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Dive Brief:
- Acutus Medical is laying off approximately 160 employees in a restructuring that will leave it focused solely on meeting the manufacturing and distribution terms of its deal with Medtronic.
- The company went public in 2020, raising $159 million to challenge Abbott, Boston Scientific, Johnson & Johnson and Medtronic for the electrophysiology mapping market. However, Acutus is yet to have a big impact on the sector.
- Rather than keep striving to grow market share, the company has decided to exit mapping and ablation and focus on its remaining cash on the Medtronic partnership. Medtronic bought an Acutus business last year and w…
Read the full article at: https://www.medtechdive.com/news/acutus-layoff-medtronic-partnership/699419/