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Belo Sun Mining Announces Permitting Update on the Volta Grande Gold Project in Brazil
Globenewswire· 2025-01-23 12:30
Court Decision and Permitting Authority - The Federal Court of Appeals in Brasília (TRF1) unanimously ruled that SEMAS, the Pará State environmental agency, will be the competent authority for the environmental permitting process of the Volta Grande Gold Project (PVG) [1] - This decision reverses the September 2023 ruling that designated IBAMA as the permitting authority for PVG [1] - SEMAS had previously issued PVG's Preliminary License (LP) in 2014 and Construction License (LI) in 2017, and revalidated the LP in 2022 after FUNAI approved the Indigenous Study (ECI) [2] Project Progress and Next Steps - The ruling is a positive development for PVG due to SEMAS's familiarity with the project and experience permitting mining projects in Pará State [2] - The next stage in the permitting process involves transferring files back to SEMAS and working with the agency to advance PVG [2] - The LI remains under suspension, but the LP is currently valid [2] Company Perspective - Belo Sun welcomes the TRF1 ruling confirming SEMAS as the permitting authority, citing the agency's familiarity with PVG and the company's constructive relationship with SEMAS [3] - The company aims to advance the permitting process in compliance with relevant laws and regulations, benefiting all stakeholders, particularly local communities and Indigenous Peoples [3] Company Overview - Belo Sun Mining Corp is a mineral exploration and development company focused on gold properties in Brazil [4] - The company's primary focus is advancing and expanding its 100% owned Volta Grande Gold Project in Pará State, Brazil [4] - Belo Sun trades on the TSX under the symbol "BSX" and on the OTCQB under the symbol "BSXGF" [4]
BSX Stock Rises on Positive Data Announcement at the AF Symposium
ZACKS· 2025-01-20 14:36
Core Insights - Boston Scientific Corporation (BSX) presented positive data for the FARAPULSE Pulsed Field Ablation system and the WATCHMAN Left Atrial Appendage Closure device at AF Symposium 2025, supporting their technologies for atrial fibrillation treatment and stroke prevention [1][2] Company Performance - Following the announcement, BSX shares increased by 0.5% to $98.66, reflecting investor confidence in the company's growth within the Cardiovascular segment [2] - The FARAPULSE PFA System has treated over 125,000 patients by the end of Q3 2024, indicating rapid adoption [2] - The WATCHMAN device's organic sales grew by 18% year over year in Q3 2024, with over 500,000 patients treated [3] - BSX's market capitalization stands at $141.41 billion, with an average earnings surprise of 8.29% over the last four quarters [4] Clinical Study Results - The ADVANTAGE AF study showed a 2.3% event rate for serious adverse events and a 63.5% freedom from atrial fibrillation, with an 85.3% symptomatic AF recurrence-free rate [6] - The OPTION trial sub-analysis indicated a 44% reduction in non-procedural bleeding with concomitant LAAC and a 62% reduction with sequential LAAC using the WATCHMAN FLX device [8] Industry Outlook - The global cardiovascular devices market was valued at $61.39 billion in 2023 and is projected to reach $117.68 billion by 2032, growing at a CAGR of 7.6% from 2024 to 2032, driven by the rise in chronic heart diseases [9] Recent Developments - Boston Scientific has entered into an agreement to acquire Bolt Medical, expanding its cardiovascular portfolio with an advanced laser-based platform for intravascular lithotripsy [10] Stock Performance - Over the past year, BSX shares have increased by 62.4%, significantly outperforming the industry average growth of 11.6% [11]
Late-breaking data presented at AF Symposium 2025 highlight key Boston Scientific therapies for management of patients with atrial fibrillation
Prnewswire· 2025-01-16 22:33
Core Insights - Boston Scientific Corporation announced positive data from the ADVANTAGE AF clinical trial, demonstrating safety and effectiveness of the FARAPULSE™ Pulsed Field Ablation System for treating drug-resistant, symptomatic, persistent atrial fibrillation [1][3] - A sub-analysis from the OPTION clinical trial highlighted consistent safety and efficacy outcomes of the WATCHMAN FLX™ Left Atrial Appendage Closure Device post cardiac ablation [1][4] ADVANTAGE AF Clinical Study - The FARAPULSE PFA System is currently approved for pulmonary vein isolation in patients with paroxysmal atrial fibrillation, while the ADVANTAGE AF study evaluated its use for both pulmonary vein isolation and posterior wall ablation in patients with persistent atrial fibrillation, which accounts for 25% of all AF cases [2] - The study included 260 patients across 43 global sites who were intolerant to at least one Class I/III anti-arrhythmic drug [2] Key Findings from ADVANTAGE AF Study - Through 12 months, the study reported positive safety and efficacy outcomes, with many patients able to discontinue anti-arrhythmic drugs and experience improved quality of life [3] - The findings support a shift towards PFA as a treatment for patients with persistent and complex forms of atrial fibrillation [3] OPTION Trial Sub-Analysis - The OPTION trial sub-analysis included 1,600 patients with atrial fibrillation who underwent device implantation either concomitantly or sequentially, demonstrating a primary safety endpoint event rate of 2.3% and a primary effectiveness endpoint of 63.5% freedom from atrial fibrillation [4][5] - The symptomatic AF recurrence-free rate was reported at 85.3%, increasing to 91.8% among physicians performing three or more procedures [5] Additional Findings from OPTION Trial - Concomitant LAAC with the WATCHMAN FLX device showed a 44% reduction in non-procedural bleeding outcomes compared to oral anticoagulants at 36 months [6] - Sequential LAAC demonstrated a 62% reduction in non-procedural bleeding outcomes compared to oral anticoagulants at 36 months [7] - Stroke protection rates were similar between the WATCHMAN FLX device and oral anticoagulants, regardless of implantation timing [7] Company Overview - Boston Scientific is a global leader in medical technology, providing innovative solutions to improve patient health and reduce healthcare costs [8]
M&A Synergies Drive BSX: Is it Worth Buying the Stock Now?
