subject: Asthma Treatment Company - The Biggest Deal This Week! [print this page] Hot report! Asthma Treatment Company (Asthmatx) will be bought by Boston Scientific Corp. This report was released on Monday and maybe have some effects to us. We are looking forward what will be changed in the Asthma Treatment Company (Asthmatx)?
Boston Scientific decided to buy Asthma treatment company (Asthmatx Inc.), they is slated to initially pay more than 193,000,000 US dollars (according to a report on Monday), this payment is for the asthma treatment device manufacturer.
And the companies said in a joint statement, Asthmatx will get more than $250 million through 2019 if it hits its revenue-based milestones.
The Sunnyvale, Calif.-based company makes the catheter-based treatment Alair Bronchial Thermoplasty System, which is used for patients with severe asthma. The catheter is heated to prevent muscle tissue in air passage ways to the lungs from constricting.
There are the companies noted that each year there are about 2,000,000 people with untreated asthma visit the emergency room, and the very bad is ~4,000 die/year.
"The acquisition of Asthmatx represents an important step in the execution of our strategy to realign Boston Scientific's portfolio," Ray Elliott, president and chief executive officer of Boston Scientific, said in a company statement.
"Given the large underserved patient population and this innovative technology, we expect this transaction to provide meaningful revenue growth in the midterm."
As we know, the deal hasn't been closed yet but Boston Scientific said they expect it to be complete by the 4th quarter. So we are looking forward about the effect of this big deal and what will be changed in Asthma Treatment Company (Asthmatx) after Boston Scientific take over it.
Asthma Treatment Company - The Biggest Deal This Week!
By: M Larry
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