Investor Relations Boston Scientific spent $925 million in January for the cardiac wearables maker Preventice Solutions and $1.07 billion in March to buy Lumenis' global surgical business from a private equity . Study Design Go to Discover the FARAPULSE Pulsed Field Ablation System 8-application workflow and explore the clinical data behind it in this breakdown animation. The transaction to acquire Farapulse includes an upfront payment of approximately $295 million for the 73% stake not yet owned, plus up to $92 million upon achieving certain clinical and. Laura Aumann Source: Farapulse, Inc. Brief Summary: The objective of this safety and feasibility study is to assess whether the endocardial creation of electrically nonconductive lesions via PEF catheter ablation applied using the FARAPULSE Pulsed Field Ablation System Plus-PersAF is a feasible and safe treatment for PersAF and associated AFL Worldwide epidemiology of atrial fibrillation: a global burden of disease 2010 study. Get the full list, To view Farapulses complete patent history, request access, Youre viewing 1 of 4 executive team members. doi: https://doi.org/10.1161/CIRCULATIONAHA.113.005119. Boston Scientific Announces Expanded Investment and Exclusive Acquisition Option Agreement with Farapulse, Inc. Agreement expands company's access to pulsed field ablation technology, Cardiac News Jun 24, 2021. Farapulse was acquired by Boston Scientific on September 21, 2020 Medical ProductsCompany Out of 60 sectors in the Mergr database, medical productsranked 10in number of deals in 2020. In January, the . This cautionary statement is applicable to all forward-looking statements contained in this document. Unlike thermal methods, FARAPULSE PFA is cardiac tissue-selective since cardiomyocytes have a lower threshold for damage, which addresses the risk of collateral injury to adjacent structures. The acquisition will complement the existing Boston Scientific electrophysiology portfolio to include the FARAPULSE Pulsed Field Ablation (PFA) System - a non-thermal ablation system for the . The financial details of the deal were not disclosed. All trial sites have been identified and more than 100 patients have been enrolled to date in the prospective, randomized trial. MARLBOROUGH, Mass., Sept. 21, 2020 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) today announced it has signed an investment agreement with an exclusive option to acquire Farapulse, Inc., a privately-held company developing a pulsed field ablation (PFA) system for the treatment of atrial fibrillation (AF) and other cardiac arrhythmias. BSXInvestorRelations@bsci.com. Boston Scientific has been an investor in Farapulse since 2014 and currently holds an equity stake of approximately 27 percent. "The emerging field of PFA has the potential to alter the future of ablation therapy and has shown the promise of improvements in both safety of cardiac ablations for patients and efficiency and ease-of-use of these procedures for physicians," said Kenneth Stein, M.D., senior vice president and chief medical officer, Rhythm Management and Global Health Policy, Boston Scientific. The acquisition will complement the existing Boston Scientific electrophysiology portfolio to include the FARAPULSE Pulsed Field Ablation (PFA) System - a non-thermal ablation system for the treatment of atrial . In a year that has seen a flurry of medtech M&A, Boston Scientific has been a top spender. Brain Stimulation, Transcatheter Aortic Valve Replacement The FARAPULSE PFA System is intended to enable physicians to precisely ablate cardiac tissue while minimizing procedural complications, and real-world and clinical evidence from trials throughoutEuropehave demonstrated encouraging, positive results., Boston Scientific has been an investor in Farapulse since 2014 and currently holds an equity stake of approximately 27 percent. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. Menlo Park, Calif.-based Farapulse has developed a pulsed-field. the proportion of subjects that achieve acute procedural success (aps) defined as the percutaneous endocardial creation of a complete, electrically isolating set of lesions around the ostia of the pulmonary veins (pvi) using the farapulse endocardial ablation system during the first procedure, as clinically assessed by entrance and/or exit block *In the U.S., the Farapulseplatform is an investigational device and not available for sale. United States: The strength and breadth of the Boston Scientific team will position this breakthrough technology for success and accelerate progress towards regulatory approval in the USA.. TEL: +44 (0)20 7736 8788 The study is comparing the FARAPULSE PFA System to standard-of-care ablation in patients with paroxysmal or intermittent AF with a primary endpoint of freedom from