Today was a busy news day for ABT. In addition to announcing a $5B share buyback, ABT released data at the TCT conference on Xience and the bioabsorbable stent in development. In head-to-head studies, Xience bested BSX’s Taxus on both MACE and TLR at two years: <a href="http://biz.yahoo.com/prnews/081013/aqm519.html" target="_blank">http://biz.yahoo.com/prnews/081013/aqm519.html</a> ABT’s bioabsorbable stent demonstrated decent results and confirmed bioabsorption in a pilot single-arm study with 30 patients: <a href="http://biz.yahoo.com/prnews/081013/aqm521.html" target="_blank">http://biz.yahoo.com/prnews/081013/aqm521.html</a> I think it’s fair to say that ABT is now generally perceived to be the technology leader in the field of drug-eluting stents.