Acutus Medical up on $17 mln payment from Medtronics on heart device milestone

Acutus Medical

21/12/2022 12:39

** Shares of medical device maker Acutus Medical Inc
 AFIB.O  rise ~8% at $0.92 premarket
    ** Co says it has achieved second milestone under the asset
purchase agreement with Medtronic Plc  MDT.N  on EU filing of
its left-heart access portfolio
    ** Acutus to receive $17 mln payment from MDT
    ** AFIB says it has submitted for CE Mark under European
Union's medical device regulations
   ** Starting Jan. 28, 2023, Acutus will be eligible to receive
four years of revenue-based earnouts - AFIB
    ** Up to Tuesday's close, AFIB has fallen ~75% YTD
 (Reporting by Sriparna Roy)
 ((Sriparna.Roy@thomsonreuters.com;))