Remon Medical Technologies

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Boston Scientific said it agreed to acquire Remon Medical Technologies, a move that will let the medical device giant compete in the emerging wireless implant device market.

Remon, a privately-held company based in Caesarea, Israel, is working on an implant that can predict when a patient is on the verge of having a congestive heart failure episode. The implant would monitor blood flow through an artery and send a wireless signal to a hand-held receiver. More than 5 million people in the United States are afflicted with congestive heart failure, a condition that deprives the heart of oxygen and slows the heart rate.