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Boston Scientific Launches Promus Element™ Stent System In China
Date:10/17/2011

market growth exceeding 20 percent, making it the second-largest DES market worldwide after the United States.

"The Chinese government has announced its intention to spend $125 billion on its healthcare system in the next five years, and the launch of our advanced coronary stenting technology in China reflects our intention to tap into its expanding, promising DES market," said Larry Neumann, Senior Vice President and President, Emerging Markets at Boston Scientific.  "We are making significant investments in our sales, distribution and clinical infrastructure in China and this important launch reflects our goal to win global market share as part of our 'POWER' strategic plan."

In July, the Company's Board of Directors approved a five-year, $150 million investment in China to establish a local, wholly owned manufacturing facility focused on serving Chinese market needs and developing a world-class training center for Chinese healthcare providers.  As a result of this increased investment, as well as current and anticipated initiatives, Boston Scientific indicated in July that it expects to increase its revenues in China to more than $500 million exiting 2016.  The Company also estimated that its target market in China currently exceeds $1 billion and is growing approximately 20 percent annually.

PLATINUM clinical programThe PLATINUM China post-SFDA approval clinical trial is comparing the PROMUS Element Stent to the TAXUS® Liberte® Paclitaxel-Eluting Coronary Stent in the treatment of patients with a single de novo atherosclerotic lesion.  It is a prospective, randomized trial that will enroll 500 patients at 15 sites in China.

In addition, the PROMUS Element Stent is being evaluated in a separate PLATINUM clinical program, which includes five multi-center studies totaling more than 1,800 patients worldwide.  Thirty-day and nine-month clinical and angiographic outcomes presented in Septe
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