info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Boston Scientific Entered into an Agreement to Acquire Apollo Endosurgery, Inc.

By Rahul Gotadki , 06 December, 2022

Boston Scientific revealed to enter into a definitive agreement to acquire Apollo Endosurgery, Inc. by paying USD 10 per share in cash, signifying the company's valuation to be around USD 615 million. The recent De Novo clearance from FDA for treating bariatric and other procedures and extensive product pipeline for the endoscopy segment pursued Boston Scientific to add Apollo Endosurgery's commodity to their product portfolio. The company's acquisition is aimed at strengthening the endoscopy bariatric business of Boston Scientific.

The emerging demand for endoluminal surgery (ELS) and the high success rate of the endoscopy procedure created intent for the acquisition of Apollo Endosurgery. Also, Boston Scientific planned to expand its expertise in the ELS domain using Apollo Endosurgery's unique, innovative measures. Moreover, the acquisition enabled the organization to expand its expertise in a new adjacent market (endobariatric industry) and is anticipated to deliver robust and prolonged market growth in the projected period.

The growth in Apollo Endosurgery's endoscopic suturing system franchise comprises the X-Tack Endoscopic HeliX Tracking System, OverStitch Sx Endoscopic Suturing System, and OverStitch Endoscopic Suturing System. They are likely to record net sales of nearly USD 76 million by the end of the year (2022). Therefore, these aspects strengthen the business outlook and create a favorable trade environment for Boston Scientific.

A major factor expected to benefit Boston Scientific is the De Novo clearance of Apollo Endosurgery's Apollo ESG and Apollo Revise series systems. These FDA-authorized devices will be used to conduct endoscopic bariatric revision and endoscopic sleeve gastroplasty procedures. The approval of the systems is likely to support the organization's sales and help the company hold a significant share of the bariatric surgery market. Moreover, Boston Scientific anticipates settling the payment in the first two quarters of 2023 while looking at future economic and demographic trends and regulatory conditions.

Average Weight Loss-Gastric Sleeve, RNY Gastric Bypass, Lap Band to Sleeve

.jpg

Latest News

2050.png
Big Tech Backs Nuclear Expansion: Pledges to Triple Global Capacity by 2050

Leading technology giants Amazon, Google, and Meta have teamed up with other big energy users in a historic action at the CERAWeek 2025 energy conference in Houston to promote an ambitious initiative: doubling world nuclear power capacity by 2025…

Read More

Shifts.png
China’s Refining Industry Sees 2.1% Growth in Early 2025 Amid Rising Fuel Demand and Geopolitical Shifts

China's refining sector showed resilience and adaptability in the first months of 2025, raising crude oil throughput by 2.1 percent over the year before. According to the National Bureau of Statistics, this increase resulted in a processing volume of…

Read More

2025.png
Elsevier Unveils ScienceDirect AI in 2025 to Revolutionize Research Efficiency

In March 2025, Elsevier launched ScienceDirect AI, a world-renowned leader in science and health information science. This state-of-the-art generative AI tool can potentially transform the industry with its revolutionary advances in research. This…

Read More

Drop.png
EV Revolution: Battery Prices Drop Below USD 100/kWh Amid China's Dominance of the Market in 2025

The global electric vehicle (EV) industry has reached a pivotal milestone. The average price of lithium-ion battery packs has dropped below the USD 100 per kilowatt-hour (kWh) threshold, a benchmark long considered critical for achieving price parity…

Read More

2025.png
China Accelerates Push for Domestic EV Chips Amid Global Trade Tensions in 2025

In 2025, China will focus on self-sufficiency in high-tech industries by further integrating domestically produced semiconductor chips into the country\'s electric vehicle (EV) industry. By doing so, China aims to reduce reliance on foreign…

Read More

Author Pic
Rahul Gotadki

Assistant Manager