Boston Scientific is to shut its Galil Medical subsidiary in Yokne’am and switch its exercise to a central manufacturing website in Eire, “Globes” has realized. The transfer will happen steadily, ending in 2027-2028. Based on estimates that haven’t been confirmed by the corporate, the Yokne’am website employs about 100 folks.
In response to an enquiry from “Globes”, a spokesperson for Boston Scientific stated, “We’re transferring the manufacturing exercise that takes place on the Galil Medical website in Yokne’am , which helps our portfolio of options in interventional oncology cryoablation, to the Boston Scientific website in Galway, Eire. This gradual change will assist us to satisfy the anticipated demand for the merchandise.
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“We now have notified the staff of the intention of steadily transferring this work in December 2025, and count on the switch to be accomplished by early 2028. We see the staff who will likely be affected by this resolution as the best precedence. They’ve obtained notification of the change, and can obtain a chance to submit candidacy for vacant positions in Boston Scientific and help within the switch course of.
“The corporate has a flourishing laser improvement and manufacturing middle in Israel (acquired from Lumenis in 2021 for $1.1 billion – G.W.), and it acknowledges the added worth that the enterprise atmosphere in Israel contributes to it. The corporate will proceed to function, make investments, and be current in Israel.”
Moreover the laser exercise purchased from Lumenis, earlier this yr Boston Scientific purchased SoniVie, developer of a tool for treating hypertension, for $360 million. It’s invested in a number of further medical gadget corporations in Israel.
Galil Medical, one of many oldest established medical gadget corporations nonetheless energetic in Israel, produces gadgets for freezing cancerous growths. It has undergone ups and downs through the years and handed although a number of ownerships. Boston Scientific turned the proprietor of the corporate in 2019 when it purchased a medical gadget firm referred to as BTG, which targeted on oncology and emergency medication. BTG had purchased Galil Medical in 2016 for $110 million.
Galil Medical was based in 1997 on the idea of know-how developed at protection firm Rafael Superior Protection Programs. When it set out, it was one in every of Israel’s most distinguished medical gadget corporations. It developed a medical gadget designed to burn tissue in a micro-invasive freezing process. The primary software was for prostate most cancers. The tactic concerned inserting a needle into the prostate gland and injecting fuel into it ensuing within the formation of an ice ball on the finish of it that may freeze solely the cancerous tissue.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on December 11, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
