Boston Scientific Corp (BSX)

[mlkrborn]

Boston Scientific announces five-year, $150 mln investment in China to accelerate commercial expansion (BSX) 6.90 : Co announces a new investment that will support the establishment of a local, wholly owned manufacturing facility focused on serving Chinese market needs and developing a world-class training center for Chinese healthcare providers. The training facility will offer instruction on the latest medical device procedures, utilizing therapy-oriented education and a leading-edge, virtual learning, device simulation environment. As a result of this increased investment, as well as current and anticipated initiatives, co now expects to increase its revenues in China to more than $500 mln exiting 2016. The co estimates that its target market in China currently exceeds $1 bln and is growing ~20% annually.