MicroPort® Invests ~$58M for 51% of IV-OCT Imaging Start-up Argus
MicroPort Scientific Corporation (00853.HK, “MicroPort ® ”) signed a strategic investment agreement with Suzhou Argus Medical Technology Co., (“Argus”) and the related parties. Under the agreement, MicroPort ® will directly invest in Argus and acquire part of the equity from the existing shareholders, with total cost of RMB 372.3 million. After completion of the transaction, MicroPort ® will become the controlling shareholder of Argus, with 51% equity interest in Argus. Founded in Suzhou Industrial Park in 2016, Argus focuses on solutions for intravascular OCT systems, and has successfully developed ArgusClarity™ OCT system and Argus NOPURGE TM purge-free disposable imaging catheter independently. ArgusClarity ...
