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Boston Scientific Announces Five-Year, $150 Million Investment in China to Accelerate Commercial Expansion
Date:7/27/2011

esident and Chief Executive Officer of Boston Scientific.  "By establishing a strong local manufacturing foundation and supporting infrastructure, we believe we will be better positioned to become a leading medical device company in China, serving the population's burgeoning healthcare needs with innovative products and treatment options.  Achieving that goal, however, requires expanding our commercial footprint in terms of size, scale and scope."

Winning Global Market Share Winning global market share represents the "W" of Boston Scientific's POWER business strategy.  This new investment, along with current investments of $30 to $40 million through 2011 in Emerging Markets such as China, Brazil and India, clearly reflect the POWER strategy in action. In China, the Company's growth-acceleration strategy is evident in its current and planned business activities, which include:  

  • Receipt of registration approval for the PROMUS Element™ Everolimus-Eluting Platinum Chromium Coronary Stent from the State Food and Drug Administration of the People's Republic of China in May 2011 and an expected launch of the product in the fourth quarter of 2011.
  • Start of patient enrollment in January 2011 of the PLATINUM China clinical trial designed to evaluate the Company's PROMUS Element™ Stent compared to the TAXUS® Liberte® Paclitaxel-Eluting Coronary Stent in the treatment of patients with a single de novo atherosclerotic lesion.  The trial involves 500 local patients at 15 sites in China.
  • Launch of the ALTRUA™ pacemaker in April 2011, the first Boston Scientific-branded Cardiac Rhythm Management (CRM) device to be registered in China.
  • Introduction of the IVUS (Intravascular Ultrasound) Academy, a physician education program offering IVUS training across China, in May 2011.
  • Establishment of a Technology Center in Shanghai focused on developing products to meet the unique
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  • SOURCE Boston Scientific Corporation
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