Boston Scientific Invests $1.5 Billion in MiRus for TAVR Market Entry
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 45 minutes ago
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Source: Fool
- Market Entry Strategy: Boston Scientific's $1.5 billion investment in MiRus LLC for a 34% stake positions the company in the transcatheter aortic valve replacement (TAVR) market, projected to grow from $4.5 billion in 2024 to $12.2 billion by 2033, demonstrating its commitment to expansion in the medical device sector.
- Acquisition Potential: This investment not only grants Boston Scientific immediate ownership of one-third of MiRus but also lays the groundwork for a potential 100% acquisition, allowing for an additional $3 billion payment if MiRus's TAVR system meets specific milestones, thereby mitigating investment risks.
- Insider Buying Signal: While 92% of analysts rate Boston Scientific as a buy, the recent purchase of over $500,000 in shares by three directors indicates strong insider confidence in the company's future, further bolstering market sentiment towards the stock.
- Buyback Plan and Growth Outlook: Boston Scientific has also announced a $2 billion accelerated buyback program, signaling management's favorable view of the stock's valuation, while analysts project earnings growth of over 16% annually over the next three to five years, making the current stock price appear attractive.
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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: 57.640
Low
94.00
Averages
108.14
High
132.00
Current: 57.640
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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- Market Share Challenges: CEO Michael Mahoney confirmed at an investor conference that standalone WATCHMAN growth remains a challenge, despite the company holding a 90%-91% market share in that area, indicating that the slowdown poses a significant threat to business performance.
- Confidence in Future Investments: Despite facing short-term challenges, Mahoney reiterated the company's comfort with its guidance ranges for the second quarter and the full year, emphasizing ongoing investments across its businesses to support future growth.
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- Market Entry Strategy: Boston Scientific's $1.5 billion investment in MiRus LLC for a 34% stake positions the company in the transcatheter aortic valve replacement (TAVR) market, projected to grow from $4.5 billion in 2024 to $12.2 billion by 2033, demonstrating its commitment to expansion in the medical device sector.
- Acquisition Potential: This investment not only grants Boston Scientific immediate ownership of one-third of MiRus but also lays the groundwork for a potential 100% acquisition, allowing for an additional $3 billion payment if MiRus's TAVR system meets specific milestones, thereby mitigating investment risks.
- Insider Buying Signal: While 92% of analysts rate Boston Scientific as a buy, the recent purchase of over $500,000 in shares by three directors indicates strong insider confidence in the company's future, further bolstering market sentiment towards the stock.
- Buyback Plan and Growth Outlook: Boston Scientific has also announced a $2 billion accelerated buyback program, signaling management's favorable view of the stock's valuation, while analysts project earnings growth of over 16% annually over the next three to five years, making the current stock price appear attractive.
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