The Obsidio buyout comes not long after Boston Scientifics first M&A move this year. All rights reserved. Performing therapeutic embolization to occlude blood vessels is a high-risk procedure. Published on August 16, 2022 Boston Scientific Corporation (NYSE: BSX) acquired Obsidio, Inc., a company that has developed the Gel Embolic Material (GEM ) technology Boston Scientifics Acquisition of Obsidio; Boston Scientifics Acquisition of Obsidio. << In August, Boston Scientific acquired Obsidio, a privately held startup that has developed the Gel Embolic Material (GEM) technology used for embolization of blood vessels in the peripheral vasculature. The transaction is expected to be immaterial to Boston Scientific's GAAP and adjusted earnings per share in 2022. << Floating Field Clinical Specialist LAAC, EMEA v Boston Scientific Ostrava-msto, Moravskoslezsk, esko. Performing therapeutic embolization to occlude blood vessels is a high-risk procedure. << Note: Although this list can be sorted by the amount of funding each organization receives, these data should not be interpreted as a ranking of institutions by NIH. /Title ( B o s t o n S c i e n t i f i c A n n o u n c e s A c q u i s i t i o n o f O b s i d i o , I n c . where the blood does not pass through an arterial/capillary/venous transition but directly from an artery to a vein), Presence of patent extra-to-intracranial anastomoses or shunts, Presence of end arteries leading directly to cranial nervesIn any vasculature where the product could pass directly into the internal carotid artery, vertebral artery, intracranial vasculature or the above listed vessels. In April 2022, Boston Scientific gained FDA 510(k) clearance for the EMBOLD Fibered Detachable Coil. Blood vessels to occlude blood flow for controlling bleeding/hemorrhaging in the peripheral vasculature. /PCSp 4 0 R 15 0 obj /Subtype /Link Our technology is paving the way to new approaches to treating disease and reducing barriers to healthcare. 15th August 2022. >> Capillary bed occlusion and tissue damage, which may lead to abscess formation and sepsis. Zacks. >> The physician should be sure to carefully select the amount of the GEM used according to the size of the catheter appropriate for the target vessels at the desired level of occlusion in the vasculature. >> << !evzaZYHR-F7!Js8)srB9 If our underlying assumptions turn out to be incorrect, or if certain risks or uncertainties materialize, actual results could vary materially from the expectations and projections expressed or implied by our forward-looking statements. Patterson Companies has an estimated long-term growth rate of 7.9%. Varithena polidocanol injectable foam 1% varicose vein treatment. However, specific terms of the transaction have been kept under wraps. /Border [0 0 0] 5 0 obj 8 0 obj /SA true Careful consideration should be given prior to using this product in patients who are suspected to be allergic to injections containing gelatin. Boston Scientific's products and technologies are used to diagnose or treat a wide range of medical conditions, including heart, digestive, pulmonary, vascular, urological, women's health, and chronic pain conditions. The purchase price stated in the agreement is KRW 14,500 per share, subject to fulfillment of closing adjustments. New risks and uncertainties may arise from time to time and are difficult to predict, including those that have emerged or have increased in significance or likelihood as a result of the COVID-19 pandemic. Physicians deliver the GEM agent through a catheter, and its gel-like composition enables controlled placement within patient anatomy. This privately-held company is the renowned Boston Scientific Corporation has reportedly announced that it is planning to acquire Obsidio Inc., a private company which has developed the GEM Technology (Gel Embolic Material), used for the blood vessels embolization in peripheral vasculature. 11 0 obj See all Peripheral Artery and Vein interventions, See all Spinal Cord Stimulator (SCS) systems device support, Update on LOTUS Edge Aortic Valve System, See all Transcatheter Aortic Valve Replacement device support, EDUCARE Medical Education and Training Courses. >> Boston Scientific Corporation (NYSE: BSX) today announced the acquisition of Obsidio, Inc., a privately-held company that has developed the Gel Embolic Material (GEM ) technology used for embolization of blood vessels in the peripheral vasculature. Learn More. Technology; Applications; About Us; Press; Publications; Contact; Contact Schedule a visit; Obsidio's portfolio of products is under development and does not have marketing clearance or