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MicroPort and Sorin form Medical Device JV

Jan. 9, 2014

MicroPort announced on January 9, 2014 that it is planning to set up a joint venture with Italian Sorin CRM. The new JV will focus on the R&D and marketing of cardiac rhythm management (CRM) devices in China, including pacemakers, defibrillators, cardiac resynchronization devices and other CRM related products.

MicroPort will invest $10 million in cash and hold a 51% stake in the JV.