Boston Sci Just Won ’t Stop Buying Companies

There really doesn’t seem to be in sight to Boston Scientific’s recent buying spree. This time the Marlborough, Mass.-based company is picking up Claret Medical for about $220 million in upfront cash and a potential reimbursement-based milestone payment of up to $50 million. The deal is set to close sometime in the third quarter of 2018. Santa Rosa, CA-based Claret has developed and received clearance for the Sentinel Cerebral Embolic Protection System. The device is used to protect the brain during certain interventional procedures, predominately in patients undergoing transcatheter aortic valve replacement(TAVR). “Through the development and commercialization of the Sentinel System, Claret Medical has successfully introduced a new layer of safety and peace of mind for physicians and their patients undergoing TAVR procedures," Kevin Ballinger, president, Interventional Cardiology, Boston Scientific, said in a release. "This acquisition will expand our commercial portfolio to include an important adjunctive offering aimed at improving TAVR patient outcomes. We also see potential for future use in other left heart and endovascular procedures such as mitral valve repair and replacement, left atrial appendage closure and pulmonary vein isolation ablation procedures for atrial fibrillation." Such a deal is interesting considering the current state of Boston Scientific’s TAVR program. Here’s a quick review. The company halted commercial implants of the Lotus Edge in 2016...
Source: MDDI - Category: Medical Devices Authors: Tags: Business Cardiovascular Source Type: news