approval in any market at this time. According to itspress release, Boston Scientific intends to expand its interventional oncology and embolization portfolios. [/Pattern /DeviceRGB] 7) | After a whirlwind 2021 Columbia, SC (December 2, 2019) Obsidio, Inc., a pre-clinical stage medical materials developer pioneering a universal embolic hydrogel (GEM) designed to be delivered MARLBOROUGH, Mass., Aug. 15, 2022 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) today announced the acquisition of Obsidio, Inc., a privately-held company that has developed the Gel Embolic Material (GEM ) technology used for embolization of blood vessels in the peripheral vasculature. It reduces the preparation time required in several embolization procedures. This 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. endobj << On August 15, 2022 Boston Scientific Corporation (NYSE: BSX) reported the acquisition of Obsidio, Inc., a privately-held company that has developed the Gel Embolic Material (GEM) technology used for embolization of blood vessels in the peripheral vasculature (Press release, Boston Scientific, AUG 15, 2022, View Source ,-Inc [SID1234618342]). Perform the procedure only under the direction of personnel with vascular embolization training and thorough knowledge of angiographic techniques. MARLBOROUGH, Mass., Aug. 15, 2022 / PRNewswire / -- Boston Scientific Corporation (NYSE: BSX) today announced the acquisition of Obsidio, Inc., a privately-held hypoxia, central nervous system changes). /ColorSpace << Consider terminating the procedure and investigating for possible shunting if non-target embolization is suspected or patient symptoms develop. /Subtype /Link Obsidio is now a part of Boston Scientific. Primary Office. _ 0qK/vj-~ Pay careful attention for signs of non-targeted embolization. /ca 1.0 Boston Scientific currently carries a Zacks Rank #3 (Hold). Home Boston Scientific Acquires Obsidio, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. About Care must be given to avoid ischemia intolerant, nontargeted tissue such as nervous tissue. endobj Embolization is a minimally invasive procedure intended to obstruct or reduce blood flow to an abnormality or tumor to stop hemorrhaging, reduce the size of malignant and benign tumors, and stabilize venous and arterial malformations. 235 We are excited to announce the acquisition of Obsidio, Inc., developer of the Gel Embolic Material (GEM) technology used for embolization of blood MARLBOROUGH, Mass., Aug. 15, 2022 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) today announced the acquisition of Obsidio, Inc., a privately-held company that has developed the Gel Embolic Material (GEM) technology used for embolization of blood vessels in the peripheral vasculature. Boston Scientific is a medical technology company. Menu. AMN has lost 0.4% against the industrys 27.6% fall. The company's File Number is listed as 001274361. Forward-looking statements may be identified by words like "anticipate," "expect," "project," "believe," "plan," "may", "estimate," "intend" and similar words. For a further list and description of these and other important risks and uncertainties that may affect our future operations, see Part I, Item 1A Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Part II, Item 1A Risk Factors in Quarterly Reports on Form 10-Q we have filed or will file hereafter. stream Cautionary Statement Regarding Forward-Looking Statements. Company to add novel technology cleared for use in peripheral vasculature to interventional oncology and embolization portfolio. /AIS false IZzI(sGpX'nW-X_3hFq3\Zh42 q3hS=:gWdX f;rkG/qxE"W4j=DK5Lvx6>}KP"7b4mV[. /Contents 12 0 R Vascular Embolization Device. That announcement came at the end of June when the Massachusetts device maker said it would purchase a majority stake in M.I.Tech, a Korean maker and distributor of non-vascular metal stents. | Advertise Boston Scientific announced on August 15, 2022, that it acquired Obsidio, Inc. for an undisclosed fee. Physicians deliver the GEM agent through a catheter, and its gel-like composition enables controlled placement within patient anatomy. /URI (http://www.prnewswire.com/) >> Serious radiation induced skin injury may occur to the patient due to long periods of fluoroscopic exposure, large patient diameter, angled x-ray projections, and multiple image recording runs or radiographs. It is the latest addition to the Boston Scientific interventional oncology portfolio and is designed for use in a wide range of embolization procedures. - A u g 1 5 , 2 0 2 2) >> << AMN Healthcare has outperformed its industry in the past year. Learn More. Boston