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-0.000384098329172192 -0.00076819665834452 -0.00153639331668904 0.00153639331668904 -4.80122911464898E-05 -0.000864221240637636 0.00072018436719803 0.00460917995006726
Stock impact report

Elutia to divest bioenvelopes business to Boston Scientific for $88m [Yahoo! Finance]

Boston Scientific Corporation (BSX) 
Last boston scientific corporation earnings: 4/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.bostonscientific.com
Company Research Source: Yahoo! Finance
This transaction is stated to allow Elutia to advance its development and commercialisation efforts of its near-term pipeline without diluting shareholder value. The EluPro BioEnvelope comprises a “unique” extracellular matrix designed to facilitate the regeneration of healthy, vascularised tissue while preventing post-operative complications. The bioenvelope is designed to release rifampin and minocycline over an extended period at the surgical site, ensuring prolonged antibiotic delivery. The CanGaroo Envelope is made from acellular biologic material and aims to create a conducive environment for tissue healing by regulating the biological response to injury. Elutia CEO Dr Randy Mills said: “EluPro has clearly demonstrated that our proprietary drug-eluting biologics platform works at scale. “With the successful launch of EluPro, seven national group purchasing organisation contracts secured and more than 160 value analysis committee approvals, we have shown that we can de Show less Read more
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