FMP

FMP

Enter

Boston Scientific Corporation's Strategic Moves and Insider Transactions

- (Last modified: Nov 26, 2024 9:34 AM)

twitterlinkedinfacebook
blog post cover photo

Image credit: Google Images

  • Boston Scientific Corporation (NYSE:BSX) sells 14,010 shares by Executive VP, indicating potential insights on the company's future.
  • The acquisition of Intera Oncology® Inc. aims to enhance Boston Scientific's interventional oncology offerings, focusing on liver-dominant metastases in colorectal cancer patients.
  • Financial indicators such as a price-to-earnings (P/E) ratio of 73.47 and a debt-to-equity ratio of 0.53 reflect investor expectations and the company's financial health.

Boston Scientific Corporation (NYSE:BSX) is a global leader in the development and manufacturing of medical devices. The company focuses on providing innovative solutions across various medical fields, including interventional cardiology, endoscopy, and neuromodulation. Boston Scientific competes with other major players in the medical device industry, such as Medtronic and Johnson & Johnson.

On November 25, 2024, Butcher Arthur C, Executive Vice President and Group President for MedSurg & APAC at Boston Scientific, sold 14,010 shares of the company's common stock at approximately $89.27 each. This transaction leaves him with 978 shares. Such insider transactions can sometimes provide insights into the executive's perspective on the company's future performance.

Boston Scientific recently announced a definitive agreement to acquire Intera Oncology® Inc., a move aimed at expanding its interventional oncology offerings. Intera Oncology provides the Intera 3000 Hepatic Artery Infusion Pump and the chemotherapy drug floxuridine, both FDA-approved. This acquisition is expected to enhance Boston Scientific's capabilities in treating liver-dominant metastases, a condition affecting many colorectal cancer patients.

The acquisition aligns with Boston Scientific's strategic goals, as approximately 1.4 million people in the U.S. live with primary colorectal cancer, with over 150,000 new cases diagnosed annually. For nearly 25% of these patients, the cancer spreads to the liver. By integrating Intera Oncology's products, Boston Scientific aims to offer more effective treatments for these patients.

Financially, Boston Scientific has a price-to-earnings (P/E) ratio of 73.47, indicating high investor expectations for future growth. The company's price-to-sales ratio is 8.27, and its enterprise value to sales ratio is 8.82. With a debt-to-equity ratio of 0.53, Boston Scientific maintains a moderate level of debt, while a current ratio of 1.48 suggests adequate liquidity to cover short-term liabilities.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title

May 27, 2024 3:30 PM - Rajnish Katharotiya

The best 5 GPU stocks other than NVDA

In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep