BTG Limited is an international specialist healthcare company that is developing and commercialising products targeting critical care, cancer and other disorders. The current name was adopted when the British Technology Group changed its name on 27 May 1998.[2] BTG was a constituent of the FTSE 250 Index until it was acquired by Boston Scientific in August 2019.
History
In 1948, the National Research Development Corporation was formed with the purpose of commercialising innovations that arose from public funded research.[3] This was complemented, in November 1975, by the establishment of the National Enterprise Board to implement the then-Government's policy of moving public sector industry into commercial private enterprise.[4]
These two organisations were merged by the Government in 1981 to form a new, non-statutory body called the British Technology Group.[5]