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Boston Scientific

Company nameBoston Scientific
Company typePublic (NYSE - BSX)
IndustryMedical Instruments & Supplies
Founded1979
HeadquartersNatick, Massachusetts
Key peopleJohn Abele, Founder & Director
Peter Nicholas, Founder & Chairman
J. Raymond Elliott, CEO
Paul LaViolette, COO
Revenue(+)US$7.81B (FY 2010)
Operating income(-)US$-904M (FY 2010)
Net income(-)US$-1.06B (FY 2010)
Total assets(-)US$22.1B (FY 2010)
Total equity(-)US$11.3B (FY 2010)
Employees28,600 (2007)

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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.
Navilyst Medical was formed in February 2008 from Boston Scientific's Fluid Management and Vascular Access business units.

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.


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