Orchestra BioMed Secures $70M Investment from Ligand and Medtronic for Cardiology Program Advancement

Reuters
Yesterday
<a href="https://laohu8.com/S/OBIO">Orchestra BioMed</a> Secures $70M Investment from Ligand and Medtronic for Cardiology Program Advancement

Orchestra BioMed Holdings Inc. has announced a new infusion of $70 million in strategic capital from Ligand Pharmaceuticals and Medtronic to support its advanced cardiology programs. Under the agreement, Ligand will invest $35 million, receiving a tiered royalty on future sales of Orchestra's AVIM therapy and Virtue SAB, alongside an additional $5 million equity stake. Medtronic, in turn, will invest $10 million in equity and an additional $20 million in a promissory note convertible to prepaid revenue share, contingent on FDA approval of AVIM therapy. The collaboration will also focus on developing AVIM therapy-enabled leadless pacemakers, marking a significant step forward in Orchestra BioMed's efforts to bring innovative cardiovascular solutions to market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Orchestra Biomed Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9504288-en) on July 31, 2025, and is solely responsible for the information contained therein.

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