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Boston Scientific says Guidant plant problems fixed

...Food and Drug Administration had issued that company a warning letter about the deficiencies on December 22, 2005.

The FDA reinspected the St.

Paul, Minnesota, plant between November 9 and December 7.Boston Scientific still must resolve a second warning letter affecting other facilities.

The resolution of the FDA problems should put Boston Scientific in a better position to regain share in the market for implantable cardioverter They were up $1.13 at $16.14 in midday New York Stock Exchange trading - far off the $45-a-share levels they reached in 2004."The stock has been so beaten down and battered for so long, investors seem to be looking for any excuse to get involved at these levels," RBC Capital Markets analyst Phil Nalbone said.

Continued...

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