Hansen Medical Inc. (HNSN) announced that it has completed its acquisition of AorTx Inc. The financial terms of the acquisition include closing payments of 140,048 shares of Hansen Medical common stock and about $4.5 million in cash and Hansen Medical's payment or cancellation at closing of about $1.0 million of AorTx liabilities.
In addition, there are also possible milestone payments that total up to $15 million in Hansen Medical common stock and $15 million in cash upon the achievement of regulatory clearances and revenue and partnering milestones.
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