Defibrillators

...Guidant began recalling several thousand pacemakers and Company spokesman Paul Donovan said the company is still making steady progress in resolving that warning letter.

Ethanol feud involves Venezuela, BrazilA pointed disagreement over ethanol was creating friction between Venezuelan President Hugo Chavez and Brazil’s Luiz Inacio Lula da Silva as they joined leaders from across the region today for a South American energy summit.Their dispute — framed by a U.S.-Brazil ethanol agreement and Chavez’s staunch anti-U.S.

politics — appears likely to be a major point of debate at the summit, where Chavez will be seeking support for projects ranging from a regional bank to a natural gas cartel aimed at reducing Washington’s influence in Latin America.The United States and Brazil are the world’s two biggest producers of ethanol — an alcohol-based fuel made from crops such as sugar cane or corn.

They signed...

...The plant was originally owned by Guidant Corp., which Boston Scientific (BSX : BSXNews , chart , profile , more Last: Delayed quote dataAdd to portfolioAnalyst Create alertInsiderDiscussFinancials Sponsored by:, , ) acquired for about $27 billion last year.

Shares were up 7.5% at $16.14 in afternoon trading.

The FDA had issued a warning letter to Guidant on Dec.

22, 2005, after an inspection showed deficiencies in its quality-control systems.

The plant was reinspected between November 9 and December 7 by the FDA and found in compliance, the company said.

The resolution of the warning letter will enable Boston Scientific to pursue regulatory clearance of any new pacemakers or ICDs.

"We are very pleased with the FDA's conclusion," said Jim Tobin, chief executive officer of Boston Scientific.

"This achievement is the result of a lot of hard work by employees across our [cardiac rhythm-management] organization.

"The improvements made to our CRM quality system demonstrate our ongoing commitment to deliver the highest quality products to physicians and the patients they serve," Tobin added.

Guidant ICD sales have been under heavy pressure over the past two years due to a string of high-profile recalls, with an additional one issued last week.

No deaths or injuries were reported with the last recall, which involved batteries running out prematurely in some of the devices.

ICDs are defibrillator devices that are implanted in the chest to help regulate irr...

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HIGHEST RANKED MONEY BLOGS • Dismally • Biiwii.com Notes • TechBuzz • Paul O'Flaherty • Ludwig von Mises Institute More Trading Blogs BREAKING NEWS Show Me All Trading News Small Stocks Market Analysis Stock Alerts Top Stories Boston Scientific Says It Has Resolved CRM Warning Letter Deficiencies - Quick FactsMonday, April 16, 2007; Posted: 01:09 PM (RTTNews) - On Monday, Boston Scientific Corp.

(BSX PowerRating) revealed that it has resolved the deficiencies in the warning letter issued by the U.S.

Food and Drug Administra...