Businessinfo: Boston Scientific Medical Device Company Intelligence Report.LONDON -- Boston Scientific The Boston Scientific Corporation (NYSE: BSX) (abbreviated BSC), is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a range of interventional medical specialties, including interventional cardiology, peripheral interventions, has elected to become the exclusive worldwide licensee to Angiotech's coronary drug-eluting stent In cardiology, a drug-eluting stent is a stent (a scaffold) placed into narrowed, diseased coronary arteries that slowly releases a drug to block cell proliferation. This prevents scar-tissue–like growth that, together with clots (thrombus), could otherwise block the stented technology, and Businessinfo (http://www.businessinfo.ws/archive/BIAAAVVU.htm) has added a timely corporate profile to its on-line store offering. Headquartered in Natick, Massachusetts Natick (Pronunciation IPA: /ˈneɪtɪk/) is a town in Middlesex County, Massachusetts, United States. Natick is located near the center of the MetroWest region of Massachusetts, with a population of 32,170 at the , USA, Boston Scientific develops and manufactures products for use in minimally-invasive procedures. The company's products are offered for sale by two dedicated business groups - Cardiovascular and Endosurgery. The Cardiovascular organisation focuses on products and technologies for use in interventional cardiology interventional cardiology Cardiology The subspecialty of cardiology dedicated to the diagnosis, medical and mechanical therapy, pre- and post-procedure management of adult patients with acute and chronic forms of cardiovascular disease amenable to catheter-based , peripheral interventions, vascular surgery, electrophysiology and neurovascular procedures. The Endosurgery organisation focuses on products and technologies for use in oncology, endoscopy endoscopy Examination of the body's interior through an instrument inserted into a natural opening or an incision, usually as an outpatient procedure. Endoscopes include the upper gastrointestinal endoscope (for the esophagus, stomach, and duodenum), the colonoscope (for the , urology urology Medical specialty dealing with the urinary system and male reproductive organs. It traces its origin to medieval lithologists, itinerant healers who specialized in surgical removal of bladder stones. and gynaecology procedures. This new report, offered by businessinfo.ws, looks at how in fiscal 2003, Boston Scientific's revenue grew by 19.1% to US$3.5 billion, or by 14% excluding the favourable impact of US$162 million of currency fluctuations. The revenue growth was largely driven by the Taxus paclitaxel-eluting coronary stent coronary stent Intracoronary stent Cardiology An expandable tubular device which can be inserted percutaneously, and left within a coronary artery lumen to maintain its patency Pros Clinical and angiographic outcomes are better with intracoronary artery stent system which was launched in Europe and Inter-Continental markets during 2003. Gross profit increased to US$2.5 billion or 72.4% of sales in 2003, compared with US$2 million or 70.2% of sales in 2002. Since early 2001, Boston Scientific has completed eleven business acquisitions and has entered a significant number of strategic alliances to broaden its product technology portfolio and strengthen and expand the company's reach into existing and new markets. Boston Scientific's entry into the new drug-eluting stent (DES) market has had a dynamic impact on the company's sales and Boston Scientific believes DES technology represents one of the largest market opportunities in the history of the medical device industry. For more information visit http://www.businessinfo.ws/archive/BIAAAVVU.htm |
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