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Boston Scientific Scores March M&A Double Whammy With NxThera

 
• By Tina Tan

In its second acquisition deal this month, Boston Scientific has agreed to pay up to $406m for NxThera, maker of the Rezῡm system for treating benign prostatic hyperplasia.

Boston Scientific Corp. is bulking up its urology portfolio with the addition of NxThera Inc., a developer of the Rezῡm water vapor therapy system for benign prostatic hyperplasia (BPH), or enlarged prostate. Boston Scientific already holds a minority investment in the privately held Minnesota company, and has agreed to buy the firm outright for $306m upfront. The deal also includes additional commercial milestone payments of up to $100m over the next four years.

Boston Scientific had made its first investment in NxThera in December 2015, leading a $40m round, and the two companies forged another connection when Boston Scientific acquired American Medical Systems'...

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