Boston Scientific's Single-Use Duodenoscope Hits European Markets After US Clearance
Executive Summary
After getting the greenlight to sell the Exalt D single-use duodenoscopes in the US, Boston Scientific has received a CE mark for the device in Europe. The first of its kind, the surgical diagnostic device is intended to help reduce risks of infections.
You may also be interested in...
Boston Scientific Remains On Track For Return To Growth By 2021
The company’s sales declined 29% in the second quarter of 2020 due to the pandemic, but sales trends indicate the start of a worldwide recovery across all of Boston Scientific’s businesses.
Boston Scientific Expects Up To $40M Impact In Q1 From Coronavirus Outbreak; 10%-12% Revenue Increase For 2020
Boston Scientific said in an earnings call it expects the coronavirus outbreak may lead to a $10m to $40m loss in first-quarter sales as a result of lower procedures volumes and disrupted supply chains in China. For the fourth quarter, Boston Scientific reported $2.9bn in sales.
‘Right Product, Right Time:’ FDA Clears Boston Scientific's Single-Use Duodenoscope
Amid concerns of infections from duodenoscopes that are not sufficiently re-sterilized, the US FDA has cleared Boston Scientific’s Exalt-D as a the first single-use duodenoscope. Investors expect the device will likely take a significant chunk of the market, especially considering the next competitor is at least a year away.