Moderna continues to be the most shorted S&P 500 healthcare stock in September
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 15 2024
0mins
Short Interest Trends: Short interest for healthcare stocks in the S&P 500 increased at the end of September, with Moderna being the most shorted stock for the third consecutive month.
Sector Performance: Despite the rise in short interest for individual stocks, the average short interest for the S&P 500 Health Care Index Sector decreased.
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Analyst Views on BSX
Wall Street analysts forecast BSX stock price to rise
22 Analyst Rating
22 Buy
0 Hold
0 Sell
Strong Buy
Current: 57.150
Low
94.00
Averages
108.14
High
132.00
Current: 57.150
Low
94.00
Averages
108.14
High
132.00
About BSX
Boston Scientific Corporation is a global developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties. The Company's MedSurg segment includes Endoscopy, Urology, and Neuromodulation. Its Endoscopy business develops and manufactures devices to diagnose and treat a range of gastrointestinal conditions with less-invasive technologies. Its Urology business develops and manufactures devices to treat various urological conditions for both male and female anatomies, including kidney stones, benign prostatic hyperplasia, prostate cancer, erectile dysfunction, and incontinence. Its Neuromodulation business develops and manufactures devices to treat various neurological movement disorders and manage chronic pain. Its Cardiovascular segment includes Cardiology and Peripheral Interventions. The Cardiology includes interventional cardiology therapies, watchman, cardiac rhythm management, and electrophysiology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Outstanding Safety Metrics: The trial demonstrated a nearly 93% freedom rate from major adverse cardiac events (MACE) at 30 days, significantly exceeding the company's target of 86%, thereby establishing a solid foundation for market introduction.
- Impressive Effectiveness: The SEISMIQ 4CE catheter achieved a procedural success rate of approximately 94%, successfully delivering stents with no in-hospital MACE, further validating its reliability in clinical applications.
- Regulatory Submission Support: Boston Scientific's Chief Medical Officer noted that the data presented today serves as pivotal evidence to support the regulatory submission for the SEISMIQ 4CE catheter, indicating a promising market outlook for the product.
See More
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- High Success Rates: The FRACTURE trial demonstrated that the SEISMIQ™ 4CE catheter achieved low rates of major adverse cardiac events within 30 days, with successful stent delivery in all patients, underscoring the device's safety and effectiveness.
- Patient Recruitment: A total of 420 patients with severe coronary artery disease were enrolled in the trial, with all participants to be followed for two years post-procedure, ensuring the long-term validity and reliability of the data.
- Technological Innovation: The SEISMIQ 4CE catheter employs laser energy to generate acoustic waves that effectively fracture calcium, significantly improving stent implantation success rates and potentially offering new treatment options for complex percutaneous coronary interventions.
- Broad Market Potential: As the prevalence of coronary artery disease rises, the adoption of IVL therapy is rapidly increasing, and the data from the FRACTURE trial will provide crucial support for regulatory submissions of the SEISMIQ 4CE catheter, potentially driving further advancements in this field.
See More
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- Clinical Trial Success: Boston Scientific's FRACTURE trial demonstrated a 93.3% freedom from major adverse cardiac events in 420 patients with severe coronary artery disease, exceeding the expected target of 86.2%, showcasing the safety and efficacy of the SEISMIQ 4CE catheter.
- High Procedural Success Rate: The trial achieved a procedural success rate of 93.7%, with successful stent delivery and a final residual stenosis of less than 50%, not only meeting the primary effectiveness endpoint but also providing new options for complex interventional procedures.
- Innovative Device: The SEISMIQ 4CE catheter employs laser energy to generate acoustic waves that effectively fracture calcium, ensuring optimal stent expansion and improving blood flow, highlighting the device's potential in treating severely calcified lesions.
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See More
