Wedbush Raises Price Target on Boston Scientific (BSX) to $25 Following 2Q
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Boston Scientific Announces Results For Second Quarter 2016
July 28, 2016 6:30 AM EDTMARLBOROUGH, Mass., July 28, 2016 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) generated sales of $2.126 billion during the second quarter ended June 30, 2016, compared to the company's guidance range for the quarter of $2.010 to $2.060 billion. This represents growth of 15 percent on a reported basis and 16 percent on an operational basis (calculated on a constant currency basis), all compared to the prior year period. The company reported a GAAP loss of $207 million, or $(0.15) per share, compared to earnings of $0.08 a year ago, and achieved adjusted earnings per share of $0.27 for the period, compared to... More
Boston Scientific Announces Acquisition of Cosman Medical
July 27, 2016 9:01 AM EDTMARLBOROUGH, Mass., July 27, 2016 /PRNewswire/ --Â Boston Scientific Corporation (NYSE: BSX) today announced that it has acquired Cosman Medical, Inc., a privately held Burlington, Mass. manufacturer of radiofrequency ablation (RFA) systems. The Cosman Medical team and products will become part of the Boston Scientific Neuromodulation business, which offers a range of Spinal Cord Stimulator (SCS) systems to treat patients with chronic pain, and Deep Brain Stimulation systems* for the treatment of Parkinson's disease, dystonia and essential tremor.
"This acquisition is a natural extension of our current product portfolio and will... More