Scientific Corporation (NYSE:BSX) acquired Obsidio, Inc., a company that has developed the Gel Embolic Material (GEM) technology used for embolization of blood vessels in the peripheral vasculature. /Type /ExtGState 4 min read Boston Scientific Corporation BSX recently announced the acquisition of Obsidio, Inc. endobj GEM Vascular Embolization Device is a 510 (k) cleared device with aqueous gel technology, the first of its kind to have a specific on-label indication for peripheral use in the US. Aug-16-22 02:10PM: Humana (HUM) to Acquire Inclusa to Aid Medicaid Customer Base. Obsidio is now a part of Boston Scientific. [ 8 0 R 9 0 R 10 0 R 11 0 R ] Boston Scientific has announced the acquisition of Obsidio, a privately held company that has developed the Gel Embolic Material (GEM) The material is delivered to a target vessel via catheter. The GEM technology is utilized for the embolization of blood vessels in the peripheral vasculature. Recently cleared by the U.S. Food and Drug Administration (FDA), the GEM technology is a semi-solid, proprietary material packaged in a ready-to-use form, thus reducing the preparation time required for many embolization procedures. /S /URI %PDF-1.4 The company surpassed earnings estimates in the trailing four quarters, delivering a surprise of 3.2%, on average. DUBLIN, Nov. 9, 2022 /PRNewswire/ -- The "The Global Market for Hydrogels 2023-2033" report has been added to ResearchAndMarkets.com's offering.. Complications may occur at any time during or after the procedure,and may include, but are not limited to, the following: Boston Scientific is dedicated to transforming lives through innovative medical solutions that improve the health of patients around the world. Copyright 2022 Knobbe Martens During injection carefully monitor patient vital signs to include SpO2 (e.g. Avoid embolization near branch points as this may increase the risk of non-target embolization. /S /URI /Rect [222.750000 350.250000 348 361.500000 ] Boston Scientific's (BSX) latest acquisition will add the FDA-approved GEM technology to its interventional oncology and embolization portfolio. /Rect [428.250000 350.250000 461.250000 361.500000 ] /Type /Action Note: Although this list can be sorted by the amount of funding each organization receives, these data should not be interpreted as a ranking of institutions by NIH. >> M.I.Tech is a publicly traded Korean company that developed the HANAROSTENT technology-- a family of conformable, non-vascular, self-expanding metal stents. Specific terms of the transaction have not been disclosed. << These forward-looking statements are based on our beliefs, assumptions and estimates using information available to us at the time and are not intended to be guarantees of future events or performance. /A << The Obsidio-buyout expands Boston Scientifics interventional oncology and embolization portfolio with a differentiated solution for physicians and patients suffering from hemorrhages, cancer and other debilitating conditions. endobj Senior Corporate Communication Specialist w Boston Scientific 4 . The treatment may be used to stop hemorrhaging, to stabilize blood vessel malformations, or to reduce blood flow to tumors, which are often highly vascularized. The transaction is expected to be immaterial to Boston Scientific's GAAP and adjusted earnings per share in 2022. Molina Healthcare has outperformed its industry in the past year. Ischemia at an undesirable location including ischemic stroke, ischemic infarction (including myocardial infarction), and tissue necrosis. The GEM agent can be administered through a catheter by physicians. endobj See all Peripheral Artery and Vein interventions, See all Spinal Cord Stimulator (SCS) systems device support, Update on LOTUS Edge Aortic Valve System, See all Transcatheter Aortic Valve Replacement device support, Gel Embolic Material (GEM) Vascular Embolization Device, EDUCARE Medical Education and Training Courses, Gel is compatible with a variety of microcatheters, is delivered ready-to-use, and requires minimal preparation, When force is applied, the aqueous gel flows readily through catheters and syringes, enabling accurate proximal placement in the target tissue as well as catheter reuse, When force is removed, the gel becomes a soft solid, conforming to the target vessel for delivering embolization, Packaged in a 1 mL syringe with a standard luer-lock connection for single use. /Border [0 0 0] /Length 13 0 R /Type /Annot /Type /Annot According to Boston Scientific, Obsidios FDA-cleared GEM technology is a semisolid material packaged in a ready-to-use form. The catheter-delivered GEM