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Boston Scientific: Plant FDA Compliant... Copyright 2007 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed More On This Topic Companies: BSX -% String xsl=(String) application.getAttribute(com.forbes.cms.Constants.XSL_REP_KEY)+"/story_body_html_trans.xsl"; final TransformerFactory tFactory = TransformerFactory.newInstance(); final Transformer transformer = tFactory.newTransformer(new StreamSource(xsl)); final ByteArrayOutputStream bao = new ByteArrayOutputStream(); byte[] bytes = transformedStoryStr.getBytes(); ByteArrayInputStream input=new ByteArrayInputStream(bytes); InputStream myInput=(InputStream)input; try{ transformer.transform(new StreamSource(myInput), new StreamResult(bao)); }catch (Exception e){ e.printStackTrace(); } transformedStoryS... Boston Scientific Passes FDA Inspection on MN. Plant... However, Boston Scientific still faces a corporate-wide warning letter that prevents the company from receiving FDA approvals for new products. Company spokesman Paul Donovan said the company is still making steady progress in resolving that warning letter. Suggested Searches Related Stories Print-friendly version | Email to a friend Top Health News Boston Scientific Passes FDA Inspection on MN. Plant Boston Scientific Corp. said Monday that the Food and Drug Administration has lifted some warning-letter restrictions following the agency's ... Scientists Map DNA of Research Monkeys Scientists have unraveled the DNA of another of our primate relatives, this time a monkey named the rhesus macaque - and the work has far... Study: Abstinence Classes Don't Stop Sex Students who took part in sexual abstinence programs were just as likely to have sex as those who did not, according to a study ordered by Congress. Weight Loss Through Cookies? Can you really lose weight by eating your favorite food - over and over agai... Boston Scientific Says US Lifts Device Sanctions (Update3)...
The sanctions had barred export or approval of new models of
The Food and Drug Administration lifted
the restrictions after re-inspecting the plant and agreeing to
quality-system improvements, the Natick, Massachusetts-based
company said today in a statement.
Boston Scientific is the second-largest player in the $10
billion worldwide market for 12 months ago for $27.5 billion after
defeating Johnson & Johnson in a bidding war.
``That's good news for them because it lets them introduce
new products, which helps keep them competitive in terms of
market share,'' said Bruce Nudell, an analyst with Sanford C. Bernstein and Co. in New York, in a telephone interview today.
``The warning letter was a reminder of all the regulatory
problems they had and was one more reason doctors would be
reluctant to go back to the brand,'' he said.
Boston Scientific shares rose $1.19, or 7.9 percent, to
$16.20 at 11:24 a.m. in New York Stock Exchange composite
trading. It would be the biggest one-day percentage increase
since February 2005. The stock had fallen 30 percent in the 12
months through April 13.
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