Orchestra BioMed Holdings Inc. expects to receive up to $21 million in cash proceeds following the acquisition of its strategic holding, Vivasure Medical Limited, by Haemonetics Corporation. The company anticipates receiving $11 million of these proceeds in 2026, consisting of approximately $5 million upfront and about $6 million as a first milestone payment. The remaining proceeds are expected through future revenue earnouts based on milestone achievements. Orchestra BioMed has played a significant role in Vivasure’s development, with its leadership providing strategic guidance and support for Vivasure’s PerQseal technology since its early stages.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Orchestra Biomed Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9623250-en) on January 12, 2026, and is solely responsible for the information contained therein.