Boston Scientific signs pacts with Precision Vascular

Sept. 20, 2002 — Boston Scientific Corp. signed deals with Precision Vascular Systems Inc. on investment, distribution and possible purchase of the Utah-based maker of medical microsystems.

Boston Scientific said Thursday it made an undisclosed equity investment in Precision Vascular, obtained exclusive rights to distribute its products and secured an exclusive option to acquire the company, whose microfabricated guidewires and microcatheters are designed to access brain aneurysms, tumors and other blood vessel lesions of the brain.

Boston Scientific, a medical device maker, said its Target division expects to begin distributing Precision’s guidewires by year’s end. Boston’s stock closed Thursday at $29.06, up from $28.93.

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