Quantcast

Analyst: Boston Scientific Suspends Device Sales

Monday, 15 Mar 2010 09:34 AM

Share:
More . . .
A    A   |
   Email Us   |
   Print   |

An analyst says Boston Scientific has suspended all sales of its implantable cardioverter defibrillators after finding a documentation error in regulatory filings.

Bernstein senior analyst Derrick Sung says in a research note the error puts the Natick, Mass., medical device maker's devices out of compliance with Food and Drug Administration regulations. He also says the error is tied to documentation. It does not appear to be tied to quality or safety concerns.

Boston Scientific spokesman Paul Donovan could not be immediately reached for comment.

The devices shock the heart to restore a regular rhythm. Sung says their sales make up 15 percent of total company revenue.

© Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
 
Email:
Country
Zip Code:
 
Around the Web
You May Also Like

Emerging Stocks Fall Most in 6 Months on Europe Worries

Wednesday, 23 May 2012 19:04 PM

Emerging-market stocks on Wednesday slid the most in six months as concern deepened that Europe's debt crisis will reduc . . .

Gold Seeks a New 'Buyer’s Bottom'

Wednesday, 23 May 2012 17:26 PM

If you take the contrarian investing view seriously, falling prices are good news. It’s always better to load up on a ha . . .

Gold Sinks 2%, Erasing Year-to-Date Gains

Wednesday, 23 May 2012 14:19 PM

Gold fell more than 2 percent on Wednesday as a wave of selling triggered by better-than-expected U.S. home sales and he . . .

MONEYNEWS.COM
©  Newsmax Media, Inc.
All Rights Reserved