Bridge to Life Ltd. (BTL), a leading global supplier of organ preservation and perfusion technologies, announced today its divestiture of certain assets to TransMedics, Inc., a wholly owned subsidiary of TransMedics Group, Inc. (NASDAQ: TMDX), including its EVOSS heart and lung and LifeCradle heart perfusion assets. BTL will use the proceeds from the divestiture of these assets to focus on its core preservation solutions business and its pending Food and Drug Administration (FDA) submission for the VitaSmart™ Liver Machine Perfusion System.
https://finance.yahoo.com/news/bridge-life-divests-certain-assets-212800812.html
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