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Strategies & Market Trends : Speculating in Takeover Targets

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To: richardred who wrote (927)	12/8/2005 9:22:44 AM
From: richardred	Read Replies (2) of 7243

This could be a plus for Datascope! Boston Scientific recalls artery devices Thursday December 8, 9:14 am ET CHICAGO (Reuters) - Boston Scientific Corp.(NYSE:BSX - News) said on Thursday it was voluntarily recalling all of its Flextome Cutting Balloon systems, products used to help cut through fatty deposits in diseased arteries, because of a malfunction that could require additional surgery. The company said it was recalling about 40,000 devices and said the move does not affect patients who have received treatment with the recalled products. Boston Scientific said it was working with the U.S. Food and Drug Administration and was notifying officials in other countries of the recall. The cutting balloon system is used to open blocked arteries or vessels. It consists of an angioplasty balloon equipped with microsurgical blades that cut through fatty deposits, allowing the balloon to dilate the vessel. The company said it started the recall because it determined the delivery catheter could separate during removal of the device. The company has received a total of eight complaints, of which three required surgery. The recall involves the Flextome cutting balloon delivery system and the Peripheral cutting balloon microsurgical dilatation system. No other Boston Scientific cutting balloon products are affected. The products were distributed to hospitals worldwide and the company is notifying affected hospitals. The systems generated revenue of $13 million year to date in 2005 biz.yahoo.com

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