Boston Scien Cp Stock Price, News & Analysis

Boston Scientific reported Q4 2020 net sales of $2.708 billion, showing a decline of (6.8)% compared to Q4 2019. GAAP net income available to common stockholders was $138 million or $0.10 EPS, significantly down from $3.996 billion or $2.83 EPS a year prior. For the full year 2020, sales totaled $9.913 billion, down (7.7)%. The transition to a consignment model for WATCHMAN customers impacted results negatively. The company received multiple FDA approvals and is planning growth for 2021 with projected revenue increases of 13% to 19%.

Boston Scientific Corporation has received FDA approval for the fourth-generation Vercise Genus™ Deep Brain Stimulation (DBS) System, enhancing treatment options for over 10 million people globally with Parkinson's disease. This system includes Bluetooth-enabled, rechargeable, and non-rechargeable implantable pulse generators that work with Cartesia™ Directional Leads for optimal symptom relief. The company plans a controlled U.S. launch following its European debut in September 2020, potentially improving patient access and outcomes.

Boston Scientific (NYSE: BSX) announced its agreement to acquire Preventice Solutions for up to $1.225 billion, including $925 million upfront and additional milestone payments. This strategic acquisition aims to enhance Boston Scientific's position in the growing ambulatory cardiac monitoring market, valued at nearly $2 billion. Preventice reported $158 million in net sales for 2020, showing a 30% growth. The deal, expected to close by mid-2021, is projected to be accretive by at least one cent per share in 2022. The acquisition aligns with Boston Scientific's focus on innovative cardiac health solutions.

Boston Scientific (NYSE: BSX) announced the limited release of the WaveWriter Alpha™ Spinal Cord Stimulator (SCS) systems. This portfolio includes four MRI conditional, Bluetooth-enabled implantable pulse generators (IPGs) that promise personalized pain relief through Fast Acting Sub-perception Therapy (FAST™). Currently, chronic pain affects over 50 million Americans, and traditional therapies can take longer to act. The FDA approved these systems in December 2020, indicating their use in managing chronic intractable pain, including conditions like Complex Regional Pain Syndrome.

Boston Scientific Corporation (NYSE: BSX) reported preliminary fourth-quarter 2020 net sales of approximately $2.71 billion, a decline of about 6.8% year-over-year. For the full year, net sales totaled approximately $9.91 billion, down 7.7%. Key challenges included a significant drop in WATCHMAN™ device sales due to inventory model changes, impacting organic growth by 8% in Q4. Some segments like Peripheral Interventions saw growth (4.8% organic), while Cardiovascular reported a significant decline of 12%. The company expects to discuss these results in detail during upcoming earnings calls.

Boston Scientific Corporation (NYSE: BSX) will participate in the 39th Annual J.P. Morgan Healthcare Conference on January 12, 2021, at 8:20 a.m. EST. CEO Mike Mahoney will present, followed by a Q&A session with other executives, including Dan Brennan and Dr. Ian Meredith. On February 3, 2021, the company will hold a webcast at 8:00 a.m. EST to discuss its fourth-quarter financial results, announcing earnings prior to the call. The events will be available for live streaming and replay on their investor relations website.

Boston Scientific (NYSE: BSX) announced the sale of its BTG Specialty Pharmaceuticals business to SERB for $800 million in cash. The divestiture aims to enhance the BTG business's potential within specialty pharmaceuticals, particularly in life-saving antidotes. The BTG Specialty Pharmaceuticals is projected to generate $210 million in revenue for 2020. This sale follows the acquisition of BTG for approximately $3.7 billion, resulting in over $1 billion in net proceeds from divested businesses. The transaction is expected to close in H1 2021, pending regulatory approvals.

Boston Scientific Corporation (NYSE: BSX) will present at the 2020 Evercore ISI HealthCONx Conference on December 1. The session will feature CEO Mike Mahoney and VP of Investor Relations Susie Lisa, starting at approximately 8:00 a.m. EST. A live webcast and replay of the event will be available at investors.bostonscientific.com, accessible one hour after the session concludes. Boston Scientific is a leader in medical technology, providing innovative solutions that enhance patient care globally.

Boston Scientific (BSX) has announced a global voluntary recall of all unused LOTUS Edge Aortic Valve System inventory due to complexities with its delivery system. This recall will not affect patients who already have the valve implanted. The company will retire the entire LOTUS product platform, ceasing all related activities. This decision is estimated to incur pre-tax GAAP charges of $225 million to $300 million, with a significant portion impacting adjusted results. The expected effect on earnings per share for 2021 is a slight increase of 1 to 2 cents.