AF at 12 months after a single ablation procedure. MARLBOROUGH, Mass., Sept. 21, 2020 /PRNewswire/ Boston Scientific Corporation (NYSE: BSX) today announced it has signed an investment agreement with an exclusive option to acquire Farapulse, Inc., a privately-held company developing a pulsed field ablation (PFA) system for the treatment of atrial fibrillation (AF . Laura.Aumann@bsci.com, Lauren Tengler Tissue-selective FARAPULSE PFA has emerged to be one of the most promising energy sources for cardiac ablation, including pulmonary vein isolation to treat Atrial Fibrillation. Boston Scientific has exercised its option to acquire the remaining shares of Farapulse. Pain, Kidney Watch as we highlight the importance of prospective remapping to delineate between acute and chronic lesion durability which the FARAPULSE optimized biphasic cohort demonstrated 96% of PVs isolated . These forward-looking statements include, among other things, statements regarding the financial and business impact of the transaction, product launches and product performance and impact. Boston Scientific Corporation has announced it exercised its option to acquire the remaining shares of Farapulse, Inc. Avenue Therapeutics completes acquisition of Baergic Bio, Inc and with it BAER 101. Terms and Conditions | Privacy Policy. Device, Defibrillators MARLBOROUGH, Mass., June 24, 2021 -- (Healthcare Sales & Marketing Network) -- Boston Scientific Corporation (NYSE: BSX) today announced it exercised its option to acquire the remaining shares of Farapulse, Inc. TEL: +1 949 723 9309 The company also initiated its pivotal IDE trial in the USAthe ADVENT trialin March 2021. Boston Scientific Exercises Option to Acquire Farapulse, Inc. Acquisition complements company's electrophysiology portfolio to include the only commercially available cardiac pulsed field ablation technology Read More FARAPULSE's Pivotal ADVENT Trial underway with First Patients Treated with its Breakthrough Pulsed Field Ablation System to Treat Atrial . These factors, in some cases, have affected and in the future (together with other factors) could affect our ability to implement our business strategy and may cause actual results to differ materially from those contemplated by the statements expressed in this press release. The FARAPULSE ADVENT PIVOTAL Trial PFA System vs SOC Ablation for Paroxysmal Atrial Fibrillation . The company also. As a global medical technology leader for more than 40 years, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare For more information, visitwww.bostonscientific.comand connect onTwitterandFacebook. The acquisition will complement the existing Boston Scientific electrophysiology portfolio to include the FARAPULSE Pulsed Field Ablation (PFA) System a non-thermal ablation system for the treatment of atrial fibrillation (AF) and other cardiac arrhythmias. Acquisition complements company's electrophysiology portfolio to include the only commercially available cardiac pulsed field ablation technology. Clay and Milk Boston Scientific acquires University of Iowa startup Farapulse for $295M. We are encouraged by the positive reception to the commercial launch of the Farapulse PFA system in Europe, which we believe underscores the demand for a simpler way to treat AF, said Allan Zingeler, president and chief executive officer, Farapulse. Recognition, Investor Products, Product We disclaim any intention or obligation to publicly update or revise any forward-looking statements to reflect any change in our expectations or in events, conditions or circumstances on which those expectations may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements. . BIBA Medical, North America The study is comparing the Farapulse PFA System to standard-of-care ablation in patients with paroxysmalor intermittentAF with a primary endpoint of freedom from AF at 12 months after a single ablation procedure. In June 2021, Boston Scientific Corporation exercised its option and acquired remaining shares of Farapulse, Inc., to complement its existing EP portfolio by including FARAPULSE Pulsed Field . Watch as we highlight the importance of prospective remapping to delineate between acute and chronic lesion durability which the FARAPULSE optimized biphasic cohort demonstrated 96% of PVs isolated . the acquisition, product development and product performance and impact. Farapulse develops pulsed-field ablation (PFA) system to treat atrial fibrillation (AF) and other cardiac arrhythmias. Watch as we LinkedIn Boston Scientific Cardiology : Discover the FARAPULSE Pulsed Field Ablation System 8-application | November 3, 2022 Watch as we highlight the importance of . Advertising: Labinot Sherifi [emailprotected], United Kingdom: The emerging field of PFA has the potential to alter the future of ablation therapy and has shown the promise of improvements in both safety of cardiac ablations for patients and efficiency and ease-of-use of these procedures for physicians, said Kenneth Stein, senior vice president and chief medical officer, Rhythm Management and Global Health Policy, Boston Scientific. The acquisition will complement the existing Boston Scientific electrophysiology portfolio to include the FARAPULSE Pulsed Field Ablation (PFA) System - a non-thermal ablation system for the treatment of atrial . CEO Jirair Tashjian FARAPULSE Executive Team & Key Decision Makers 15 During the call between 2007 and 2009, participants in sinus rhythm had a digital 5-min 12-lead ECG recorded. 