BUZZ-Catheter Precision falls on sale of artery cleaning device business

Reuters

02/19

BUZZ-<a href="https://laohu8.com/S/VTAK">Catheter Precision</a> falls on sale of artery cleaning device business

** Shares of heart-device maker Catheter Precision VTAK.A fall 10.76% to $1.52 premarket

** Co says it is selling its atherectomy catheter tech - a device used to clear plaque from arteries - to another medical-device firm

** Deal includes $15,000 cash at closing, a 5% stake in the buyer with anti-dilution up to $5 mln, and 10-year royalties starting at 1.5% of net sales - VTAK

** Co says move follows pipeline review and lets it focus on devices for treating heart-rhythm disorders

** Co says sale provides small cash boost, potential equity upside and royalty revenue if products sell well

** Shares down ~79% in 2025

(Reporting by Sahil Pandey in Bengaluru)

((Sahil.Pandey@thomsonreuters.com))

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