News

Boston Scientific Corporation sells its BTG Specialty Pharmaceuticals business to SERB SA.

Read time: 1 mins

Published:2nd Dec 2020

Boston Scientific Corporation announced that it has entered into a definitive agreement with Stark International Lux S.A.R.L., and SERB SAS, affiliates of SERB, a European specialty pharmaceutical group, to sell its BTG Specialty Pharmaceuticals business for $800 million in cash. SERB, backed by private equity firm Charterhouse Capital Partners since 2017, owns a diversified portfolio of prescription medicines focused on rare and life-threatening diseases.The BTG Specialty Pharmaceuticals business develops, manufactures and commercializes life-saving antidotes used in hospitals and emergency care settings, including the clinically proven and leading products CroFab, DigiFab, and Voraxaze. Boston is retaining the other parts of BTG’s portfolio, including liver and kidney cancer treatments.

Condition: Antidote

Type: drug

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