11 Mar 2021 Reed Miller @MedtechReed reed.miller@informa.com Executive Summary Two pivotal US trials of pulsed field ablation systems began in early March. Coronary, View Farapulse became the first company to commercialise a cardiac PFA technology after receiving CE mark for the FARAPULSE PFA System in Europe in the first quarter of 2021. Sumitovant Biopharma Ltd. in conjunction with parent company Sumitomo Pharma Co., Ltd. and Myovant Sciences announced that they have entered into a definitive agreement pursuant to which Sumitovant will acquire all outstanding shares of Myovant not already owned by Sumitovant for $27.00 per share in cash. The acquisition comes just months after Farapulse got approval from the FDA to launch a US trial to evaluate its Pulsed Field Ablation system, which treats atrial fibrillation. FARAPULSE, Inc. is officially part of Boston Scientific, which adds the FARAPULSE Pulsed Field Ablation (PFA) System to our electrophysiology portfolio. Credit: Boston Scientific. The deal is expected to close in the third quarter of 2021. In September 2020, Boston Scientific announced an expanded investment in FARAPULSE and secured an exclusive option to acquire the Company. BIBA Medical, Europe526 Fulham Road, Fulham, London, SW6 5NR This is a prospective, adaptive, multi-center, randomized safety and effectiveness pivotal study comparing the FARAPULSE Pulsed Field Ablation System with standard of care ablation with force-sensing RF catheters and cryoballoon catheters indicated for the treatment of PAF. Atrial Appendage Closure Device, Remote Patient Monitoring and Johnson & Johnson the worlds largest, most diversified healthcare products company, and Abiomed a world leader in breakthrough heart, lung and kidney support technologies, today announced that they have entered into a definitive agreement under which Johnson & Johnson will acquire through a tender offer all outstanding shares of Abiomed, for an upfront payment of $380.00 per share in cash, corresponding to an enterprise value of approximately $16.6 billion which includes cash acquired. Security, Awards & "The tissue-selective Farapulse PFA technology is a promising energy source for cardiac ablation including pulmonary vein isolation with recent study results demonstrating the effectiveness of the ultra-rapid approach," said Allan Zingeler, president and chief executive officer, Farapulse, Inc. "This next chapter in our collaborative relationship with Boston Scientific will further accelerate our progress towards regulatory approval so we can bring this pioneering system to market.". Stones, Men's Forward-looking statements may be identified by words like "anticipate," "expect," "project," "believe," "plan," "estimate," "intend" and similar words. This cautionary statement is applicable to all forward-looking statements contained in this document. Cautionary Statement Regarding Forward-Looking Statements 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. MARLBOROUGH, Mass., June 24, 2021 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) today announced it exercised its option to acquire the remaining shares of Farapulse, Inc. About Boston Scientific Duis aute irure dolor in reprehenderit in voluptate velit esse cill, lla pariatur. Boston Scientific Pulls Trigger On Farapulse Acquisition - MassDevice www.massdevice.com. Sumitomo Pharma Co.,, Ltd and Sumitovant Biopharma acquire Myovant Sciences. Boston Scientific Corporation (NYSE: BSX) today announced it exercised its option to acquire the remaining shares of Farapulse, Inc. . Discover the FARAPULSE Pulsed Field Ablation System 8-application workflow and explore the clinical data behind it in this breakdown animation. News Jun 24, 2021. We are encouraged by the positive reception to the commercial launch of the FARAPULSE PFA System inEurope, which we believe underscores the demand for a simpler way to treat AF, saidAllan Zingeler, president and chief executive officer, Farapulse, Inc. The strength and breadth of the Boston Scientific team will position this breakthrough technology for success and accelerate progress towards