May 28 (Reuters) - Boston Scientific ( BSX ) said on
Wednesday it has discontinued sales of its heart device in the
European Union and will not seek approval in the U.S. and other
markets due to increased clinical and regulatory requirements.
The devices had obtained the EU's CE-mark and were sold
under the brands Acurate Prime and Acurate neo2 to restore
normal blood flow in patients with severe aortic stenosis, a
condition where the heart's aortic valve is narrowed or blocked.
At least three analysts said sales of the devices, called
transcatheter aortic valve replacement (TAVR), were declining in
the EU after a study last year showed Acurate neo2 failed to
meet the main goal of non-inferiority to other TAVR devices.
This was a "wise move in our opinion in thinking about
resource management," Citi analyst Joanne Wuensch wrote in a
client note.
The company said recent discussions with U.S. and other
regulators resulted in increased requirements for approvals, and
the resources and investments necessary to meet them were
"prohibitive".
The requirements "included the need for a new randomized
clinical trial, establishment of registries and other extensive
post-market surveillance activities," a company spokesperson
told Reuters.
Heart devices such as pacemakers and stents account for a
substantial portion of Boston Scientific's ( BSX ) revenue.
The Massachusetts-based company's key growth drivers include
its stroke prevention device, Watchman, and Farapulse, which
uses short high-voltage pulses to treat certain abnormal heart
rhythm conditions.
The company said it expects to meet second quarter and
full-year sales and adjusted profit forecast outlook despite the
anticipated financial hit from the decision.
Boston last month forecast 2025 adjusted profit per share in
the range of $2.87 to $2.94.