"The acquisition of Intelect Medical supports our long-term strategy of enhancing our product portfolio and gaining market share in the Neuromodulation space, and it will help us to provide the most advanced deep brain stimulation technology solutions for neurologists, neurosurgeons and their patients," said Michael Onuscheck, Senior Vice President and President, Neuromodulation for Boston Scientific. "The GUIDE DBS system promises to be a major advance in deep brain stimulation therapy, especially when used in conjunction with our Vercise DBS System."
"This acquisition represents additional progress in our strategy to realign Boston Scientific's portfolio through the execution of our Priority Growth Initiatives," said Ray Elliott, President and Chief Executive Officer of Boston Scientific. "Deep brain stimulation has enormous potential, and it is an important part of our Neuromodulation business growth plans. We will continue to pursue additional Priority Growth Initiatives to strengthen our Company by buying or building products we understand, to be sold through sales forces we already have."
The Vercise DBS System is an investigational device and is limited by applicable law to investigational use only and is not available for sale.
About Boston ScientificBoston Scientific is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a broad range of interventional medical specialties. For more information, please visit: www.bostonscientific.com.
Cautionary Statement Regarding Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forw
|SOURCE Boston Scientific Corporation|
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