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Boston Scientific expecting 20%-plus sales growth despite near-term absence from stent market.

This article was originally published in The Gray Sheet

Executive Summary

BOSTON SCIENTIFIC PROJECTING 20%-PLUS REVENUE GROWTH IN 1998 despite the negative top-line impact likely to stem from the firm's absence from the $1 bil. U.S. coronary stent market. The company, which generated sales of nearly $1.9 bil. in 1997, hopes to enter the stent market by June with the NIR ON Ranger stent system; a premarket approval application was submitted on Jan. 28 ("The Gray Sheet" Feb. 2, In Brief).
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