Navigation Links
Boston Scientific Acquires Intelect Medical
Date:1/5/2011

NATICK and BOSTON, Mass., Jan. 5, 2011 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) today announced it has acquired Intelect Medical, Inc., a development-stage company located in Boston.  Intelect Medical is developing advanced neuromodulation technologies for deep brain stimulation (DBS) therapy.  The transaction values Intelect Medical at $78 million with no cash and no debt on its balance sheet.  As a result of Boston Scientific's existing equity and debt positions in Intelect Medical, the total cash payment by Boston Scientific was approximately $60 million, which was funded with cash on hand. Boston Scientific expects the transaction to have an immaterial impact on its GAAP and adjusted earnings per share in each of 2011, 2012 and 2013, and to be accretive starting in 2014.

DBS involves the implantation of a lead into the brain and a pulse generator into the chest that sends electrical impulses to the lead.  Boston Scientific estimates the current worldwide market for DBS at $400 million with projections to grow to more than $1.5 billion by 2020.

Intelect Medical is developing the GUIDE™ DBS programming system, the first system to enable clinicians to visualize stimulation fields in the brain and provide more precise targeting of therapy.  This innovative technology -- combined with Boston Scientific's Vercise™ DBS System -- is expected to provide clinicians substantially improved treatment for their patients.  The Vercise DBS System is a neurostimulation device designed to deliver electrical signals to specific areas within the brain through individual lead contacts that allow a more tailored amount of current flow based on patient needs.  Boston Scientific recently announced the first Vercise DBS System implant as part of its VANTAGE clinical trial to treat Parkinson's disease.  Parkinson's disease
'/>"/>

SOURCE Boston Scientific Corporation
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related biology technology :

