The Medtronic-Sequoia China Healthcare Technology Venture Investment Fund led a Series B round in Forerunner Medical (Shanghai) Co., Ltd. Existing investors, Sequoia and WuXi Healthcare Ventures, also participated in the series B round. At the same time, Forerunner Medical has completed the acquisition of MedSphere Shanghai, a subsidiary company of MedSphere International, a minimally invasive medical devices and surgical products maker. No financial details were announced for the two transactions.
