Would approval of the Nir stent give an immediate upward move to BSX stock price? The news from the Company is that they expect approval any day at the latest mid July. Just curious what others think would happen the moment the news comes out.
Probably will have a short term sell off as in "buy the rumor, sell the news". I think it is very risky for BSX to have pegged mid July as the Nir approval date. Given the vagaries of bureaucrats and bureacracies the fact is, if for whatever reason Nir is delayed beyond that point, the stock may be punished.
If NIR is half as good as they claim, it should help shore them up in the stent market but that's all. There has been too much pre-game hype for 1 new product. A company as big as BSX would not risk all their eggs in one basket. As far as FDA approval, they have been in the industry long enough to know when to make announcements with any degree of confidence. They have historically been investor friendly. Let's hope they don't botch this one.