AI English summary of an SEC filing — figures as filed
The company said it is discontinuing worldwide sales of the ACURATE neoneo2 and ACURATE Prime Aortic Valve Systems as of May 28, 2025 and will no longer pursue U.S. FDA approval for ACURATE or approval in other geographies.
Key points
AI summaryThe company said it is discontinuing worldwide sales of the ACURATE neoneo2 and ACURATE Prime Aortic Valve Systems as of May 28, 2025 and will no longer pursue U.S. FDA approval for ACURATE or approval in other geographies.
Boston Scientific said regulators' recent discussions resulted in higher clinical and regulatory requirements to maintain approvals in global markets and to obtain approvals in new regions. It said the additional resources and investments needed to meet these requirements are prohibitive for the company.
The company said that, despite the expected financial impacts from the ACURATE discontinuation, it expects to achieve its Q2 and full-year reported and organic sales and adjusted earnings per share outlook it issued on April 23, 2025, based on information known today.
Boston Scientific said it is not reaffirming its Q2 and full-year GAAP EPS outlook issued on April 23, 2025 at this time. It said it expects to provide more information on the Q2 earnings call.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Boston Scientific Ends Worldwide Sales of ACURATE Aortic Valve Systems
The company said it is discontinuing worldwide sales of the ACURATE neoneo2 and ACURATE Prime Aortic Valve Systems as of May 28, 2025 and will no longer pursue U.S. FDA approval for ACURATE or approval in other geographies.
Source · Based on the filing body and exhibits
Company Explains Reasons for Discontinuation
Boston Scientific said regulators' recent discussions resulted in higher clinical and regulatory requirements to maintain approvals in global markets and to obtain approvals in new regions. It said the additional resources and investments needed to meet these requirements are prohibitive for the company.
Source · Based on the filing body and exhibits
Q2 2025 and Full-Year Sales and Adjusted EPS Outlook
The company said that, despite the expected financial impacts from the ACURATE discontinuation, it expects to achieve its Q2 and full-year reported and organic sales and adjusted earnings per share outlook it issued on April 23, 2025, based on information known today.
Source · Based on the filing body and exhibits
Boston Scientific Withdraws GAAP EPS Guidance Reaffirmation
Boston Scientific said it is not reaffirming its Q2 and full-year GAAP EPS outlook issued on April 23, 2025 at this time. It said it expects to provide more information on the Q2 earnings call.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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