FTC imposes conditions for Boston Scientific buy of BTG
As a result of conditions imposed by the US Federal Trade Commission regarding Boston Scientific’s (NYSE: BSX) proposed $4.2 billion acquisition of UK-based BTG (LSE: BTG) announced last November, which would violate federal antitrust law, the US medical device maker has agreed to divest certain assets to Varian Medical Systems.
The FTC alleges that, as proposed, Boston Scientific’s acquisition of BTG would harm consumers in the US market for drug eluting beads, or DEBs, which are microscopic beads used to treat certain liver cancers. Interventional radiologists use DEBs, combined with chemotherapy drugs, in a procedure called transarterial chemoembolization.
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