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Boston Scientific Taxus Stent News

Boston Scientific Sales Down, Preparing Launch of New Taxus Stent

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At a glance:

Boston Scientific reported slower sales of its drug-coated stent this past quarter, due to decreased demand and competition from the other maker of this type of device, Johnson & Johnson. 
 
The FDA has communicated some quality concerns to the company, but they say they are on track for the release of a new version of the Taxus Stent later this year. 
 
A stent is a little bit of wire mesh that is placed inside an artery, to filter out blood clots that can lead to stroke or heart attack.

Boston Scientific net down as heart device sales slow

Reuters - 4/18/2006 2:17 PM

CHICAGO (Reuters) - Boston Scientific Corp., which expects shortly to complete its acquisition of Guidant Corp., said on Tuesday that quarterly earnings fell 7.3 percent on slower sales of devices used to treat clogged heart arteries.
 
But the maker of drug-coated stents -- the small wire mesh devices inserted into coronary arteries to keep blood flowing -- said sales beat Wall Street expectations, and the company's shares rose nearly 2 percent
 
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