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Boston Scientific Divests Specialty Pharma Business

 
• By Reed Miller

The $800m sale of BTG Specialty Pharmaceuticals business to SERB leaves Boston Scientific with BTG’s successful interventional oncology and vascular products.

Group of paper plane in one direction and with one individual pointing in the different way
• Source: shutterstock.com

Boston Scientific will sell its BTG Specialty Pharmaceuticals business for $800m in cash to SERB, a Brussels-based specialty pharmaceuticals company, the companies announced on 1 December.

The deal, worth about four times the business’s annual revenue, will close in the first half of 2021, subject to customary regulatory approvals and other closing conditions.

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