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Unexpectedly strong ICD sales for Medtronic buoy Boston Scientific

November 19, 2013 By Mass Device

Shares of Boston Scientific gain after Medtronic’s fiscal 2nd-quarter results reveal higher-than-expected sales for its implantable cardioverter defibrillators.

UPDATE: Unexpectedly strong ICD sales for Medtronic buoys Boston Scientific

Medtronic posted stronger-than-expected U.S. sales growth for its implantable cardioverter defibrillators, buoying shares of ICD rival Boston Scientific.

Medtronic’s U.S. ICD sales grew 3.9% during its fiscal 2014 2nd quarter ended Oct. 25, rising to $427 million compared with $411 million during Q2 2013. International ICD sales also grew, rising 2.9% to $286 million, for worldwide ICD sales growth to $713 million, or 3.5%.

“Second-quarter revenue from ICDs was $713 million, an increase of 4 percent on a constant currency basis in a market that continues to show a trend toward stabilization,” Medtronic said.

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  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
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    • Digital Editions
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  • 2022 Leadership in MedTech
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