Boston Scientific
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| Type | Public (NYSE: BSX) S&P 500 Component |
|---|---|
| Industry | Medical Instruments & Supplies |
| Founded | 1979 |
| Headquarters | Natick, Massachusetts |
| Key people | John Abele, Founder & Director Peter Nicholas, Founder & Chairman J. Raymond Elliott, CEO Paul LaViolette, COO |
| Revenue |  US$7.81B (FY 2010)[1] |
| Operating income |  US$-904M (FY 2010)[1] |
| Net income | US$-1.06B (FY 2010)[1] |
| Total assets | US$22.1B (FY 2010)[2] |
| Total equity | US$11.3B (FY 2010)[2] |
| Employees | 28,600 (2007) |
| Website | www.bostonscientific.com |
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, neuromodulation, neurovascular intervention, electrophysiology, cardiac surgery, vascular surgery, endoscopy, oncology, urology and gynecology.
Boston Scientific is well known for the development of the Taxus Stent, a drug-eluting stent which is used to open clogged arteries.
Boston Scientific's main competitors are Johnson & Johnson, Medtronic, and St. Jude Medical. On April 21, 2006, the company acquired longtime competitor Guidant for $27.2 billion. The former Guidant was split between BSC and Abbott Laboratories. [3] [4]
Navilyst Medical was formed in February 2008 from Boston Scientific's Fluid Management and Vascular Access business units. [5]
In October 2010, the company was fined $600,000 by the US Department of Justice for paying a US Army doctor to use their devices and recommend them to others.[6]
[edit] Notes
- ^ a b c Boston Scientific (BSX) annual SEC income statement filing via Wikinvest.
- ^ a b Boston Scientific (BSX) annual SEC balance sheet filing via Wikinvest.
- ^ "Guidant battle ends in favor of Boston Scientific". Associated Press. January 25, 2006. http://www.msnbc.msn.com/id/11018335/. Retrieved 2008-02-11.
- ^ "Boston Scientific Completes Combination with Guidant". April 21, 2006. http://bostonscientific.mediaroom.com/index.php?s=43&item=513. Retrieved 2008-02-11. Boston Scientific's press release on the acquisition.
- ^ "Boston Scientific Spin-off Aiming to Tap Veins Without Causing Infections". August 5, 2008. http://www.xconomy.com/boston/2008/08/05/navilyst-medical-boston-scientific-spin-off-aiming-to-tap-veins-without-causing-infections/. Retrieved 2009-02-23.
- ^ Bernton, Hal, "Army Whistle-Blower Fights To Clear Name", Seattle Times, 14 August 2011, p. 1.
