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Boston Scientific Corp. (BSX) is a leading global medical technology company that specializes in the development, manufacture, and marketing of medical devices for interventional medical procedures. The company's operations are divided into two main segments: MedSurg and Cardiovascular. With a focus on less invasive medical devices, Boston Scientific's products are designed for insertion into the human body through small openings or cuts, making them essential in various medical fields.
The company's product portfolio includes devices for angioplasty, blood clot filtration, kidney stone management, cardiac rhythm management, catheter-directed ultrasound imaging, upper gastrointestinal tract diagnostics, interventional oncology, neuromodulation for chronic pain, and the treatment of incontinence. Boston Scientific markets its innovative solutions to healthcare professionals and institutions worldwide, with nearly half of its total sales coming from foreign markets.
Recently, the company made headlines with a successful public offering of €2,000,000,000 in aggregate principal amount of notes. These funds are intended to finance the acquisition of Axonics, Inc. and to repay existing debt, showcasing Boston Scientific's strategic financial management.
Significant advancements include the FDA approval for the AGENT™ Drug-Coated Balloon (DCB), aimed at treating coronary in-stent restenosis in patients with coronary artery disease. This novel device marks the first drug-coated coronary balloon available in the U.S., providing a dedicated treatment option for this challenging condition.
Boston Scientific is also expanding its strategic cooperation with Scivita Medical Technology Co., Ltd., focusing on the development and global distribution of endoscopic devices. This collaboration underscores the company's commitment to advancing medical technologies that enhance patient care.
On the financial front, Boston Scientific reported net sales of $3.856 billion for the first quarter of 2024, a 13.8% increase from the previous year. The company's diverse portfolio and robust pipeline, including the recent launch of the FARAPULSE™ Pulsed Field Ablation System, have been key drivers of this growth.
Looking ahead, Boston Scientific is actively involved in clinical trials such as the NAVIGATE-PF study for the FARAWAVE™ Nav Pulsed Field Ablation Catheter and the MODULAR ATP trial for the mCRM™ System. These trials aim to further improve patient outcomes and expand the company's product offerings.
As a global leader in medical technology, Boston Scientific remains committed to transforming lives through innovative solutions that address unmet patient needs and reduce healthcare costs. Stay updated with the latest developments by visiting their website and connecting on LinkedIn and X, formerly Twitter.
Boston Scientific Corporation (BSX) has priced a public offering of €3.0 billion in senior notes with various maturity dates from 2025 to 2034. The offering includes €1 billion of 0.750% notes due 2025 and additional notes due in later years with yields ranging from 1.375% to 1.875%. Proceeds will fund a $2.5 billion tender offer for existing senior notes and cover redemptions and associated costs. The offering is expected to close on March 8, 2022, subject to customary conditions.
Boston Scientific Corporation (BSX) has initiated a cash tender offer for up to $2.5 billion of its outstanding senior notes, as of March 2, 2022. The offer encompasses several series of notes with different maturity dates and acceptance prioritization. Tendering is open until March 29, 2022, with early tender benefits available until March 15, 2022. The company may redeem unpurchased notes subsequently. Barclays Capital, BofA Securities, and Citigroup Global Markets are managing the offer.
Boston Scientific announced promising results from the SURPASS analysis, evaluating real-world outcomes of the WATCHMAN FLX™ LAAC Device, at the CRT 2022 meeting. The study included over 16,000 patients with non-valvular atrial fibrillation. Key findings showed a low major adverse event rate of 0.37% at seven days post-implant, and only 0.28% of patients experienced ischemic stroke within 45 days. The device was successfully implanted in 97.6% of cases. Ongoing data collection through 2024 will further evaluate long-term outcomes.
Boston Scientific Corporation (BSX) has finalized its acquisition of Baylis Medical Company for $1.75 billion. This strategic move aims to enhance BSX's position in the growing cardiology market by integrating Baylis's advanced access solutions with BSX's existing electrophysiology and structural heart offerings. The acquisition is expected to be accretive to adjusted earnings per share starting in 2022, with potential for increased accretion subsequently. However, GAAP earnings may initially reflect dilution due to related expenses.
Boston Scientific Corporation (NYSE: BSX) will participate in SVB Leerink's 11th Annual Global Healthcare Conference on February 17, 2022. Executives Dan Brennan and Lauren Tengler will engage in a 30-minute Q&A session at approximately 9:20 a.m. EST. A live webcast will be accessible on the company's Investor Relations webpage. A replay will be available about an hour after the event's conclusion. Boston Scientific is a leader in medical technology, continually advancing healthcare solutions.
Boston Scientific reported Q4 2021 net sales of $3.127 billion, up 15.4% year-over-year, exceeding guidance. The net income was $80 million or $0.06 per share, down from $196 million or $0.14 per share a year ago. Adjusted EPS rose to $0.45 from $0.23. For FY 2021, total net sales reached $11.888 billion, up 19.9%, with a net income of $985 million ($0.69 per share). The company initiated the MODULAR ATP clinical trial and secured a 75% payment increase for Rezūm™ Water Vapor Therapy. Guidance for 2022 estimates sales growth of 6-8%.
Boston Scientific Corporation (NYSE: BSX) will present significant findings at the 25th North American Neuromodulation Society annual meeting in Orlando, Florida, from Jan. 13-15, 2022. Key highlights include a late-breaking presentation on the COMBO study, demonstrating the effectiveness of the WaveWriter™ Spinal Cord Stimulator System over two years. Additionally, updates on collaborations with IBM Research will showcase innovative AI-driven approaches to assess patient pain states.
Over 20 abstracts will be presented, emphasizing Boston Scientific's commitment to personalized chronic pain therapies.
Boston Scientific Corporation (NYSE: BSX) will participate in the 40th Annual J.P. Morgan Healthcare Conference on January 12, 2022, at 8:15 a.m. EST. CEO Mike Mahoney, CFO Dan Brennan, and VP Lauren Tengler will present and engage in Q&A. Additionally, a conference call to discuss the fourth quarter financial results for 2021 will be held on February 2, 2022, at 8:00 a.m. EST. The financial results will be announced prior to the call. Both events will be accessible via webcast at investors.bostonscientific.com.
Boston Scientific (BSX) has launched the MODULAR ATP clinical trial to assess the safety and efficacy of its mCRM™ Modular Therapy System, integrating the EMBLEM™ MRI Subcutaneous Implantable Defibrillator and the EMPOWER™ Modular Pacing System. This trial will enroll up to 300 patients across 50 centers in the U.S., Canada, and Europe to evaluate the system's complication-free rates, communication success, and pacing thresholds. The S-ICD is shown to prevent sudden cardiac death and has been successfully used in over 100,000 patients, enhancing patient care while minimizing invasive procedures.
Boston Scientific Corporation (NYSE: BSX) will participate in two key investor conferences. On November 15, 2021, CFO Dan Brennan and VP of Investor Relations Lauren Tengler will host a 30-minute Q&A at the virtual 2021 Stifel Healthcare Conference starting at 8:00 a.m. EST. Following this, on December 1, 2021, Dave Pierce, Brian Dunkin, and Lauren Tengler will conduct a 45-minute Q&A at the 2021 Evercore ISI HealthCONx Conference, also beginning at 8:00 a.m. EST.
Live webcasts and replays will be available at investors.bostonscientific.com.
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