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Guidant Recalls More Pacemakers, Merges with Boston Scientific

Boston Scientific and Guidant announce they signed a $27B merger agreement, so Boston Scientific’s latest bid finally — save for additional last-minute drama — overcame Johnson & Johnson’s deal. Pending FDA and EU approval, this will be the biggest merger ever in the medical device industry, creating a $9B annual turnover company. Those doubting the […]

Guidant Bid War Sure Sign of Medical Device Sector Boom

The New York Times explains how the bid war between J&J and Boston Scientific to buy troubled Guidant (Boston Scientific just upped its bid to $27B) illustrates the increasing attractiveness of the medical device sector, as compared to the economy as a whole and to other health-related activities such as drug manufacturing specifically. With the […]

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