1. Boston Scientific Begins Patient Enrollment in Clinical Trial Assessing Deep Brain Stimulation for Parkinsons Disease
2. Boston College physics professor Willie Padilla receives PECASE award
3. Stryker Announces Definitive Agreement to Acquire the Neurovascular Division of Boston Scientific for $1.5 Billion
4. Access Pharmaceuticals Presents at American Chemical Society Annual Fall Meeting in Boston, MA
5. Melissa Kemp, Ph.D., Wins the Council for Systems Biology in Boston (CSB2) Award Sponsored by Merrimack Pharmaceuticals, Inc.
6. Boston Scientific Begins PLATINUM PLUS Trial for PROMUS(R) Element(TM) Stent System
7. A Year Since Obamas Lifting of Ban on Stem Cell Funding, Boston Team Ready to Distribute Lines Worldwide But Obstacles Remain. New Website to End Public Confusion and Push Science Forward
8. GenomeQuest Announces Boston Seminar: Sequence Data Management for Next Generation Sequencing
9. Caturano and Company to Host Boston Biotech Event, "BIBA Biotech 2010 and Beyond"
10. UMass Boston's Venture Development Center Announces New Bio-Science Partner
11. Molecular Genetics Core Facility at Childrens Hospital Boston Selects HybSelect from febit for Targeted Resequencing
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/10/2014)... -- Research and Markets ( http://www.researchandmarkets.com/research/s3bqj2/photonic ) has ... Integrated Circuit (Monolithic Integration, Hybrid Integration, Module Integration) ... their offering. http://photos.prnewswire.com/prnh/20130307/600769 ... traces its roots in the latter half of ... went unexplored and unfulfilled for several decades owing ...
(Date:7/10/2014)... of Adelaide research may help in the fight against ... detect tiny quantities of explosives with the use of ... journal Sensors and Actuators B: Chemical , the ... detect explosives in concentrations as low as 6.3 ppm ... only a few minutes. , "Traditionally explosives detection has ...
(Date:7/10/2014)... Understanding the basis of psychiatric disorders has been extremely ... increase risk but are insufficient to cause disease. Now ... Cell Press journal Cell Stem Cell describe ... genetic risks interact with other risk factors or environmental ... Their research pinpoints a genetic variant that may predispose ...
(Date:7/10/2014)... forever. Nanophysics makes sure of that. Mechanics researchers at Linkping ... Physical Review E . Knowledge that can be of ... be able to sit still forever, and walk around upside ... soon be able to buy smart new fasteners that hold ... is, sooner or later the grip is lost, no matter ...
Breaking Biology Technology:International Photonic Integrated Circuit (Monolithic Integration, Hybrid Integration, Module Integration) Market - Forecasts to 2019 2Detecting trace amounts of explosives with light 2New strategy could uncover genes at the root of psychiatric illnesses 2Even geckos can lose their grip 2
... its Fiscal Year 2009" issued on 15 Mar,2010 13:20 GMT , by Health Robotics over PR Newswire, we are ... Complete, corrected release follows: , ... , ... ...
... radionuclide - , ... ... - Interaction of ... , ...
... and OXFORD, England , March ... PharmaVentures Limited ("PharmaVentures"),today announced the signing of a ... biotech, pharmaceutical and med tech sectors.,The companies will ... consolidation opportunities which bring together both strategic,expertise and ...
Cached Biology Technology:/C O R R E C T I O N -- Health Robotics/ 2/C O R R E C T I O N -- Health Robotics/ 3/C O R R E C T I O N -- Health Robotics/ 4/C O R R E C T I O N -- Health Robotics/ 5/C O R R E C T I O N -- Health Robotics/ 6/C O R R E C T I O N -- Health Robotics/ 7/C O R R E C T I O N -- Health Robotics/ 8/C O R R E C T I O N -- Health Robotics/ 9/C O R R E C T I O N -- Health Robotics/ 10/C O R R E C T I O N -- Health Robotics/ 11/C O R R E C T I O N -- Health Robotics/ 12/C O R R E C T I O N -- Health Robotics/ 13/C O R R E C T I O N -- Health Robotics/ 14/C O R R E C T I O N -- Health Robotics/ 15/C O R R E C T I O N -- Health Robotics/ 16/C O R R E C T I O N -- Health Robotics/ 17YM BioSciences announces AACR acceptance of two nimotuzumab poster presentations 2YM BioSciences announces AACR acceptance of two nimotuzumab poster presentations 3YM BioSciences announces AACR acceptance of two nimotuzumab poster presentations 4YM BioSciences announces AACR acceptance of two nimotuzumab poster presentations 5YM BioSciences announces AACR acceptance of two nimotuzumab poster presentations 6YM BioSciences announces AACR acceptance of two nimotuzumab poster presentations 7Matrix Corporate Capital and PharmaVentures Announce the Signing of a Memorandum of Understanding (MOU) 2Matrix Corporate Capital and PharmaVentures Announce the Signing of a Memorandum of Understanding (MOU) 3Matrix Corporate Capital and PharmaVentures Announce the Signing of a Memorandum of Understanding (MOU) 4
(Date:7/10/2014)... In Santa Fe, Albuquerque, and other major cities in ... watered with treated municipal wastewater rather than precious potable ... more than 40% of all golf courses receive treated ... courses. , Additionally, golf courses and homeowners alike ... nutrient in fertilizer is nitrate. A New Mexico State ...
(Date:7/10/2014)... , July 1, 2014 Smart technology ... for convenience and improved security: NXT-ID, Inc. (OTCBB: NXTD), eBay ... GOOG ), Apple Inc. (NASDAQ: AAPL ), ... (NYSE: MA) NXT-ID, Inc., (OTCQB: NXTD) a biometric authentication ... announce that the second series of 30 second spots on ...
(Date:7/10/2014)... According to the new market research report, ... (Optical Prism, Pizeoelectric, Capacitive, and Adhesives), Application (Mobile Devices, ... and Geography - Global Trends & Forecasts to 2014 ... Market is projected to cross $14.35 Billion by 2020, ... to 2020. Browse more than 78 market ...
Breaking Biology News(10 mins):'Tailored' water -- the latest in lawn care 2Advantages for Digital Wallets Eliminate Need to Carry Credit Cards - Large Scale CNBC Ad Campaign for Latest Smart Wallet to Commence July 7th 2Advantages for Digital Wallets Eliminate Need to Carry Credit Cards - Large Scale CNBC Ad Campaign for Latest Smart Wallet to Commence July 7th 3Advantages for Digital Wallets Eliminate Need to Carry Credit Cards - Large Scale CNBC Ad Campaign for Latest Smart Wallet to Commence July 7th 4Advantages for Digital Wallets Eliminate Need to Carry Credit Cards - Large Scale CNBC Ad Campaign for Latest Smart Wallet to Commence July 7th 5Fingerprint Sensors Market worth $14.35 Billion by 2020 2Fingerprint Sensors Market worth $14.35 Billion by 2020 3
... A team composed of Harvard students and alumni ... Africa 2008 Development Marketplace competition, held in Accra, Ghana ... fuel cell-based lighting systems suitable for Sub-Saharan Africa, netted ... World Bank, as only 26 percent of Africas population ...
... ARBOR, Mich.---The mouse is a stalwart stand-in for humans ... percent identical. But identical genes may behave differently in ... evolutionary biologists Ben-Yang Liao and Jianzhi Zhang reveals. ... mouse models in studying human disease, appear in the ...
... Japanese researchers have found a strong link between tooth ... head and neck, and lung. They suggest that preservation ... In the May issue of Cancer Epidemiology, Biomarkers ... Cancer Research, scientists from Aichi Cancer Center in Nagoya ...
Cached Biology News:Undergraduates develop 'dirt-powered' microbial fuel cells to light Africa 2Undergraduates develop 'dirt-powered' microbial fuel cells to light Africa 3Mouse can do without man's most treasured genes 2Mouse can do without man's most treasured genes 3Tooth loss strongly linked to risk of esophageal, head and neck, and lung cancer 2
Gastric Carcinoma Marker [BY-1 (3H11)]...
Human Dectin-1/CLEC7A Biotinylated Affinity Purified PAb...
Recognizes Kir4.1. The epitope does not share homology with any other known proteins.,SPECIES REACTIVITIES: The antibody is also expected to work with mouse and human due to sequence homology. Oth...
Profilin-1/2 (FL-140)...
Biology Products: