Reuters scoops news of Boston Scientific product advisory

Reuters exclusively reported on July 21 that Boston Scientific would issue an advisory to doctors to make them aware of potential problems with three older models of its implantable heart defibrillators. The company found a magnetic switch on the device can get stuck, preventing it from delivering potentially life-saving therapy, a source told Reuters. Analysts cited the Reuters story in research reports, and the company issued a statement the next day confirming the advisory. Reuters also had an exclusive interview with Boston Scientific CEO Ray Elliot, who said this latest action is likely the end of the problems associated with these devices.