regulatory approval in the U.S.. FARAPULSE, INC. Iowa Approach, Inc. Revenue $1.9 M Employees 10 Founded 2012 Primary Industries Manufacturing Medical Devices & Equipment Retail Vitamins, Supplements & Health Stores Funding History FARAPULSE raised a total of $24.3 M in funding over 3 rounds. Farapulse announced that it has received the CE mark for its pulsed field ablation (PFA) system for the treatment of paroxysmal atrial fibrillation (AF). June 25, 2021updated 29 Jun 2021 8:49am Boston Scientific exercises right to acquire Farapulse for $295m In 2014, Boston Scientific invested in Farapulse and currently holds an equity stake of nearly 27%. FARAPULSE provides tissue-selective PFA therapy through development and commercialization of its dedicated generator (FARASTAR), PVI-focused catheter (FARAWAVE), large-area focal catheter (FARAFLEX), precision focal catheter (FARAPOINT) and a proprietary . +Preceding consideration of current equity ownership, debt and other closing adjustments, the transaction price consists of$450 millionup front, up to$125 millionupon achievement of certain clinical and regulatory milestones as well as additional revenue-based payments through calendar year 2023. Almost one in 200 patients die early after AF ablation in Adagio Medical announces patient enrolment in PARALELL trial, Two decades of development in AF treatment and education, New data underpin drive towards earlier AF ablation strategies, Q-FFICIENCY trial shows promise for temperature-controlled ablation. 155 North Wacker Drive, Suite 4250, Chicago, IL 60606 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. Boston Scientific Corporation (NYSE: BSX) today announced it exercised its option to acquire the remaining shares of Farapulse, Inc.The acquisition will complement the existing Boston Scientific electrophysiology portfolio to include the FARAPULSE Pulsed Field Ablation (PFA) System - a non-thermal ablation system for the treatment of atrial fibrillation (AF) and other cardiac arrhythmias. The company intends to initiate a pivotal IDE trial in the U.S. and is pursuing CE Mark approval in Europe. MARLBOROUGH, Mass., Sept. 21, 2020 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) today announced it has signed an investment agreement with an exclusive option to acquire Farapulse, Inc., a privately-held company developing a pulsed field ablation (PFA) system for the treatment of atrial fibrillation (AF) and other cardiac arrhythmias. Boston Scientific Corporation (NYSE: BSX) today announced it exercised its option to acquire the remaining shares of Farapulse, Inc. Get the full list, Systems, apparatuses, and methods for pre-ablation pulses in pulsed field ablation applications, Contoured electrodes for pulsed electric field ablation, and systems, devices, and methods thereof, Methods, systems, and apparatuses for tracking ablation devices and generating lesion lines, President, Board Member & Chief Executive Officer. Farapulse is a non-thermal ablation system to treat atrial fibrillation (AF) and other cardiac arrhythmias. Featured stories and the latest news on what it takes to advance science for life. On an adjusted basis, the transaction is expected to be slightly dilutive to adjusted earnings per share (EPS) in 2021 and 2022, which Boston Scientific expects to offset via internal cost efficiencies and trade-offs. Forward-looking statements may be identified by words like anticipate, expect, project, believe, plan, estimate, intend and similar words. Type: industry Learning Zones Avenue Therapeutics, Inc., a specialty pharmaceutical company focused on the development and commercialization of therapies for the treatment of central nervous system diseases, announced the closing of the acquisition of Baergic Bio, Inc. pursuant to the previously disclosed Share Contribution Agreement with its parent company, Fortress Biotech, Inc. Media Relations FARAPULSE is a company that is focused on offering a safer, more successful AF ablation therapy based on its ability to selectively and singularly ablate targeted cardiac tissue. This technology is designed for physicians to precisely ablate tissue and, in turn, spare nearby tissue from unintentional ablation. In June 2021, Boston Scientific Corporation exercised its option and acquired remaining shares of Farapulse, Inc., to complement its existing EP portfolio by including FARAPULSE Pulsed Field . As a result, the transaction consists of an upfront payment of approximately US$295 million for the 73% stake not yet owned, up to US$92 million upon achievement of certain clinical and regulatory milestones as well as additional revenue-based payments for the next three years. Resynchronization Therapy (CRT) Devices, Chronic The Farapulse PFA System is intended to enable physicians to precisely ablate