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Boston Scientific Taxus Stent News

WSJ Report on Stent Blood Clots Refuted

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Contrary to a report in the Wall Street Journal, officials at Angiotech, a company that makes drug preparations for stents, say that the use of drug-coated stents is not declining and that they remain more effective than bare metal stents. 
 
The Journal report had stated that hospitals were concerned about the formation of blood clots so had begun to avoid stents such as Boston Scientific Taxus Stent. 
 
As Angiotech's stock price declined, its President also declared that it was looking to widen its business and reduce the percentage of revenue coming from that source. 
 

Angiotech shares drop on report of lower stent use

Reuters - 6/22/2006 1:45 PM

TORONTO (Reuters) - Shares of Angiotech Pharmaceuticals fell more than 6 percent on Thursday after the Wall Street Journal reported a decline in the use of drug-coated stents at several major hospitals.
 
Shares of Angiotech, whose main revenue has come from making a drug coating for Boston Scientific's stents, were down 69 Canadian cents, or 4.9 percent, at C$13.40 on volume of 159,000 shares. Earlier in the session, they dropped as low as C$13.15
 
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