Ajax Health, a KKR (KKR)-backed medical device platform, announced the formation of a new entity, FlowMod. The new organization is the result of a collaboration between Boston Scientific (BSX), Ajax Health, and KKR, utilizing intellectual property developed by Boston Scientific. FlowMod intends to accelerate the creation, clinical validation, and regulatory approval for a system treating heart failure, a condition that affects pumping action of the heart muscles and currently impacts 64M people worldwide
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