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BUSINESS BRIEFS.(TO THE POINT)
MEDICAL
Fallout from Guidant stent ruling
The maker of cardiac-assist devices sank after its development of a drug-coated stent was blocked. Analysts said Guidant needed a favorable ruling to keep up with Boston Scientific and Johnson & Johnson. Guidant lost 5.10, or 16%, to 27.73. Angiotech Pharmaceuticals, which developed the paclitaxel-coated stent used in Guidant's tests, fell 4.62, or 12%.
** But rival Boston Scientific added 3.32, or 10%, to 35.60. J&J rose 2 to 58.30 and Surmodics, a J&J supplier, rose 2.12 to 34.35.
Immucor Q1 profit surged 109%
The maker of products used for blood transfusions earned 23 cents a share, beating views by 4 cents. Sales rose 25% to $23.2 mil. Results were boosted by new customer contracts and price hikes. Immucor expects to earn $1.10-$1.06 for the year on $95 mil-$96.5 mil in revenue. Analysts see 92 cents. Its shares rose 1.24, or 7%, to 18.36.
Health care cost set to rise 15%
- Guidant deal over last hurdle: Boston Scientific expected to complete $27.5...
- Newspaper article from: Saint Paul Pioneer Press (St. Paul, MN) April 21, 2006 700+ words
...Cardiac Rhythm Management. Boston Scientific also must fend off a federal...successful product lines -- Boston Scientific's drug-coated stents...In trading Thursday, Boston Scientific shares were up 47 cents to $22.26, Guidant...
- FTC clears the way for Boston Scientific's acquisition of Guidant.
- Newspaper article from: Saint Paul Pioneer Press (St. Paul, MN) April 20, 2006 700+ words
...Cardiac Rhythm Management. Boston Scientific also must fend off a federal...successful product lines _ Boston Scientific's drug-coated stents...In trading Thursday, Boston Scientific shares were up 47 cents to $22.26, Guidant...
- Current Research on Boston Scientific Corp.
- Press release article from: M2 Presswire June 15, 2007 700+ words
...Management, added, "Boston Scientific definitely wants to get...toward cost cutting." Boston Scientific shares were down 5 cents to $16.00 in early New...trade. More information on Boston Scientific Corp available in the members...
- Natick, Mass.-Based Boston Scientific Files Countersuit against Stent Provider.
- Newspaper article from: Knight Ridder/Tribune Business News May 1, 2001 700+ words
...when Tobin, who joined Boston Scientific in 1999, learned about...Project Independence. Boston Scientific stressed that no stents...for them. Yesterday, Boston Scientific shares rose 87 cents to close at $15.88 on...
- Boston Scientific Corp. is Added to Watch List.
- Press release article from: M2 Presswire April 24, 2007 700+ words
...card needed! Boston Scientific Corp. reported...ICDs) improve. Boston Scientific said Monday its...million, or 8 cents per share, from...profit of 10 cents per share on...Buy" rating on Boston Scientific, saying ICD...
- Boston Scientific Corp. to Spend $2 Billion to buy Pfizer Unit.
- Newspaper article from: Knight Ridder/Tribune Business News Rosenberg, Ronald June 16, 1998 700+ words
...said Best. The deal, he added, will be dilutive to Boston Scientific's 1999 earnings by as much as five cents a share. Last year, Boston Scientific earned $139.3 million, or 72 cents a share, on revenue of $1.87 billion. To finance...
- Taxus sales lift Boston Scientific in third quarter, but stock slides.
- Newspaper article from: Knight Ridder/Tribune Business News October 20, 2004 700+ words
...legal and regulatory exposures." Boston Scientific said fourth-quarter earnings...previous guidance of between 48 cents to 51 cents a share, and pushed...The latest versions made by Boston Scientific and its rival Johnson &...
- Afternoon Alert for Boston Scientific Corp.
- Press release article from: M2 Presswire March 26, 2007 700+ words
...pressed to put new money to use in Boston Scientific," she said. Boston Scientific shares fell 39 cents, or 2.6 percent, to $14.83 in...opening bell. More information on Boston Scientific Corp. available in the members section...