Appriva Medical
Founded Year
1998Stage
Acquired | AcquiredTotal Raised
$18.4MValuation
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Latest Appriva Medical News
Oct 8, 2014
October 8, 2014 by Brad Perriello Covidien's Ev3 subsidiary logs a pair of legal wins, with the Delaware Supreme Court reversing a $250 million loss to Appriva and a Massachusetts federal judge tossing a whistleblower's lawsuit. Covidien (NYSE: COV ) subsidiary Ev3 logged a pair of legal wins in recent weeks when the Delaware Supreme Court overturned a $250 million loss to Ev3 acquisition Appriva Medical and a federal judge in Massachusetts tossed a whistleblower's lawsuit. The Delaware Superior Court ruled in 2013 that ev3 broke its contract with Appriva Medical when it denied the $175 million milestone for Appriva's Plaato device, which it acquired in August 2002 for a $50 million cash payment plus milestones. Sign up to get our free newsletters delivered straight to your inbox Covidien in March asked the First State's Supremes to grant a new trial over the $175 million in milestones Appriva Medical alleges are owed from a 2002 acquisition. The high court reversed the superior court's ruling Sept. 30, finding that the lower court erred in erred in allowing the jury to interpret a portion of the ev3/Appriva deal and in interpreting the merger agreement to be subject to a previous, non-binding letter of intent. 1
Appriva Medical Frequently Asked Questions (FAQ)
When was Appriva Medical founded?
Appriva Medical was founded in 1998.
Where is Appriva Medical's headquarters?
Appriva Medical's headquarters is located at 777 North Pastoria Avenue, Sunnyvale.
What is Appriva Medical's latest funding round?
Appriva Medical's latest funding round is Acquired.
How much did Appriva Medical raise?
Appriva Medical raised a total of $18.4M.
Who are the investors of Appriva Medical?
Investors of Appriva Medical include ev3, New Enterprise Associates, ABS Ventures and Institutional Venture Partners.
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