Back to top

Analyst Blog

Recently announced, medical device major Boston Scientific Corporation (BSX - Analyst Report) began patient enrollment for its INTREPID trial in the U.S. with the first implantation of its Vercise DBS System.

The INTREPID trial will analyze the clinical efficacy of its Vercise DBS System for the treatment of Parkinson’s disease. This forthcoming clinical study conducted by Boston Scientific is a multi-center, double-blind, randomized and control study to assess the motor functions in affected patients.

The Vercise DBS System won the European CE Mark approval in the third quarter of 2012. Boston Scientific also gained the Australia Therapeutic Goods Administration (TGA) clearance for the system. The company had earlier revealed plans to initiate a clinical trial for the treatment of Parkinson’s disease in the U.S. in 2013.

According to findings from World Health Organization (WHO) and Parkinson's Disease Foundation, Parkinson’s disease is a progressive neurodegenerative disorder that plagues over a million individuals in the U.S. and about 7-10 million individuals across the globe.

The emerging DBS therapy is a part of Boston Scientific’s neuromodulation business. Last month, Boston Scientific gained the CE Mark approval in Europe for its GUIDE DBS System. Given the untapped market opportunity, commercialization of DBS systems should accelerate growth for the neuromodulation franchise.


As per the company’s estimates, the global DBS market could exceed $700 million by 2017 based on 10% CAGR. The commercialization of innovative offerings to expand portfolio should bolster revenues to achieve Boston Scientific’s target of $50 million in revenues from DBS therapy by 2017.

Currently, the stock carries a Zacks Rank #3 (Hold). The company’s peers such as Medtronic Inc. (MDT - Analyst Report) and St. Jude Medical (STJ - Analyst Report) are also major players in the DBS market. While we have a neutral stance on these med-tech majors, Haemonetics Corporation (HAE - Analyst Report), carrying a Zacks Rank #1 (Strong Buy) is worth considering.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SUPER MICRO… SMCI 26.98 +10.17%
CANADIAN SO… CSIQ 38.30 +8.07%
BANCO DO BR… BDORY 16.78 +8.05%
CENTURY ALU… CENX 26.97 +7.97%
WILLDAN GRO… WLDN 11.38 +5.86%