Boston Scientific To Acquire Interventional Radiology Business Of CeloNova Biosciences
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Boston Scientific (BSX) to Acquire Certain CeloNova's Interventional Radiology Portfolio
November 10, 2015 8:32 AM ESTBoston Scientific (NYSE: BSX) has entered into a definitive agreement to acquire the interventional radiology portfolio of CeloNova Biosciences, a San Antonio-based developer of endovascular and interventional cardiology technologies. The structured agreement includes drug-eluting microspheres designed to be loaded with chemotherapy drugs for delivery to cancerous tumors, and spherical embolic products used to treat uterine fibroids and other conditions. The transaction consists of an upfront payment of $70 million and additional payments contingent on regulatory and sales milestones.
"As we continue to build our interventional oncology business, we expect that the team and... More
