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Updated: Boston Scientific Buys Axonics For $3.4BN; Adds Neuromodulation To Incontinence Lineup

 
• By Reed Miller

Analysts support Boston Scientific's plan to buy Axonics for $3.4bn in cash. The deal is expensive, but gives Boston Scientific a strong position in the fast-growing sacral neuromodulation (SNM) therapy market and boosts its existing portfolio of products for incontinence.

Sep 16, 2019 Fremont / CA / USA - Boston Scientific office buildings in Silicon Valley; Boston Scientific Corporation is a manufacturer of medical devices used in interventional medical specialties
• Source: Shutterstock

[Editor's Note:Due to the merger with Boston Scientific, Axonics will no longer be participating in the J.P. Morgan Health Care conference as previously announced. This article was updated to include comments from the company's communication to its employees following the deal's announcement. ]

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