Small Business Resources, Business Advice and Forms from AllBusiness.com

Profits at Medical-Device Maker Guidant Decline 26 Percent.

By Jeff Swiatek, The Indianapolis Star Knight Ridder/Tribune Business News

Oct. 17--Guidant Corp.'s sales hit a record high $938 million in the third quarter, but profit fell 26 percent from a year ago as competing drug-coated heart stents cut into Guidant's once-dominant bare-metal stent business.

The Indianapolis medical device maker said sales of its stents fell 14 percent, to $200 million, in the latest quarter from the year-ago period, and U.S. stent sales now contribute just 10 percent of total sales.

A new type of stent by Johnson & J

In addition, make sure to read these premium articles also available with your free trial:

T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

Free AllBusiness Articles

  • Legal hit fails to dislodge Guidant stock
    • Litigation fees crushed Guidant Corp. earnings and led to a $97 million, secondquarter loss, according to the company's latest filing with the Securities and Exchange Commission. But strong sales and stock prices have investors lining up to compliment the Indianapolis-based medical device manufacturer. The corporation incurred a $422 million charge, ......
  • An exploratory investigation of the impact of culture on sales force management control systems in Europe.
    • The topic of sales force control systems has attracted much attention over the past decade (e.g., Anderson and Oliver 1987; Challagalla and Shervani 1996; Cravens et al. 1993; Darmon 1998; Oliver and Anderson 1994, 1995). Defined as a set of procedures for monitoring, directing, evaluating, and compensating sales personnel (Anderson ......
  • Guidant prepares new stent rollout
    • Guidant Corp. is more than keeping up with the hectic pace of the cardiovascular and vascular device industry. As Guidant prepares to launch its next-generation coronary stent in Europe around May 22, its older sibling - released in the United States late last December - is dominating the $2 billion ......
  • Guidant suffered setbacks, but firm isn't wounded prey
    • Guidant Corp. has suffered its share of tribulations. A year ago, it paid a $92 million fine to settle criminal cover-up charges against one of its medical-device subsidiaries, and the company has suffered repeated failures trying to bring to market a next-generation coronary stent. But make no mistake: If Guidant ......
  • Put on your private paramedic
    • Pittsburgh—Defibrillators are medical devices that deliver life-saving shocks to help jolt failing hearts back to normal function. According to a study sponsored by medical device manufacturer Guidant (Indianapolis, IN), implantable cardioverter defibrillators (ICDs) offer a 30% reduction in fatality rates. Consequently, an estimated 60,000 new implanted defibrillators are installed each ......
  • Boston Scientific swallows Guidant
    • Massachusetts-based Boston Scientific Corp. finally sealed its purchase of Indianapolis medical device maker Guidant Corp. in April. But it was still paying a price for the $27-billion deal as 2006 wound to a close. Boston Scientific shares have tumbled since the deal closed, partly because of concern that its signature ......
  • Guidant study could boost defibrillator sales
    • A Guidant Corp. study recommending new guidelines in which twice as many heart patients would be eligible to have defibrillators implanted in their chests could prove profitable for the Indianapolis-based medical-device maker. The joint standards-writing committee of the American College of Cardiology, American Heart Association and the North American Society ......

Forms

Blogs

Related Topics
Tools

Sponsored Links

Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.