St. Jude Medical (St. Paul, Minnesota) and CardioMems (Atlanta) reported reaching an agreement under which St. Jude will make a $60 million equity investment in CardioMems. In return, St. Jude gets an immediate 19% ownership in the company and the exclusive option to acquire the company for an additional payment of $375 million during the period that extends through the completion of certain commercialization milestones. (Medical Device Daily)