Boston Scientific to Divest BTG’s Specialty Pharma Business for ~$800M

 Boston Scientific to Divest BTG’s Specialty Pharma Business for ~$800M

Boston Scientific to Divest BTG’s Specialty Pharma Business for ~$800M

Shots:

  • Boston Scientific signs an agreement with Stark International and SERB SAS to sell its BTG specialty pharma business for $800M in cash. The transaction is expected to close in H1’21
  • The agreement includes the transfer of 5 facilities & ~280 employees globally. This transaction will help the BTG specialty pharma business enhance its potential as a fully integrated specialty pharmaceuticals platform
  • Boston Scientific acquired BTG for ~$3.7B in 2019. The divested products include life-saving antidotes used in hospitals & emergency care settings, including CroFab, DigiFab & Voraxaze

Click here ­to­ read full press release/ article | Ref: PRNewswire | Image: Barron’s

Tuba Khan

Tuba Khan is Senior Editor at PharmaShots. She is curious, creative, and passionate about recent updates and innovation in the Life sciences industry. She covers Biopharma, MedTech, and Digital health segments. Tuba also has an experience of digital and social media marketing and runs the campaigns independently. She can be contacted on tuba@pharmashots.com

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