MASSDEVICE ON CALL — Massachusetts medical device giant Boston Scientific (NYSE:BSX) handed an unrestricted, 3-year $600,000 grant to the American Gastroenterological Assn. in support of ongoing research in GI technology research and education, the AGA announced yesterday.
The money will help fund 3 "high priority" areas of initiatives, including development of new technology, identification of unmet needs and formation of round-table discussions among leaders from clinical care and manufacturing, according to an AGA press release.
"The AGA, like Boston Scientific, has an unwavering commitment to critical research and education aimed at advancing science and patient care," Boston Scientific endoscopy president and senior vice president David Pierce said in prepared remarks. "We are a proud supporter of conferences like Digestive Disease Week and the annual AGA Technology Summit, and we are looking forward to expanding our relationship with the AGA to support gastroenterologist in an effort to improve patient outcomes and innovations in the field through digestive disease research."
Boston Scientific has been making strides and currying Wall Street favor over the past year, most recently with new clinical trial results showing the safety and efficacy of the company’s Alair bronchial thermoplasty system. BSX shares last week hit a new 4-year high of $11.67 apiece after the company released the results.
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