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Boston Scientific invests in Intelect, gets DBS rights

Executive Summary

Boston Scientific has received a co-exclusive license to neuromodulation company Intelect Medical's Dimension software technology. Along with fellow Series B investor Greatbatch, Boston Scientific has also agreed to buy $11-13.5mm in Intelect common stock, and the two companies may buy additional equity in the future. (This financing for Intelect is considered a Series B extension.)
Deal Industry
  • Medical Devices
    • Implantable Devices
Deal Status
  • Final
Deal Type
  • Alliance
    • R+D and Marketing-Licensing
    • Includes Equity

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