20/3/2009

Ventracor hands over the books

Date 20/3/2009
Author Nabila Ahmed
Source The Australian Financial Review -- Page: 50
Administrators from Ferrier Hodgson have been appointed to Australian-listed biotechnology group Ventracor. The move follows the failure of attempts to secure new capital, although Ventracor held discussions with more than 100 prospective investors. US-based Medtronic is believed to be a potential buyer of the group's VentrAssist heart pump technology.
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Looks like Medtronic got the Money to do so !!

http://www.medtronic.com/
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And

http://www.clinica.co.uk/video2/ventracor_wades_deeper_into_troubled_waters_with_lvad