REG - RTW Biotech Opp. - Boston Scientific to acquire Penumbra

RTW Biotech OpportunitiesAnnouncement

16/01/2026 07:02

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RNS Number : 1307P  RTW Biotech Opportunities Ltd  16 January 2026

LEI: 549300Q7EXQQH6KF7Z84

16 January 2026

RTW Biotech Opportunities Ltd

Boston Scientific to acquire Penumbra

·      Cash and stock transaction values Penumbra at approximately $14.5
billion

·      Acquisition price of $374 per share represents a 19.3% premium to
closing share price on 14 January

·      As at 31 December 2025, Penumbra represented 1.0% of the
Company's NAV

 

RTW Biotech Opportunities Ltd ("the Company"), the London Stock
Exchange-listed investment company focused on identifying transformative
assets with high growth potential across the life sciences sector, is pleased
to the note the announcement by Boston Scientific Corporation ("Boston
Scientific" NYSE: BSX) that it has entered into a definitive agreement to
acquire public portfolio company Penumbra, Inc. ("Penumbra" NYSE: PEN).

Penumbra develops devices to treat cardiovascular diseases such as ischemic
stroke, venous thromboembolism such as pulmonary embolism, and acute limb
ischemia. Its portfolio focuses on removing blood clots with speed, safety and
simplicity.

Penumbra shareholders can elect to receive $374 in cash or 3.8721 shares of
Boston Scientific common stock, with the total consideration approximately 73%
cash and 27% common stock. The transaction values Penumbra at $14.5 billion
and is expected to be completed in 2026. The acquisition price represents a
19.3% premium to Penumbra's closing share price on 14 January, prior to the
announcement. As at 31 December 2025, Penumbra represented 1.0% of the
Company's NAV.

 

Rod Wong, CIO of RTW Investments, said, "We are delighted to have the first
biotech IPO of the year in Aktis and now the first big M&A deal of 2026
for Penumbra. This deal shows the high level of activity in our portfolio,
underscores the value being placed on differentiated technologies addressing
critical unmet needs, and reflects broader momentum returning to biotech and
medtech deal-making. Thoughtful consolidation, backed by strong science and
robust clinical utility, will continue to create value for shareholders and
drive long-term advances in patient care."

 

The announcement can be found here
(https://news.bostonscientific.com/2026-01-15-Boston-Scientific-announces-agreement-to-acquire-Penumbra,-Inc)
.

 

Enquiries:

 RTW Investments, LP - Investment Manager  +44 (0)20 7959 6362

 Oliver Kenyon                             biotechopportunities@rtwfunds.com

 Krisha McCune (Investor Relations)

 Cadarn Capital - PR & IR Partner

 Lucy Clark (PR)                           +44 (0)7984 184 461 / lucy@cadarncapital.com

 David Harris (Distribution)               +44 (0)7368 883 211 / david@cadarncapital.com

 Deutsche Numis - Joint Corporate Broker   +44 (0)20 7260 1000

 Freddie Barnfield

 Nathan Brown

 Duncan Monteith

 BofA Securities - Joint Corporate Broker  +44 (0)20 7628 1000

 Edward Peel

 Alex Penney

 Altum (Guernsey) Limited                  +44 (0)1481 703 100

 Joanna Duquemin Nicolle

 Sadie Morrison

 

About RTW Biotech Opportunities Ltd:

RTW Biotech Opportunities Ltd (LSE: RTW) is an investment fund focused on
identifying transformative assets with high growth potential across the
biopharmaceutical and medical technology sectors. Driven by a long-term
approach to support innovative businesses, RTW Biotech Opportunities Ltd
invests in companies developing next-generation therapies and technologies
that can significantly improve patients' lives. RTW Biotech Opportunities Ltd
is managed by RTW Investments, LP, a leading healthcare-focused
entrepreneurial investment firm with deep scientific expertise and a strong
track record of supporting companies developing life-changing therapies.

Visit the website at www.rtwfunds.com/rtw-biotech-opportunities-ltd
(https://www.rtwfunds.com/rtw-biotech-opportunities-ltd/)  for more
information.

 

***********

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