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Boston Scientific and Blackstone Life Sciences will share $455 million to help develop the Vitalyst heart pump.

DealRead the original at morningstar.com
Good for BSX

Boston Scientific secured $455 million in shared funding to develop its Vitalyst heart pump. The device's expected benefits have not been shown yet, but the new development funding makes this favorable for the company.

BSX · Boston Scientific

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The funding gives Boston Scientific a partner to help move Vitalyst through development. The device is still being developed, so its expected safety and effectiveness gains have not been shown. The funding support is the clearest change for the company.

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