Welcome to our dedicated page for Boston Scientific news (Ticker: BSX), a resource for investors and traders seeking the latest updates and insights on Boston Scientific stock.
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 (NYSE: BSX) reported Q3 2021 net sales of $2.932 billion, a growth of 10.3% year-over-year. GAAP net income reached $405 million or $0.28 per share, compared to a loss of $169 million last year. Adjusted EPS improved to $0.41 from $0.37. Significant sales growth occurred across all segments, especially Cardiovascular, which rose 19.4%. Despite COVID-19 challenges impacting performance, the company anticipates full-year net sales growth of 19-20% and Q4 growth of 13-17%.
Boston Scientific Corporation (NYSE: BSX) announced positive results for the Eluvia Drug-Eluting Vascular Stent System during the VIVA meeting in Las Vegas on October 6, 2021. The EMINENT trial revealed a primary patency rate of 85.4% for the Eluvia stent, significantly higher than the 76.3% for bare metal stents (p=0.0077). The study enrolled 775 patients, marking it as the largest randomized trial for drug-eluting stents in peripheral artery disease (PAD). Clinical improvement without reintervention was 83.0% for the Eluvia stent compared to 76.6% for bare metal stents (p=0.0450).
Boston Scientific Corporation (NYSE: BSX) has announced a definitive agreement to acquire Baylis Medical Company for an upfront payment of $1.75 billion. This acquisition aims to enhance its electrophysiology and structural heart product lines by including advanced transseptal platforms that improve safety and efficiency for left heart procedures. Baylis is projected to generate $200 million in net sales in 2022, marking five years of double-digit growth. The deal is expected to close in Q1 2022, and is anticipated to be accretive to adjusted earnings per share.
Boston Scientific (NYSE: BSX) announced positive findings for its EkoSonic™ Endovascular System at the Vascular InterVentional Advances (VIVA) meeting in Las Vegas. The KNOCOUT PE registry, which studied 489 patients across 83 centers, demonstrated the system's safety and efficacy in treating pulmonary embolism (PE) with a lower drug dose and shorter infusion duration. Notably, no intracerebral hemorrhagic events occurred, and the major bleeding rate was just 2.5%. The results also indicated a 23% reduction in heart strain post-procedure, underscoring the system's potential to enhance patient care.
Boston Scientific announced positive results for the Ranger™ Drug-Coated Balloon (DCB) during the VIVA meeting in Las Vegas on October 5, 2021. The two-year results from the RANGER II SFA trial showed a primary patency rate of 84.0% for Ranger DCB, significantly higher than 71.4% for standard PTA (p=0.0129).
Also noted was an 87.4% freedom from target lesion revascularization for Ranger DCB versus 79.5% for PTA (p=0.0316). No significant difference in all-cause mortality was observed.
Boston Scientific Corporation (NYSE: BSX) will host a conference call on October 27, 2021, at 8:00 a.m. EDT to discuss its financial results for the third quarter ending September 30, 2021. The call will feature Mike Mahoney, CEO, and Dan Brennan, CFO, providing insights into the company's performance. A news release with the financial results will precede the call. Interested parties can access the live webcast and replay via investors.bostonscientific.com.
Boston Scientific (NYSE: BSX) announced an agreement to acquire Devoro Medical, developer of the WOLF Thrombectomy® Platform, for approximately $269 million and up to $67 million upon achieving certain milestones. This acquisition aims to enhance Boston Scientific's thrombectomy capabilities, complementing existing products like the EkoSonic™ Endovascular System. The deal is projected to be slightly dilutive to earnings in 2021 but is expected to have a neutral impact on adjusted EPS in 2022. The transaction is anticipated to close in Q4 2021.
Boston Scientific announced positive results from the EPOCH clinical trial for TheraSphere Y-90 Glass Microspheres in treating metastatic colorectal cancer (mCRC) of the liver. The trial met both primary endpoints of progression-free survival (PFS) and hepatic progression-free survival (hPFS). With 428 patients involved, the trial showed that TheraSphere treatment significantly improved PFS and hPFS compared to standard chemotherapy alone. This data will support future FDA submissions, potentially providing broader access to this therapy for mCRC patients.
Boston Scientific Corporation (BSX) will hold a hybrid investor meeting on September 22, 2021, from 8:30 a.m. to 12:30 p.m. EDT, to discuss its financial goals and growth strategies. The meeting will feature business unit overviews, updates on product pipelines, and highlights from key segments including Cardiovascular, MedSurg, and Rhythm and Neuro. Interested parties can register for the live event in Boston or join via webcast. A replay will be available for one year post-event.
Boston Scientific announced the completion of its acquisition of Lumenis Ltd.'s global surgical business for $1.07 billion, which is expected to generate approximately $200 million in revenue for 2021. This acquisition allows Boston Scientific to integrate Lumenis's advanced laser technology into its urology and otolaryngology offerings, enhancing its growth prospects in Europe and Asia. The deal is projected to be slightly dilutive in 2021, with earnings expected to become accretive in 2022 and beyond as synergies are realized and integration progresses.
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