Boston Scientific Corporation Acquires Sadra Medical for $386,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f516510-af95-4759-902a-c25f04419dec&Preview=1
Date
11/19/2010
Company Name
Sadra Medical
Mailing Address
160 Knowles Drive Los Gatos, CA 95032
Company Description
Sadra Medical is dedicated to developing innovative new therapies for the treatment of aortic valve disease. By developing minimally invasive alternatives to traditional surgical valve replacement, the company seeks to help improve patient care and make valve replacement possible for broader range of patients. Treatment of aortic valve disease remains a significant and growing unmet clinical need.
Website
http://www.sadramedical.com
Transaction Type
M&A
Transaction Amount
$386,000,000
Transaction Round
Proceeds Purposes
M&A Terms
As a result of the Company’s existing 14 percent ownership of Sadra, the actual upfront cash payment by the Company will be $193 million plus additional potential milestone payments up to $193 million.