ZACKS· 2025-01-15 16:06
Core Insights - Boston Scientific Corporation (BSX) is experiencing growth despite macroeconomic challenges, driven by its category leadership strategy, innovation, and strong execution [1] - The recent acquisition of Axonics is expected to enhance synergy benefits within the Urology business, positively impacting market sentiment [1] Stock Performance - BSX stock is trading near its 52-week high, closing at $95.65, just below the high of $97.13 reached on January 8 [2] - Over the past 30 days, BSX stock has gained 5.8%, outperforming the Zacks Medical Products industry and the S&P 500 [3] Market Position - BSX has outperformed direct peers like Abbott and Medtronic in the past month, with Abbott gaining 0.4% and Medtronic rising 4.9% [4] - The company is gaining market share in its MedSurg segment, which accounts for 38% of total revenues in 2023, particularly in the Endoscopy business [9] Business Segments - In Urology, BSX is expanding its market share with strong performances from Rezum and SpaceOAR, and recent product launches like LithoVue Elite [10] - The Neuromodulation segment is also seeing growth, with the pain business returning to low double-digit growth in the U.S. [11] Acquisitions - Recent acquisitions, including Bolt Medical for an undisclosed amount and Silk Road Medical for $1.16 billion, are expected to enhance BSX's product offerings and market position [12] Financial Health - As of September 30, 2024, BSX has total debt of $10.89 billion and cash and cash equivalents of $2.5 billion, indicating a strong liquidity position [13] - The times interest earned ratio stands at 8.6, suggesting the company can meet its interest obligations comfortably [13] Challenges - The company faces macroeconomic pressures, including geopolitical tensions and supply chain disruptions, which may impact profitability [16] - In Q3 2024, BSX reported a 19.2% increase in the cost of products sold and a 25.8% rise in selling, general, and administrative expenses, affecting margins [17] Valuation - BSX shares are trading at a forward P/E ratio of 34.30, significantly above the industry average of 20.79, indicating a potentially expensive valuation [18]
Boston Scientific Jumps Ahead of Earnings
FX Empire· 2025-01-15 11:10
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].
BSX Stock Rises Following Bolt Medical Acquisition Deal Announcement
ZACKS· 2025-01-09 13:56
Company Overview - Boston Scientific Corporation (BSX) has entered into a definitive agreement to acquire Bolt Medical, Inc., a developer of an advanced laser-based intravascular lithotripsy (IVL) platform, which will enhance BSX's cardiovascular portfolio with a complementary calcium modification platform [1] - The acquisition is expected to be completed in the first half of 2025, pending customary closing conditions [1] Financial Details - BSX currently holds a 26% equity stake in Bolt Medical and will make an upfront payment of approximately $443 million for an additional 74% stake, with potential additional payments of up to $221 million based on regulatory milestones [5] - BSX has a market capitalization of $141.41 billion and has delivered an average earnings surprise of 8.29% over the trailing four quarters [4] Stock Performance - Following the acquisition announcement, BSX shares increased by 4.3% to $95.95 [2] - Over the past year, BSX's shares have risen by 62%, significantly outperforming the industry growth of 8.1% [11] Industry Prospects - The intravascular lithotripsy market was valued at $212.54 million in 2024 and is projected to reach $659.42 million by 2037, with a compound annual growth rate (CAGR) of approximately 9.1% from 2025 to 2037 [9] - The growth in this market is driven by the increasing prevalence of cardiovascular diseases, influenced by unhealthy lifestyles, dietary changes, and an aging population [9] Recent Strategic Acquisitions - In 2024, BSX completed strategic acquisitions including Silk Road Medical for $1.16 billion and Axonics for $3.7 billion, which have contributed to boosting the company's top line [3] - Additionally, BSX has entered into agreements to acquire Intera Oncology Inc. and Cortex, Inc. to expand its interventional oncology offerings and diagnostic mapping solutions, respectively [10] Product Development - Bolt Medical's IVL system utilizes lithotripsy to fracture calcium through acoustic pressure waves within a balloon catheter, and it has recently completed pivotal clinical trials for treating peripheral artery disease [6] - The FDA approved Bolt Medical to commence the global FRACTURE IDE clinical trial for the Bolt IVL Coronary System, targeting coronary arterial disease with severely calcified lesions [7]
Boston Scientific Announces Agreement to Acquire Bolt Medical, Inc.
