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| Acquiring Party | Bovie Medical Corporation (Amex: BVX ), a manufacturer of electrosurgical products. |
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| Transferring Party | Boston Scientific Corporation (NYSE: BSX), a major manufacturer of medical device products for interventional medical specialties. |
| Sector | Medical Devices |
| Date | May 2, 2008 |
| Analysis IP relates to conductive sintered steel as an electrode for radio frequency (RF) cutting and coagulation, intended to lower blood loss, quicken procedure times and provide cost savings in open and laparoscopis surgeries. Potential fields of therapy -- liver, pancreatic and kidney tumor therapies along with orthopedic and blood vessel sealing. The deal replaces a distribution and marketing agreement requiring Bovie to develop and manufacture certain products using BSX's IP. Terms not disclosed. | |
The Walden Group is a leading healthcare investment banking firm specializing in mergers, acquisitions and strategic transactions. It also invests its own funds and, together with its expert operational partners, provides value-added services to help special companies reach critical milestones. This information is copyright © 2004-2007 The Walden Group, Inc. This information is provided as a service to the public but remains the intellectual property of The Walden Group, Inc and may not be reproduced in any manner without the written permission of The Walden Group, Inc. The information contained in the transactions table was derived from publicly available and other sources. Transaction analysis and other information are based, in part, upon public comments, Walden Group research and judgments, and reporting and research of others. The information is not intended to be relied upon as pronouncements by the transaction participants or for any other reason. | |