Nanostim Signs Investment Agreement with St. Jude Medical (STJ)

Nanostim, Inc., a privately-owned developer of miniaturized, leadless pacemakers, today announced that they have reached an agreement under which St. Jude Medical, Inc. STJ has committed to a staged financing of Nanostim, subject to the company achieving certain development and clinical milestones. The agreement also gives St. Jude Medical the exclusive option to acquire the company.