Boston Scientific Corp

Medical-products manufacturer Boston Scientific will close its plant in Doral, eliminating 1,400 jobs by 2011, Miami-Dade economic development officials announced Friday afternoon. The company is transferring the plant's work to a vacant facility in Costa Rica, where labor costs are much lower, said Frank Nero, president of the Miami-Dade Beacon Council. The news is a blow not only because of the lost jobs themselves but also because Nero's agency has been targeting life sciences companies and jobs fo

Anytime you're going to have a loss of that many jobs, it's significant   -Frank Nero

 

Large-scale mergers often plague the "winning" bidder with what academics call the " Winner's Curse ." The winner's curse takes place when a bidder does indeed win the object for which he or she was bidding, but the value of that object turns out to be less than what was bid for it. What's a recipe for a winner's curse in an M&A situation?

won't chase this deal to a price that doesn't make sense for the company   -Bill Weldon

 

Local tech veteran Jon McGrath has been named president and chief operating officer of Neograft Technologies Inc. in Newport, R.I. McGrath served as president and CEO of LumeRx Inc. between 2005 and 2008. He stepped down in May 2008 amid a series of leadership changes at the Hingham-based startup, which had been moving to commercialize a light-based system for killing stomach bacteria. While there, McGrath completed development of a first-generation product and executed two clinical studies.  

Boston Scientific Corp. said it received approvals in the United States and Europe to market its WallFlex esophageal stent. The Natick-based company (NYSE: BSX) received U.S. Food and Drug Administration and European CE Mark approvals to market the stent for the treatment of malignant esophageal obstructions caused by tumors in patients with esophageal cancer. Patients with obstructions due to esophageal cancer may have difficulty swallowing, , and complete blockages of the esophagus can prevent liqui  

 

A friend of UFC heavyweight champion Brock Lesnar says the ultimate fighter is back at his home in Alexandria, Minnesota, recovering from a bacterial infection. Cancer survivor, 58, wins #1m on Lotto scratchcard - by mistake! November 12th, 2009 LONDON - A British woman couldn't believe her fortune when she won 1million pounds on a Lotto scratchcard that was handed to her by mistake.  

NEW YORK (AP) — A UBS analyst said Wednesday that medical technology stocks are trading at attractive prices, and raised his ratings or price targets on nine of them. Analyst Bruce Nudell upgraded shares of medical device maker Boston Scientific Corp. and orthopedic implant maker Zimmer Holdings Inc. to "buy" from "neutral." He said stock prices throughout the sector should improve as expectations on health care reform become more concrete and less negative.  

When we posted on Nov. 12 about the flurry of margin calls at Boston Scientific Corp. (BSX) , there was no way to know that the pace of involuntary stock sales would continue. As a historical recap: Michelle noted in her post last week that company co-founders Peter Nicholas and John Abele sold off over 30 million shares of BSX stock last fall; they sold millions more shares of the stock earlier this year. Fast forward to this month….  

NEW YORK, Nov. 18 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue. Drug-Eluting Stents - Global Market Opportunities http://www.reportlinker.com/p0164240/Drug-Eluting-Stents---Global-Market-Opportunities.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=prnewswire Increasing acceptance of stents as viable treatment option, expanding patient population seeking drug-eluting stents, and higher reimbursement coverage are key  

Medtronic Inc. ( MDT - Analyst Report ) recently launched a new TSRH 3Dx Spinal System, which is a hook, rod and screw system used in complex spinal procedures. The system offers two screws designed to address multiple pathologies. The Multi Planar Adjusting (MPA) Screw gives surgeons the flexibility of a variable angle posted screw for targeted, controlled correction maneuvers.