Forward-looking statements may be identified by words like "anticipate," "expect," "project," "believe," "plan," "estimate," "intend" and similar words. 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 Superion System – approved by the U.S. Food and Drug Administration (FDA) in 2015 for patients with moderate degenerative LSS – creates space between the spinous processes of the vertebrae. On a GAAP basis, the transaction is expected to be less accretive, or more dilutive as the case may be, due to amortization expense and acquisition-related net charges. Boston Scientific Acquires Vertiflex for $465 Million Plus Milestones. Forward-looking statements may be identified by words like "anticipate," "expect," "project," "believe," "plan," "estimate," "intend" and similar words. Acquisition of lumbar spinal stenosis treatment to expand portfolio of interventional pain therapies. Vertiflex has raised approximately $160 million in funding from investors including Endeavour Vision, NEA and H.I.G. On a GAAP basis, the transaction is expected to be less accretive, or more dilutive as the case may be, due to amortization expense and acquisition-related net charges. These forward-looking statements include, among other things, statements regarding our business plans, regulatory approvals, the closing of the acquisition, product development and product performance and impact. The acquisition is projected to close late in the second quarter of 2019, subject to customary closing conditions.The Superion System – approved by the U.S. Food and Drug Administration (FDA) in 2015 for patients with moderate degenerative LSS – creates space between the spinous processes of the vertebrae.
As a result, readers are cautioned not to place undue reliance on any of our forward-looking statements.Cautionary Statement Regarding Forward-Looking StatementsThe transaction is expected to be immaterial to adjusted earnings per share in 2019 and 2020, and accretive thereafter. Acquisition of lumbar spinal stenosis treatment to expand portfolio of interventional pain therapies. If our underlying assumptions turn out to be incorrect, or if certain risks or uncertainties materialize, actual results could vary materially from the expectations and projections expressed or implied by our forward-looking statements.
Boston Scientific has moved to acquire Vertiflex, maker of a minimally invasive vertebrae spacer for treating lumbar stenosis, for $465 million upfront plus three years of milestone payments. Carlsbad-based Vertiflex makes a minimally invasive vertebrae spacer for treating lumbar stenosis, a narrowing of the spinal canal. MARLBOROUGH, Mass., May 9, 2019 /PRNewswire/ — Boston Scientific (NYSE: BSX) today announced that it has entered into a definitive agreement to acquire Vertiflex, Inc., a privately-held company which has developed and commercialized the Superion® Indirect Decompression System, a minimally-invasive device used to improve physical function and reduce pain in patients with lumbar … 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. © 1985 - 2020 BioSpace.com.
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. The creation of this space reduces pressure on the nerves and can thereby improve patient mobility and relieve pain, numbness and cramping in the legs. According to FierceBiotech, Boston … Vertiflex is a privately-held company, which developed and commercialized Superion indirect decompression system. The acquisition is projected to close late in the second quarter of 2019, subject to customary closing conditions.Cautionary Statement Regarding Forward-Looking Statements Superion is a minimally-invasive device developed to improve physical function and decrease pain in patients with lumbar spinal stenosis (LSS), the narrowing of the spinal canal resulting in compression of nearby nerves.
The creation of this space reduces pressure on the nerves and can thereby improve patient mobility and relieve pain, numbness and cramping in the legs. Photo: courtesy of Boston Scientific Corporation.
All rights reserved. Affecting an estimated six million people, the degenerative condition compresses nerves, leading to lower back and leg pain and numbness and trouble walking. This procedure is a treatment option for patients who have not responded positively to first-line therapies, such as oral pain medication and steroid injections, but do not have severe enough symptoms to require spinal fusion or laminectomy. MARLBOROUGH, Mass., May 9, 2019 /PRNewswire/ -- Boston Scientific (NYSE: BSX) today announced that it has entered into a definitive agreement to acquire Vertiflex, Inc., a …
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