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Boston Scientific Invests In Urology With $600M Augmenix Acquisition

 
• By Reed Miller

Augmenix is the privately-held developer of SpaceOAR, an injected hydrogel spacer that is indicated for reducing collateral damage from radiation treatment for prostate cancer. It addresses a market worth about $750m, with total sales expected to reach $90m in 2019.

MT1809_M-A Merger
• Source: shutterstock.com

Boston Scientific Corp. is building out its urology portfolio with the addition of Augmenix Inc., developer of the SpaceOAR bioabsorbable hydrogel spacer for reducing side-effects of prostate cancer radiotherapy.

The companies announced Sept. 6 that Boston Scientific will pay $500m upfront and up to $100m in sales-based milestones for Bedford, Massachusetts-based Augmenix. The transaction, set to close early in...

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