Boston Scientific Corporation develops and markets less invasive medical devices and therapies used by healthcare professionals and institutions globally. News about BSX centers on operating results, business highlights, capital-structure updates and product developments across cardiovascular, respiratory, digestive, oncological, neurological and urological care.
Recurring company updates include clinical evidence and regulatory milestones for platforms such as FARAPULSE pulsed field ablation, WATCHMAN left atrial appendage closure, EKOS endovascular therapy and the Asurys Fluid Management System. Coverage also reflects conference presentations, FDA clearances, trial results and management discussions of quarterly performance across the company’s medical-technology portfolio.
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.
Boston Scientific generated $3.244 billion in net sales for Q2 2022, marking a 5.4% year-over-year increase. GAAP net income reached $246 million or $0.17 per share, compared to $172 million or $0.12 per share in 2021. Adjusted EPS improved to $0.44 from $0.40. Segments such as MedSurg and Cardiovascular reported solid growth, with emerging markets soaring 18.9%. However, U.S. growth was strong at 7.4%, while EMEA faced a slight decline of (0.3%). The company expects 6.5% to 7.5% growth for the full year and continued operational success.
Boston Scientific will host a conference call on July 27, 2022, at 8:00 a.m. EDT to discuss its second-quarter financial results for the period ending June 30, 2022. The call will feature CEO Mike Mahoney and CFO Dan Brennan. A news release detailing the financial results will be issued prior to the call. Investors can access the live webcast and subsequent replay on the company’s investor relations website.
Boston Scientific Corporation (NYSE: BSX) has entered into a definitive agreement to acquire a 64% stake in M.I.Tech Co., Ltd., a Korean medical device manufacturer, for approximately $230 million. M.I.Tech is known for its HANAROSTENT™ technology, which features self-expanding metal stents used in various minimally invasive medical procedures. This acquisition is expected to enhance Boston Scientific's stent portfolio and expand M.I.Tech's international presence. The transaction is scheduled to close in the second half of 2022, with an immaterial impact on earnings projected for that year.
Boston Scientific Corporation (NYSE: BSX) will participate in the Bank of America Global Healthcare Conference on May 12, 2022. The session will feature Dan Brennan, CFO, and Lauren Tengler, VP of Investor Relations, and is scheduled for 8:00 a.m. PT. A live webcast will be available on the company's Investor Relations website. Replay access will be provided approximately an hour after the event concludes. Boston Scientific focuses on innovative medical solutions that enhance patient health worldwide.
Boston Scientific Corporation (BSX) reported Q1 2022 net sales of $3.026 billion, reflecting a 10.0% increase year-over-year. GAAP net income was $97 million or $0.07 per share, down from $327 million or $0.23 per share a year ago. Adjusted EPS was $0.39, slightly up from $0.37. Growth was driven by all reportable segments, with notable increases in Cardiovascular (11.4%) and MedSurg (9.1%). However, GAAP EPS fell below the anticipated $0.16 to $0.20. The company remains optimistic for full-year growth despite macroeconomic challenges.
Boston Scientific Corporation (NYSE:BSX) will host a conference call on April 27, 2022, at 8:00 a.m. EDT, to discuss financial results for the first quarter ended March 31, 2022. The call will feature Mike Mahoney, CEO, and Dan Brennan, CFO, with a corresponding news release issued prior to the call. Interested parties can access the live webcast and replay at investors.bostonscientific.com.
Boston Scientific Corporation (NYSE:BSX) announced the pricing terms for its upsized cash tender offer totaling $2.85 billion for outstanding senior notes. The offer will expire on March 29, 2022 unless extended. Holders tendering before the Early Tender Date (March 15, 2022) may receive a $30 per $1,000 principal Early Tender Payment. These transactions are expected to be accretive to adjusted earnings per share by $0.02 in 2022, despite a projected $200 million charge on a GAAP basis.
Boston Scientific (BSX) announced results of its cash tender offer for up to $2.5 billion in senior notes, which received valid tenders of $5.139 billion by the early tender date of March 15, 2022. Due to high demand, the company has increased the maximum principal amount to $2.85 billion. The tender offer will expire on March 29, 2022. Holders of accepted securities will receive a $30 early tender payment and accrued interest.
Boston Scientific Corporation (NYSE: BSX) announced the completion of a €3.0 billion public offering of senior notes by its subsidiary, American Medical Systems Europe B.V. The offering includes various notes maturing from 2025 to 2034, with interest rates ranging from 0.750% to 1.875%. The net proceeds will fund a tender offer for up to $2.5 billion of senior notes and redeem certain existing notes. The company plans to use any remaining funds for debt repayment and general purposes, aiming to optimize its capital structure.