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

needs of emerging markets while partnering with local resources and expertise. Opened earlier this year, it is expected that the Center will continue to expand and complement sales growth in the region.  The Company also expanded its sales offices in Shanghai and Beijing in the second quarter, and is planning four additional sales offices, extending the Company's penetration into local geographies across the country.
  • Development of a Chinese Clinical Hub to initiate and support clinical trials in China for locally manufactured devices while providing a regional focus for the Company's global clinical trial portfolio. The hub will coordinate initiatives aimed at optimizing clinical trial execution in China and other markets. Similar hubs are planned in India and Brazil, allowing clinical teams to have closer interaction with local patients, regulators and physicians.

  • "We believe there are significant opportunities to accelerate our growth in China, where our market share is a fraction of what it is in the U.S. and Europe," said Larry Neumann, Senior Vice President and President, Emerging Markets at Boston Scientific.  "Adding to the market potential is the growing affluence of the local population and the Chinese government's commitment to spend $125 billion on its healthcare system in the next five years.  We think the time is right to make additional investments to help fuel our growth, help us win global share, gain access to diverse talent and bring our less-invasive therapies to more patients in China."  

    About Boston ScientificBoston Scientific is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a broad range of interventional medical specialties.  For more information, please visit: www.bostonscientific.com.  

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