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Sofinnova Partners Sells ReCor Medical To Otsuka Holdings

Paris-based Life Sciences VC shop Sofinnova Partners announced that Otsuka Holdings is acquiring its portfolio company ReCor Medical. The company manufactures medical devices specialised for the treatment of hypertension. ReCor Medical was created in 2009 by Sofinnova Partners, Mano Iyer – who was then entrepreneur-in-residence at Sofinnova Partners and now Chief Operating Officer of ReCor – and Professor Jacques Seguin, MD, who became a large private investor in ReCor. Prof. Seguin was previously founder and CEO of CoreValve, a past Sofinnova portfolio company and a leader in the transcatheter valve replacement space, which was sold to Medtronic. Sofinnova Partners was the sole...