Originally Published MX July/August 2005
BUSINESS NEWS
Boston Scientific and Aspect Medical Form Brain-Monitoring Alliance |
| Chamoun |
Aspect Medical Systems Inc. (Newton, MA) and Boston Scientific Corp. (Natick, MA) have announced the formation of a strategic alliance to advance the development of brain-monitoring technology for diagnosing and treating depression, Alzheimer's disease, and other neurological disorders. Under the terms of the agreement, Boston Scientific will provide Aspect Medical with $25 million to fund the research and development activities.
Aspect Medical is a market leader in brain- monitoring technology. The company reports that its Bispectral Index, or BIS, technology was "the first clinically proven and commercially available direct measure of the effects of anesthetics and sedatives on the brain."
Aspect president and CEO Nassib Chamoun said the alliance "represents an exciting opportunity to accelerate the pace of Aspect's neuroscience research program."
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