Boston Scientific(BSX)

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Boston Scientific (BSX) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2025-01-28 00:06
Group 1 - Boston Scientific (BSX) closed at $102.27, with a +0.32% change from the previous day, outperforming the S&P 500's daily loss of 1.46% [1] - The stock has increased by 12.44% over the past month, leading the Medical sector's gain of 1.84% and the S&P 500's gain of 1.08% [1] Group 2 - Boston Scientific is set to release its earnings report on February 5, 2025, with an expected EPS of $0.65, reflecting an 18.18% increase from the prior-year quarter [2] - The consensus estimate anticipates revenue of $4.4 billion, indicating an 18.13% increase from the same quarter last year [2] Group 3 - Recent adjustments to analyst estimates for Boston Scientific are important, as they reflect short-term business trends and analyst optimism about the company's profitability [3] - Positive estimate revisions can lead to near-term stock movements, which investors can capitalize on using the Zacks Rank system [4] Group 4 - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell), with 1 stocks averaging an annual return of +25% since 1988 [5] - Currently, Boston Scientific holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having moved 0.1% lower in the past month [5] Group 5 - Boston Scientific has a Forward P/E ratio of 36.8, which is higher than the industry average Forward P/E of 19.01, indicating it is trading at a premium [6] - The company has a PEG ratio of 2.67, compared to the Medical - Products industry's average PEG ratio of 2.15 [7] Group 6 - The Medical - Products industry, part of the Medical sector, holds a Zacks Industry Rank of 93, placing it in the top 38% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
Belo Sun Mining Welcomes New Director to Its Board
GlobeNewswire· 2025-01-27 12:30
Core Viewpoint - Belo Sun Mining Corp. has appointed Mr. Jack Lunnon as a director, nominated by La Mancha Investments, to enhance the company's technical expertise and support the advancement of the Volta Grande Project [1][5]. Company Overview - Belo Sun Mining Corp. is focused on mineral exploration and development, particularly gold properties in Brazil, with its primary asset being the 100% owned Volta Grande Gold Project located in Para State, Brazil [5]. Appointment Details - Mr. Jack Lunnon, who has over fifteen years of experience in geology, mining, and investments, will bring significant technical expertise to the board [2]. - Lunnon has served as Chief Technical Officer for La Mancha since 2021 and has prior board experience with Elemental Altus Royalties Corp. [2]. - His qualifications include being a Chartered Geologist and holding a Master of Geology degree, along with expertise in geological modeling and resource geology [3]. Professional Background - Before joining La Mancha, Lunnon worked as a Consultant Geologist for SLR Consulting, where he conducted due diligence reviews and generated NI 43-101-compliant reports [4]. - He has extensive geological exploration experience across Africa, the Middle East, and Australia, contributing to his advanced resource modeling skills [4]. Strategic Importance - The appointment of Lunnon is seen as a strategic move to leverage his global technical experience for the benefit of all stakeholders involved in the Volta Grande Project [5].
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 ...