US-based Boston Scientific has completed the acquisition of Claret Medical for $270m.
Claret Medical will receive $220m in cash from Boston Scientific and $50m as a potential reimbursement-based milestone payment.
Based in the US, Claret Medical is a manufacturer of cerebral vascular protection systems. The company’s Sentinel System, a cerebral embolic protection system, was granted new technology add-on payment (NTAP) designation by the US Centres for Medicare and Medicaid Services (CMS).
The Sentinel System has also received a European CE-Mark this year and US FDA clearance last year.
Lincare Holdings Inc has completed the acquisition of Specialized Medical Services Inc from Riverside Co for an undisclosed sum.
Based in the US, Lincare Holdings is an oxygen and respiratory therapy services provider, while Specialized Medical Services, also based in the US, is a medical devices provider for respiratory care services.
Jones Day has been appointed as the legal advisor to Riverside for the transaction.
Breathtec Biomedical Inc has inked a letter of intent (LOI) to purchase all the outstanding shares of Nash Pharmaceuticals Inc.
Breathtec will sign a definitive agreement with Nash Pharma pursuant to the LOI, where the former will complete a consolidation of its securities on a 2-to-1 basis, before the transaction closure.
The company will purchase 100% shares of Nash Pharma in consideration for the issuance of the former’s 15.8 million common shares. The company will also issue 14.8 million additional warrants at an equal exercise price of the target company’s warrants.
Breathtec also plans to complete a private placement of securities to raise proceeds of up to C$1m ($0.76). The funds raised will be used towards the development of Nash Pharma’s business.
Based in Canada, Breathtec is a developer of medical devices for the early screening of life-threatening diseases, while Nash Pharma, also based in Canada, is a clinical-stage pharmaceutical company.