Prnewswire· 2025-01-08 12:00
Acquisition to expand cardiovascular portfolio with complementary and differentiated calcium modification platform, furthering company's strategy to address coronary and peripheral diseaseMARLBOROUGH, Mass., Jan. 8, 2025 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) today announced it has entered into a definitive agreement to acquire Bolt Medical, Inc., the developer of an intravascular lithotripsy (IVL) advanced laser-based platform for the treatment of coronary and peripheral artery disease." ...
Endoscopy Sales Growth to Support BSX Stock Amid Fierce Competition
ZACKS· 2025-01-07 17:57
Boston Scientific (BSX) is gaining from new product launches and accretive acquisitions. Yet, unfavorable currency movement and macroeconomic concerns are major dampeners. The stock carries a Zacks Rank #3 (Hold) currently.Factors Driving BSX SharesBoston Scientific’s Endoscopy business within MedSurg is gaining from strong worldwide demand for its broad range of gastrointestinal and pulmonary treatment options. Particularly, the company is gaining market share, driven by the above-market growth of AXIOS an ...
Boston Scientific (BSX) Outperforms Broader Market: What You Need to Know
ZACKS· 2025-01-07 00:31
The most recent trading session ended with Boston Scientific (BSX) standing at $91.29, reflecting a +0.66% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.55% for the day. Elsewhere, the Dow lost 0.06%, while the tech-heavy Nasdaq added 1.24%.Analysts and investors alike will be keeping a close eye on the performance of Boston Scientific in its upcoming earnings disclosure. The company's earnings report is set to go public on February 5, 2025. On ...
5 Non-Tech Outperformers of 2024 Set to Fly Higher in the Near Term
ZACKS· 2025-01-03 14:15
Market Performance - US stock markets experienced a significant rally in 2024, with the S&P 500 rising 23.3% following a 24.2% increase in 2023, marking a 53% gain over two years, the best since 1997-98 [1] - The Dow and Nasdaq Composite rose 12.9% and 28.6% respectively in 2024, with the S&P 500 hitting 57 all-time highs [1] Sector Performance - The 2023 rally was led by the technology sector, particularly AI-focused stocks, while the 2024 rally saw broader participation from financials, industrials, utilities, and consumer discretionary sectors [2] Investment Opportunities - Non-tech stocks that outperformed major indexes in 2024 are recommended for investment, with five highlighted stocks: Chipotle Mexican Grill, Interactive Brokers Group, KKR & Co, Fiserv, and Boston Scientific [3][4] Chipotle Mexican Grill (CMG) - CMG benefits from service digitization, new menu offerings, and restaurant openings, with 86 new restaurants opened in Q3 2024, 73 featuring Chipotlanes [5] - CMG expects 80% of new openings to include Chipotlanes, with future sales growth supported by innovations like the Augmented Make line [6] - CMG has expected revenue and earnings growth rates of 12.8% and 17.9% for 2025, with a 12.5% average price target increase from $59.89 [7] Interactive Brokers Group (IBKR) - IBKR's revenue growth is supported by proprietary software development, lower compensation expenses, and expansion in emerging markets [8] - Total net revenues are projected to grow at a CAGR of 7.6% by 2026, with sustainable capital distributions due to a solid liquidity position [9] - IBKR has expected revenue and earnings growth rates of 2.1% and 3.6% for 2025, with an 11% average price target increase from $182.50 [10] KKR & Co (KKR) - KKR benefits from growth in assets under management (AUM) and record transaction fees, with new capabilities in infrastructure, real estate, and growth investing aiding revenue growth [12] - KKR has expected revenue and earnings growth rates of 18.6% and 30% for 2025, with a 13.1% average price target increase from $149.19 [13] Fiserv (FI) - FI's growth is driven by Clover's strong performance and strategic buyouts, with a business model featuring recurring revenues and high incremental margins [15] - FI has expected revenue and earnings growth rates of 8.8% and 16.4% for 2025, with an 11.3% average price target increase from $205.98 [16] Boston Scientific (BSX) - BSX sees strength in MedSurg and Structural Heart lines, with strong demand for WATCHMAN FLX and FLX Pro, and contributions from accretive acquisitions [18] - The Pain and Brain franchises and Electrophysiology arm are expected to gain traction in 2024, with 2025 revenue and earnings growth rates of 12.9% and 12.7% [19][20]