Welcome to our dedicated page for Boston Scien Cp news (Ticker: BSX), a resource for investors and traders seeking the latest updates and insights on Boston Scien Cp stock.
Boston Scientific Corporation (NYSE: BSX) is a global medical technology company whose news flow reflects activity across cardiovascular, neuromodulation, urology, endoscopy and other therapeutic areas. Company announcements frequently describe new agreements to acquire medical technology firms, clinical and regulatory milestones for key product platforms, and detailed quarterly financial results.
Recent news includes a definitive agreement to acquire Penumbra, Inc. in a cash and stock transaction. Penumbra has developed mechanical thrombectomy and neurovascular devices to treat conditions such as pulmonary embolism, stroke, deep vein thrombosis, acute limb ischemia, heart attack and aneurysms, with products like the Lightning Bolt and Lightning Flash computer assisted vacuum thrombectomy systems and peripheral embolization technologies. Boston Scientific has also announced an agreement to acquire Valencia Technologies Corporation, adding the eCoin implantable tibial nerve stimulation system for urge urinary incontinence, and an agreement to acquire Nalu Medical, Inc., developer of the Nalu Neurostimulation System for peripheral nerve stimulation in chronic pain.
In addition to acquisition news, Boston Scientific regularly issues earnings releases detailing net sales by business and region, growth rates on reported, operational and organic bases, and commentary on segment performance in MedSurg and Cardiovascular. These releases often highlight regulatory approvals, such as expanded labeling for the FARAPULSE Pulsed Field Ablation System or CE marks for devices like the WATCHMAN FLX Pro Left Atrial Appendage Closure Device, as well as clinical study results, including long-term data from deep brain stimulation trials.
Investors and observers following BSX news can also expect updates on investor conferences, investor day events, and governance matters disclosed through press releases and Form 8-K filings. This page aggregates such coverage, offering a centralized view of Boston Scientific’s strategic transactions, product developments, financial updates and corporate announcements over time.
Boston Scientific has announced a definitive agreement to acquire Apollo Endosurgery for $10 per share, valuing the deal at approximately $615 million. This acquisition aims to enhance Boston Scientific's endoluminal surgery portfolio and expand its presence in the endobariatric market, a growing sector for weight management solutions. Apollo is projected to generate net sales of around $76 million in 2022, driven by its innovative endoscopic suturing systems. The transaction is expected to close in the first half of 2023, with minimal impact on adjusted earnings per share in 2023 but accretive thereafter.
Boston Scientific Corporation (NYSE:BSX) announced the initial results from the ACURATE neo2 Post Market Clinical Follow-up study. Key findings include a high procedural success rate of 98.4%, low mortality rates of 0.8% at 30 days, and minimal paravalvular leaks. The study involved 250 patients and highlighted significant safety and effectiveness of the ACURATE neo2 Aortic Valve System. Notable outcomes included a 6.5% new pacemaker implantation rate and a 0% incidence of disabling stroke. These findings bolster confidence in the valve's design improvements.
Boston Scientific (NYSE: BSX) will participate in two key investor conferences. On November 15, 2022, executives Dan Brennan and Lauren Tengler will engage in a 30-minute Q&A at the 2022 Stifel Healthcare Conference, starting at 8:00 a.m. EST. Following this, on November 30, 2022, Jeff Mirviss, Catherine Jennings, Dr. Michael Jaff, and Lauren Tengler will hold a 45-minute Q&A at the 5th Annual Evercore ISI HealthCONx Conference, also at 8:00 a.m. EST. Live webcasts for both events will be available at investors.bostonscientific.com.
Boston Scientific reported third-quarter 2022 net sales of $3.170 billion, an 8.1% increase year-over-year. GAAP net income was $174 million or $0.12 per share, down from $405 million or $0.28 per share the previous year. Adjusted EPS rose slightly to $0.43 from $0.41. Key growth segments included MedSurg and Cardiovascular, with notable expansions in Emerging Markets at 28.1%. The company is revising its full-year outlook, expecting 6.5% growth and EPS between $0.57 and $0.63.
Boston Scientific Corporation (NYSE: BSX) has scheduled a conference call for October 26, 2022, at 8:00 a.m. EDT to discuss financial results and business highlights for Q3 2022, which ended on September 30. The call will be led by CEO Mike Mahoney and CFO Dan Brennan. A press release with the financial results will be issued prior to the call. Investors can access the live webcast and replay on the company’s investor relations website.
Boston Scientific Corporation (BSX) presented results from the PROTECTED TAVR trial at TCT 2022, evaluating the SENTINEL Cerebral Protection System. The trial aimed to assess the reduction of strokes in TAVR patients. While the primary endpoint was not met, a non-significant trend showed a 21% relative risk reduction in all strokes (2.3% with SENTINEL vs. 2.9% without). Notably, there was a significant 60% reduction in disabling strokes (0.5% with SENTINEL vs. 1.3% without, P=0.02). The study involved 3,000 patients across over 50 sites, emphasizing the SENTINEL device's potential benefits in stroke prevention.
Boston Scientific (NYSE: BSX) has received FDA approval to expand the labeling for its WATCHMAN FLX Left Atrial Appendage Closure Device. The update allows for a 45-day dual anti-platelet therapy (DAPT) option as an alternative to the existing oral anticoagulation (OAC) regimen for patients with non-valvular atrial fibrillation (NVAF). This change provides physicians with more treatment flexibility based on patient needs. Clinical data, including analyses of over 8,300 patients, supports the safety and efficacy of the DAPT regimen. The device demonstrated significant advantages in clinical trials, including higher rates of complete occlusion compared to competitors.
Boston Scientific Corporation (NYSE: BSX) will participate in two investor events in September 2022. On September 7, CEO Mike Mahoney and VP Lauren Tengler will engage in a fireside chat at the Wells Fargo Healthcare Conference at 3:10 p.m. EDT. On September 18, the company will host an investor event at the 34th Transcatheter Cardiovascular Therapeutics meeting from 9:00 a.m. to 10:00 a.m. EDT. Key executives will provide a business update. Webcasts of both events will be available online.
Boston Scientific Corporation (NYSE: BSX) announced the acquisition of Obsidio, Inc. on August 15, 2022. The acquisition incorporates Obsidio's Gel Embolic Material (GEM™) technology, recently cleared by the FDA, into Boston Scientific's interventional oncology and embolization portfolio. GEM technology is designed for efficient embolization procedures, offering advantages over current embolics by providing immediate obstruction of blood flow. The transaction is expected to have an immaterial impact on Boston Scientific's earnings in 2022.
Nevro Corp. and Boston Scientific Corp. have resolved their intellectual property litigation through a settlement. This agreement allows Boston Scientific to operate with its current products utilizing features below 1,500 Hz while granting Nevro similar freedoms. Nevro will license paresthesia-free therapy technology to Boston Scientific, and vice versa. The settlement also includes a net payment of $85 million from Boston Scientific to Nevro, concluding all ongoing litigations between the two parties.