24 May 2018

Sale of non-drug coated Chocolate® PTCA Balloon Catheter and Glider® PTCA Balloon Catheter products and an option to purchase drug coated Coronary Balloon Catheter product known as Chocolate Heart™

Partner Danny Lim and Associate Tricia Teo are acting for QT Vascular Ltd. as Singapore counsel in its S$32.78 million sale of non-drug coated Chocolate® PTCA balloon catheter and Glider® PTCA balloon catheter products to Teleflex Incorporated and S$65.57 million option granted by QT Vascular for Teleflex to acquire its drug coated coronary balloon catheter product known as Chocolate Heart™. QT Vascular is engaged in the design, assembly and distribution of advanced therapeutic solutions for the minimally invasive treatment of complex vascular diseases.