Volcano Acquires Last Piece Of Jomed, Will Raise Capital To Cover Deal
This article was originally published in The Gray Sheet
Executive Summary
Volcano Therapeutics will add its Virtual Histology imaging software to the 1,200 installed U.S. Jomed intravascular ultrasound imaging systems following the acquisition of Jomed's IVUS and functional measurement instrument business
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Financings In Brief
NitroMed stent investment: Boston Scientific extends R&D collaboration with pharmaceutical firm through 2005 to develop nitric oxide elution compounds that can be used on vascular stents to "complement" Taxus line. The agreement, which expands the firms' original 2001 deal, consists of a $3 mil. up-front payment, adding to the $4 mil. equity investment and $1.5 mil. R&D payments already made by Boston Scientific. NitroMed also will receive milestone payments for development and commercialization targets, as well as royalties if a product is brought to market. Over the past year, Boston Scientific also has invested in Rubicon Medical, 3F Therapeutics and Innovia...
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