December 2, 2016 / 1:22 PM / in a year

BUZZ-Canada's Neovasc surges on deal with Boston Scientific

** Canadian medical device maker’s U.S.-listed shares surge about 90 pct to $0.98 premarket

** Boston Scientific to buy Neovasc’s tissue processing technology and facility for $67.9 mln

** Boston Scientific to also buy a 15 pct stake in Neovasc at $0.60/shr, for total proceeds of $7.1 mln

** Neovasc’s U.S. stock closed at $0.51 Thursday, valuing the company at little over $34 mln

** Stock has had a roller-coaster ride this year, from peaking at $4.94 in mid-Jan to slumping nearly 93 pct to $0.37 on May 20 (RM:AnetJosline.Pinto.thomsonreuters.com@reuters.net)

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