Capricor Therapeutics Inc. is buying patent rights from Medtronic Inc. (NYSE: MDT) related to a heart-failure treatment.

Beverly Hills, California-based Capicor is buying rights related to the formulation and pump delivery of natriuretic peptides, which are used for the treatment of post-acute heart failure. The purchase helps the buyer start a clinical program for Cendertide, the heart failure-related drug it is developing. Terms of the deal were not disclosed.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.