NATICK, Mass. — Boston Scientific Corp. announced Thursday it has made an equity investment in West Valley-based Precision Vascular Systems Inc., a privately held company that develops, manufactures and sells interventional radiology products.
In addition to the equity investment, Boston Scientific has obtained exclusive worldwide rights to distribute all of Precision Vascular's products and has secured an exclusive option to acquire the company.
Precision Vascular has developed a line of guidewires and microcatheters for accessing brain aneurysms, tumors and other blood vessel lesions of the brain. Boston Scientific's Target division expects to begin distribution of the guidewires early in the fourth quarter of this year.
Boston Scientific is a worldwide developer, manufacturer and marketer of medical devices.