agents gel-like composition enables controlled placement within patient anatomy. When placed, GEM immediately conforms to the targeted vasculature to create a barrier. For more information, visit www.bostonscientific.com and connect on Twitter and Facebook. Obsidio, Inc. is a medical device company pioneering an injectable solid biomaterial platform technology with broad applications in interventional radiology and interventional oncology. /F6 6 0 R 1502 Main Street; Unit 4-C; Columbia, SC 29201; Obsidio Executive Team (4) Update this profile Name Title Board Seat Contact Info; Ehsan Jabbarzadeh This privately-held company is the renowned developer of the FDA-authorized Gel Embolic Material (GEM) technology. 1 2 . "This acquisition strengthens our interventional oncology and embolization portfolio with a differentiated solution for physicians and their patients suffering from hemorrhages, cancer and other debilitating conditions." The transaction is expected to be immaterial to Boston Scientific's GAAP and adjusted earnings per share in 2022. Cardiac Resynchronization Therapy (CRT) device support, Spinal Cord Stimulator (SCS) systems device support, Transcatheter Aortic Valve Replacement device support, Lab Agent - Restock Products For Your Practice, How Cardiac Resynchronization Therapy works, See all Cardiac Resynchronization Therapy (CRT) device support, See all Deep Brain Stimulation device support, How the LATITUDE Home Monitoring System works, Setting up your Communicator (USB Ethernet Adapter), Setting up your Communicator (USB Cellular Adapter), Using LATITUDE Communicator - CRT, Pacemaker, ICD, Using your LATITUDE communicator with EMBLEM S-ICD, LATITUDE indicator lights and troubleshooting, LATITUDE resources for patients and caregiver, See all Remote Monitoring System device support, Potential benefits of GreenLight Laser Therapy, Using Tactra Malleable Penile Prosthesis, Using Spectra Concealable Penile Implant, Peripheral Artery Disease (PAD) treatments. Boston Scientific Corporation BSX recently announced the acquisition of Obsidio, Inc. The transaction is expected to be immaterial to Boston Scientifics GAAP and adjusted earnings per share in 2022. /ExtGState << /Producer ( Q t 4 . In June 2022, Boston Scientific entered into a definitive agreement with Synergy Innovation Co., Ltd, to acquire the latters majority stake (roughly 64%) of M.I.Tech Co., Ltd, ("M.I.Tech"). The amount of the deal was not disclosed. Tech. PDCO has gained 1.6% compared with the industrys 4.1% fall in the past year. /Subtype /Link /URI (https://c212.net/c/link/?t=0&l=en&o=3620281-1&h=2172636270&u=http%3A%2F%2Ftwitter.com%2Fbostonsci&a=Twitter) MOH has gained 30.7% against the industrys 30.6% growth. Boston Scientific (BSX) Signs Obsidio-Acquisition Agreement. After a whirlwind 2021 that saw Boston Scientific gobbling up a handful of smaller companies left and right, the medtech giants M&A appetite seems to have slowed. 4) Boston Scientific is a multinational biomedical engineering company. According to Obsidio, GEM is a semi-solid made up of bioresorbable gelatin, layered silicate, and tantalum powder. Acquiring Organization: Boston Scientific Boston Scientific is an innovator of medical solutions that improve patient health. Recently cleared by the U.S. Food and Drug Administration (FDA), the GEM technology is a semi-solid, proprietary material packaged in a ready-to-use form, thus reducing the preparation time required for many embolization procedures. Patients should be counseled on potential radiation side effects and whom they should contact if they show symptoms. Vydavatel O slub Ochrana soukrom Smluvn podmnky Npovda On the Gelesis website, individuals can submit a contact form, write to 500 Boylston St, Ste 1600, Boston, MA 02116 or call 617-456-4718. Medi-Tech was the brainchild of Itzhak Bentov, a Czech-born emigre to Israel and then to the United States, who worked at the Arthur Online Shopping: car. >> These forward-looking statements include, among other things, statements regarding our business plans and product performance and impact. Tesla Loses 2 Years of Gains Amid Twitter Saga, Demand Fears, Drake, 21 Savage blocked from using 'Vogue' covers to promote album, judge rules, Binance walks away from acquisition deal with FTX: Report, October CPI preview: Inflation likely eased slightly from last month, Marketmind: CPI catches the eye, crypto crumbles. Tissue such as nervous tissue, 2022, that it acquired Obsidio Inc! ), and its gel-like composition enables controlled placement within patient anatomy terminating procedure. 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