Medtronic Invests Up to $80 Million in Pi-Cardia

September 01, 2026
Medtronic will invest up to $80 million in Pi-Cardia and is expected to become the exclusive global distributor of the ShortCut device in 2027.

Medtronic and Pi-Cardia announced in a press release that Medtronic will make strategic investments of up to $80 million in Pi-Cardia. The agreement gives Medtronic an option to expand its structural heart portfolio and is expected to make Medtronic the exclusive global commercial distributor of Pi-Cardia's ShortCut device in 2027.

ShortCut is an FDA cleared leaflet modification device for transcatheter aortic valve replacement procedures in patients at risk of coronary obstruction. Pi-Cardia said the device is designed to split valve leaflets and help preserve coronary access during future transcatheter valve procedures.

The agreement also gives Medtronic an option to acquire Pi-Cardia after predefined milestones are met. The upfront acquisition price could reach $210 million, subject to adjustments, with additional payments possible after acquisition. The transactions require regulatory approval and other closing conditions.

We hope you enjoyed this article.

Consider subscribing to one of our newsletters like Enterprise AI Brief, AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

Enterprise AI AI Funding News AI Brief AI Brief (X)

More from: Enterprise

09/01
Nscale Secures $3 Billion for AI Campuses in Texas and North Carolina
09/01
Cherubic Ventures Closes $68.88 Million Fund for AI Startups
09/01
Gemtek and Dixon Expand Optical Connectivity Manufacturing in India
09/01
Cloover Reaches Profitability at $350 Million Run Rate
09/01
OpenAI Issued Warrants Worth $5.5 Billion in SB Energy, WSJ Reports

More from: Funding

09/01
Nscale Secures $3 Billion for AI Campuses in Texas and North Carolina
09/01
Cherubic Ventures Closes $68.88 Million Fund for AI Startups
09/01
Mech-Mind Robotics Lists in Hong Kong
09/01
Enovis Makes Binding Offer to Acquire eCential Robotics
09/01
OpenAI Issued Warrants Worth $5.5 Billion in SB Energy, WSJ Reports

Subscribe to Enterprise AI Brief

Weekly report on AI business applications, enterprise software releases, automation tools, and industry implementations.

AI Token Webinar

Whitepaper

Stanford HAI’s 2025 AI Index Reveals Record Growth in AI Capabilities, Investment, and Regulation

The 2025 AI Index by Stanford HAI provides a comprehensive overview of the global state of artificial intelligence, highlighting significant advancements in AI capabilities, investment, and regulation. The report details improvements in AI performance, increased adoption in various sectors, and the growing global optimism towards AI, despite ongoing challenges in reasoning and trust. It serves as a critical resource for policymakers, researchers, and industry leaders to understand AI's rapid evolution and its implications.

Read more

You May Also Like