These big medtech names performed the best in early 2017

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Boston Scientific

[Image courtesy of Boston Scientific]

Boston Scientific: 15%

Boston Scientific has had a busy 1st quarter, investing $45 million in robotic platform maker Corindus Vascular Robotics, putting up $435 million for replacement heart valve developer Symetis and reportedly eyeing a buyout of mitral valve maker Neovasc.
The Marlborough, Mass.–based company has seen share value grow roughly 15% so far in the year, beginning the year at $21.63 and hitting $24.87 on March 31.
The solid share performance comes despite stock values dipping nearly 5% in February after the company announced a voluntary recall of its Lotus transcatheter aortic valve replacement over issues with its locking mechanism.
The company said it reportedly found a “fix” for issues with its Lotus Edge heart valve in January, and is hopeful to file for premarket approval with the FDA some time in May.
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On December 12th, Rowe will sit down with MassDevice editor Brad Perriello for a long ranging discussion about the inside story on how these technologies came to market and what Rowe learned along the way.


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