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Boston Scientific has agreed to acquire NxThera, a privately-held company based in Maple Grove, MN for $306 million upfront and an additional $100 million in potential commercial milestone payments over the next four years. The transaction gives Boston Scientific the Rez?m, a treatment system for men with symptoms arising from benign prostatic hyperplasia.

Cipher Pharmaceuticals has agreed to acquire Cardiome Pharma’s Canadian business portfolio of Cardiome. The transaction will give Cipher access to commercial and pipeline hospital products administered in the acute care setting, including Brinavess (vernakalant IV), Aggrastat (tirofiban hydrochloride), Xydalba (dalbavancin hydrochloride), and Trevyent (treprostinil).

GlaxoSmithKline is backing away from any bid to acquire Pfizer’s consumer health business, which is valued between $15 and $20 billion. The British pharma giant’s announcement followed a similar announcement from potential suitor Reckitt Benckiser Group.

 

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