cardiac tissue while minimising procedural complications, and real-world and clinical evidence from trials throughout Europe have demonstrated encouraging, positive results.. About Boston Scientific Boston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. All Products, Urology Discover the FARAPULSE Pulsed Field Ablation System 8-application workflow and explore the clinical data behind it in this breakdown animation. Farapulse is pursuing regulatory approval in the U.S. and received FDA Breakthrough Designation for its endocardial ablation system in May 2019 a designation intended to help patients receive more timely access to products that may provide a substantial improvement over existing therapies. Boston Scientific has been an investor in Farapulse since 2014 and currently holds an equity stake of approximately 27%. Website www.farapulse.com Formerly Known As Iowa Approach, New IA Ownership Status Acquired/Merged (Operating Subsidiary) Financing Status Formerly VC-backed Primary Industry Surgical Devices Parent Company Boston Scientific Primary Office 3715 Haven Avenue Suite 110 Menlo Park, CA 94025 United States +1 (650) 000-0000 Take action in addressing health inequities in your community. All of these factors are difficult or impossible to predict accurately and many of them are beyond our control. The technology works by creating a momentary electric field to which heart muscle is uniquely sensitive. Boston Scientific has signed an investment agreement with privately held medical device company Farapulse with an exclusive option for acquisition. As a result, the transaction consists of an upfront payment of approximately $295 million for the 73 percent stake not yet owned, up to $92 million upon achievement of certain clinical and regulatory milestones as well as additional revenue-based payments for the next three years. 2022 PitchBook. Manual Download Boston Scientific Model 6476 - Actionrenew . Email: [emailprotected] (508) 683-4479 The acquisition will complement the existing Boston Scientific electrophysiology portfolio to include the FARAPULSE Pulsed Field . The acquisition will complement the existing Boston Scientific electrophysiology portfolio to include the FARAPULSE Pulsed Field Ablation (PFA) System - a non-thermal ablation system for the treatment of atrial fibrillation (AF) and other cardiac arrhythmias. Win whats next. receiving CE mark for the FARAPULSE PFA System in Europe in the first quarter of 2021, initiated its pivotal IDE trial in the USA, AF screening strategy would save societal costs, Health economic analysis finds benefit to AF screening with Zio XT ambulatory patch, Study of Signal Complexity algorithm for AF detection launched. U.S.: Caution: Investigational Device. Personalize which data points you want to see and create visualizations instantly. The approval will allow the company to commercialise the cardiac PFA system and permits marketing of the system across the European Union and other CE mark geographies. In 2014, Boston Scientific invested in Farapulse and currently owns equity shares of about 27%. The Company's PFA technology will feature prominently in. 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 Factorsin 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 Factorsin Quarterly Reports on Form 10-Q we have filed or will file hereafter. As a result, readers are cautioned not to place undue reliance on any of our forward-looking statements. Boston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. The FARAPULSE PFA System was purposefully built from the ground-up; optimized to deliver a safe & effective electric field for cardiac PFA therapy while offering a simple user experience. Details Scan App, Product CONTACTS: Trish Backes Media Relations (651) 582-5887 Trish.Backes@bsci.com, Susie Lisa, CFA Investor Relations (508) 683-5565 BSXInvestorRelations@bsci.com. Boston Scientific agreed to pay $295 million upfront for the remaining 73% stake in Farapulse, and up to $92 million in milestone-based payments over the next three years. These forward-looking statements include, among other things, statements regarding the financial and business impact of the transaction, product launches and product performance and impact. The acquisition will complement the existing Boston Scientific electrophysiology portfolio to include the FARAPULSE Pulsed Field Ablation (PFA) System - a non-thermal ablation system for the treatment of atrial . Boston Scientific Corporation BSX signed an investment agreement with an exclusive option to acquire Farapulse, Inc, a privately-held company developing a pulsed field . *The Farapulseplatform is an investigational device and not available for sale. a study on Atrial Fibrillation Heart Conditions. 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