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 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.
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.
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