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Sep 23, 2021Legal
Boston Scientific to Acquire Blood Clot Removal Tech Company Devoro Medical

Boston Scientific Corp. has agreed to acquire Devoro Medical Inc. in a deal expected to close this year.  Boston Scientific previously held a 16% equity stake in Devoro Medical and now agrees to acquire the remaining 84% stake for $269M.  Boston Scientific also agrees to pay up to $67M more if Devoro Medical clears certain regulatory and clinical milestones.

Devoro Medical is the developer of the WOLF Thrombectomy® Platform–a technology platform that “targets and rapidly captures blood clots using finger-link prongs that retrieve and remove thrombi in the arterial and venous systems.”

According to Boston Scientific’s press release:

 

Boston Scientific plans to accelerate development of the WOLF platform following its acquisition of Devoro Medical, according to Michael R. Jaff, D.O., its Chief Medical Officer and Vice President of Clinical Affairs, Technology and Innovation, Peripheral Interventions.

This deal is the latest in a series of acquisitions this year by Boston Scientific.  In January, Boston Scientific agreed to acquire cardiac wearables company Preventice Solutions for $925M.  In March, Boston Scientific agreed to acquire the global surgical business of Lumenis LTD for $1.07B.  And, in June, Boston Scientific agreed to acquire cardiac ablation device maker Farapulse for $295M.

Written by: Douglas B. Wentzel

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