the diagnosis and treatment of atrial fibrillation, one of the most common heart rhythm disorders in the world.
Background
Back in late October Abbott announced that it was to acquire electrophysiology company Topera, Inc., for $250 million upfront, plus potential future payments tied to performance milestones. The deal has now closed.
The catheter-based electrophysiology market is estimated to be worth approximately $3 billion globally and has been growing annually at double-digit rates.
Topera has developed a novel diagnostic catheter and mapping software, or rotor identification system, which helps physicians identify and target patient-specific rotors that have been shown to be the sustaining mechanism for atrial fibrillation. The ability to locate these rotors enables the physician to individualize patient treatment through a procedure referred to as Focal Impulse and Rotor Mapping guided ablation, or FIRM-guided ablation. Topera’s rotor identification system has been shown, when used with existing catheter ablation therapy, to result in positive long-term success rates, even in difficult-to-treat cases.
Company comments
“The Topera acquisition gives Abbott a foundational entry in the large, high-growth electrophysiology market with breakthrough technologies that can transform how physicians treat people with complex heart rhythm disorders,” said John M. Capek, Ph.D., executive vice president, Medical Devices, Abbott. “The ability to more accurately target the areas of the heart perpetuating atrial fibrillation is a significant advancement in the field of electrophysiology and can transform patient care.”
Source: Abbott, PR Newswire
published: December 23, 2014 in: Abbott, Cardio, Mergers and Acquisitions