December 13, 2016 / 1:24 PM / a year ago

BRIEF-Neovasc and Boston Scientific closes $75 million agreement

Dec 13 (Reuters) - Neovasc Inc -

* On Dec 12, U.S. District court for district of Massachusetts held hearing in connection with co’s litigation against cardiaq

* Court denied cardiaq’s motion for temporary restraining order to prevent deal between neovasc and boston scientific corporation from closing

* Court also indicated a willingness to stay enforcement of judgment against neovasc pending appeal

* Stay enforcement subject to neovasc posting a partial bond in amount of US$70 million Source text: Further company coverage:

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