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Shandong's Blue Sail Acquires New Valve Technology of Switzerland for $160 Million

publication date: Sep 25, 2019

Blue Sail Medical of Shandong and Biosensors, a subsidiary of Blue Sail, will pay $160 million to acquire New Valve Technology, a Swiss medical device company. NVT specializes in safe, cost-effective, minimally invasive heart valve replacements. Its Allegra transcatheter aortic valve replacement device was approved in the EU in 2017. Blue Sail is known primarily for its disposable medical/surgical PVC gloves, while its Biosensors subsidiary, located in Singapore, makes stents, a complementary market to NVT's products. More details....

Stock Symbol: (SHZ: 2382)

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