TransMedics Group, Inc. (Nasdaq: TMDX), a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart, and liver failure, announced today that is has acquired from Bridge to Life Ltd., assets and intellectual property related to the Ex-Vivo Organ Support System and LifeCradle Heart Preservation Transport System technologies. EVOSS is a warm perfusion technology designed for lung and heart transplantation and LifeCradle is a cold perfusion technology designed for heart transplantation. TransMedics intends to further develop these technologies as the company seeks to expand its product offerings and indications for organ transplantation.
“We are excited for the opportunity to further develop these innovative technologies and incorporate them into our Next-Generation OCS technology platform,” said Waleed Hassanein, MD, President and Chief Executive Officer. “This acquisition positions us to capitalize on significant strategic opportunities to expand our product offering, add new clinical indications, further enhance the National OCS Program (NOP) offering, and maintain our global leadership position in the organ transplant field.”
Canaccord Genuity LLC acted as financial advisor to TransMedics. Piper Sandler & Co. acted as financial advisor to Bridge to Life. Ropes & Gray LLP acted as legal advisor to TransMedics. Cooley LLP acted as legal advisor to Bridge to Life.
About TransMedics Group, Inc.
TransMedics is the world’s leader in portable extracorporeal warm perfusion and assessment of donor organs for transplantation. Headquartered in Andover, Massachusetts, the company was founded to address the unmet need for more and better organs for transplantation and has developed technologies to preserve organ quality, assess organ viability prior to transplant, and potentially increase the utilization of donor organs for the treatment of end-stage heart, lung, and liver failure.
