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Stock impact report

Boston Scientific: Symetis Acquisition [Seeking Alpha]

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: Seeking Alpha
Summary Quick Take Medical technology company Boston Scientific ( BSX ) has announced an agreement to acquire aortic valve medical device maker Symetis for $435 million in an all cash transaction. The global structural heart market is expected to grow rapidly, and Boston Scientific’s acquisition of Symetis promises to take full advantage of that growth opportunity. Target Company Ecublens, Switzerland-based Symetis was founded in 2001 by Simon Hoerstrup and Gregor Zund to develop minimally invasive aortic valve devices. Management is headed by current CEO Jacques Essinger, Ph.D., Chief Medical Officer Pedro Eerdmans and Chief Architect Jaroslaw Palka. The company’s portfolio includes two existing systems for treating patients with aortic valve stenosis: Acurate TA – heart Aortic valve replacement Acurate neo/TF valve – Femoral aortic valve replacement In addition, the company is currently in European clinical trials for its Acura Show less Read more
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