Boston Scientific to acquire nVision Medical in $275M deal | Offerings could pull in $15M for Vermillion | Funding round brings in $10M for Intact Vascular
April 16, 2018
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Boston Scientific to acquire nVision Medical in $275M deal
Boston Scientific agreed to pay $150 million in cash plus up to $125 million if clinical and commercial milestones are met over four years for San Bruno, Calif.-based nVision Medical, a startup that offers a balloon for collecting cells from the fallopian tubes to help detect ovarian cancer. Boston Scientific is looking to conduct a 120-patient study for the device, which was already evaluated in three smaller studies.
Forbes (4/16),  Reuters (4/16) 
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Top 5 Medical Device Industry Trends in 2018
Digital device technology continues to move at a fast pace, which means device manufacturers should keep a close watch on emerging trends and be ready to adapt to new ideas and methodologies. This will be especially true for software-enabled products in disposables as well as reusable devices. Download the whitepaper.
Business & Market Trends
Offerings could pull in $15M for Vermillion
Vermillion is looking to raise $15 million in gross proceeds in separate but concurrent offerings of 10 million shares of its common stock and 50,000 shares of its Series B convertible preferred stock. Proceeds, which could reach $16.5 million if the 30-day overallotment option is exercised by the underwriter, will be used as working capital, as well as to support portfolio expansion, sales and marketing and other general corporate functions.
360Dx (tiered subscription model) (4/13) 
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Funding round brings in $10M for Intact Vascular
A mixed round of financing involving three anonymous sources pulled in $10 million for Intact Vascular, an SEC filing showed. The company, which makes the Tack endovascular system, did not disclose how it intends to use the proceeds and is still looking to raise $11.8 million in the round.
MassDevice (Boston) (4/13) 
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Confer Health gets $9.5M boost
A funding round brought in $9.5 million for Boston-based Confer Health, which plans to use the money for developing at-home diagnostic devices that come with a mobile app, a reusable analyzer and interchangeable cartridges. The company is making an at-home device for strep throat detection and is looking to release its Confer Conceive fertility device in 2019.
Drug Delivery Business News (4/13) 
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Illumina enters companion Dx development partnership with BMS
A partnership was reached by Illumina and Bristol-Myers Squibb to create and commercialize companion diagnostics for the pharmaceutical company's pipeline of oncology drugs. A diagnostic version of Illumina's TruSight Oncology 500 that will run on the NextSeq 550Dx is expected to be developed by the companies.
GenomeWeb Daily News (free registration) (4/13) 
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Science & Health
Magnetic nanoparticles can help target cancer treatment
A study at New York University Abu Dhabi is exploring the use of magnetic nanoparticles to deliver drugs directly to cancer cells, reducing side effects. "When the tumor is formed, to increase the concentration for the nanoparticles, a magnet has to be placed near the tumor, and then the magnetic nanoparticles can be guided to the site," explained researcher Ali Trabolsi, assistant professor of chemistry at NYUAD.
Gulf News (United Arab Emirates) (4/13) 
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Emerging Technologies
2 liquid biopsy tests debuted by Qiagen
Two liquid biopsy panels were launched by Qiagen for use in assessing circulating tumor cells isolated from blood samples. The AdnaTest LungCancer kit determines CTCs involved in cancer growth and in a cancer therapy resistance marker called epithelial-mesenchymal transition, while the AdnaTest ProstateCancerPanel kit evaluates resistance to drugs for advanced prostate cancer as it spots the androgen receptor splice variant 7 in CTCs of prostate tumor origin.
Drug Delivery Business News (4/13) 
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Alcon launches microstent system
Alcon launched the CyPass Ultra System for use in streamlining the implantation of the CyPass Micro-Stent for intraocular pressure treatment. The system comes with a preloaded microstent within a loader tip that is connected to the CyPass applier, a hand-held surgical instrument.
Seeking Alpha (free registration) (4/13) 
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Hot Topics
Government & Regulatory
GSP eligibility review of India launched by US Trade Rep
A review of India's Generalized System of Preferences eligibility based on issues surrounding its compliance with the GSP market access criterion was initiated by the US Trade Representative after US industry groups, including AdvaMed, filed petitions for a review of the country's GSP benefits. Representatives from the trade body, who wanted stent price cuts be reviewed by the Indian government, visited the country last week.
The Economic Times (India) (4/13) 
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FDA clears Siemens Healthineers' latest version of Somatom Force CT
The FDA granted Siemens Healthineers clearance for the updated version of its Somatom Force dual-source CT scanner, which now comes with the company's Fully Assisting Scanner Technologies integrated workflow technology. The new device includes the company's iterative metal artifact reduction technique, an upgraded image reconstruction system and the FAST 3D camera, which enables automatic positioning of patients using artificial intelligence and deep learning.
AuntMinnie (free registration) (4/13) 
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AdvaMed Events and Education
11th Annual FDA/AdvaMed Medical Devices And Diagnostics Statistical Issues Conference
May 9-10, 2018 | Washington, D.C.
Join us for the 11th year of the Annual FDA/AdvaMed Medical Devices and Diagnostics Statistics Conference. This annual conference brings together leading authorities from FDA, industry and academia to address statistical topics to include real-world evidence, statistical versus clinical significance, multiple data sources reader studies and agreement. Learn more.
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Start saving with the AdvaMed Purchasing Group
The AdvaMed Purchasing Group is a new member-only benefit that helps companies purchase the very best goods and services from nationally recognized suppliers at the very best cost, using a trusted and proven vetting system and the collective purchasing power of our membership. Participation is free for AdvaMed members, and there are no minimum commitments. Get started today.
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