-- TransMedics Group (TMDX) said Wednesday it agreed to invest in Germany-based private aviation operator PAD Aviation to establish a dedicated air and ground logistics network for organ transplants in Europe.
The project will support the firm's OCS perfusion platform and clinical services to help expand access to donor organs and increase transplant volumes across the European Union, the company said.
Management anticipates closing the deal later in 2026, subject to standard regulatory approvals and closing conditions, TransMedics said.
Shares of the company were down 1.9% in Wednesday trading.
Price: $99.63, Change: $-1.63, Percent Change: -1.61%