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View Annual Report 2007 ANNUAL REPORT Profile of a Global Leader • One of the world’s largest medical device companies, with $8.357 billion in sales • Sales in more than 100 countries • Portfolio of approximately 13,000 products, many with #1 positions • A global leader in cardiovascular medicine $8,357 $7,821 • #1 worldwide in drug-eluting stent market • 24 million products shipped $6,283 • More than 13,800 patents issued worldwide $5,624 • More than $1 billion invested in R&D A Better Future. LEARN HOW WE’RE BUILDING IT. • 37 manufacturing, distribution and technology centers worldwide $3,476 $2,842 $2,919 $2,664 $2,673 $2,234 $1,831 $1,551 $1,191 $449 $315 $380 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 Revenue in millions | Years Boston Scientific Corporation One Boston Scientific Place Natick, MA 01760-1537 508.650.8000 www.bostonscientific.com Note: Information above is accurate as of December 31, 2007. Copyright © 2008 by Boston Scientific Corporation or its affiliates. All rights reserved. BSCAR2008 32737CVR.indd 1 3/14/08 3:38:46 PM Corporate Information EXECUTIVE OFFICERS AND DIRECTORS Uwe E. Reinhardt, Ph.D. 1,3,5 ANNUAL MEETING John E. Abele Director; Professor of Economics and Public Affairs, The annual meeting for shareholders will take Director; Founder Princeton University place on Tuesday, May 6, 2008, beginning In 2007, Boston Scientifi c made signifi cant progress toward restoring sustainable and more profi table 2,6 at 10:00 a.m. at Harvard Club of Boston, 374 Donald S. Baim, M.D. Warren B. Rudman Commonwealth Avenue, Boston, MA 02215. Executive Vice President, Chief Medical and Scientific Officer Director; Former U.S. Senator; Of Counsel, Paul, Weiss, growth. This progress included a number of initiatives designed to simplify our business and improve Rifkind, Wharton & Garrison; Co-Chair, Stonebridge Brian R. Burns International LLC INVESTOR INFORMATION REQUESTS Senior Vice President, Quality shareholder value. The following are some of our key fi nancial accomplishments for the year: James R. Tobin 4 Investors, stockholders and security analysts seeking 2,4,5 Ursula M. Burns Director; President and Chief Executive Officer information about the Company should refer to the Director; President, Xerox Corporation Company’s website at www.bostonscientific.com or call Investor Relations at 508-650-8555. • Achieved record sales of $8.357 billion, an increase of $536 million • Launched several strategic initiatives designed to enhance short- Fredericus A. Colen CORPORATE HEADQUARTERS Executive Vice President, Operations and Technology, CRM Boston Scientific Corporation or seven percent over 2006 and long-term shareholder value, including: OTHER INFORMATION Nancy-Ann DeParle 2,5 One Boston Scientific Place – The restructuring of several business units Director; Managing Director, CCMP Capital LLC Natick, MA 01760-1537 Copies of the Company’s Annual Report on Form • Maintained our leadership position in the worldwide drug-eluting 508-650-8000 10-K, Quarterly Reports on Form 10-Q, Current stent market, as well as many of our other businesses, delivering – The sale of five non-strategic businesses Paul Donovan 508-647-2200 (Investor Relations Facsimile) Reports on Form 8-K and amendments to those Senior Vice President, Corporate Communications www.bostonscientific.com reports are available free of charge through the record sales in seven of our 10 franchises – The monetization of the majority of our public investment portfolio to J. Raymond Elliott 1,4,5 Company’s website at www.bostonscientific.com. eliminate non-strategic investments Director; Retired Chairman, Zimmer Holdings, Inc. REGIONAL HEADQUARTERS Our Corporate Governance Guidelines, proxy • Grew our non-cardiovascular revenues 14 percent over 2006, including statement and Code of Conduct, which applies Joel L. Fleishman 1,3,5,6 Boston Scientific International S.A. 36 percent revenue growth in our Neuromodulation business, and – Significant expense and head count reductions to all of our directors, officers and employees, Director; Professor of Law and Public Policy, Duke University Paris, France including our Board of Directors, Chief Executive 10 percent revenue growth in our Endosurgery businesses Marye Anne Fox, Ph.D. 1,4 Boston Scientific Japan K.K. Officer and Chief Financial Officer, are also Director; Chancellor, University of California, San Diego Tokyo, Japan available on our website. • Reduced our total debt balance by over $700 million James Gilbert The Company has included as exhibits to its Executive Vice President, Strategy and Business Development KEY FACILITIES annual report on Form 10-K for the fiscal year Ray J. Groves 2,3,6 Brussels, Belgium Mountain View, CA, U.S.A. 2007 filed with the SEC certifications of the Chief Executive Officer and Chief Financial Officer Director; Retired Chairman and CEO, Ernst & Young LLP Clonmel, Ireland Murietta, CA, U.S.A. Cork, Ireland Natick, MA, U.S.A. of the Company certifying the accuracy of the Kristina M. Johnson 2,4,6 Cupertino, CA, U.S.A. Plymouth, MN, U.S.A. Company’s public disclosure, and our annual Director; Provost and Senior Vice President of Academic Dorado, Puerto Rico Quincy, MA, U.S.A. CEO certification for the previous year has been 2007 Sales by Geographic Segment Affairs, The Johns Hopkins University Fremont, CA, U.S.A. Redmond, WA, U.S.A. submitted to the New York Stock Exchange. William H. Kucheman Galway, Ireland San Jose, CA, U.S.A. Inter-Continental Asia Pacific Copies of these reports are also available by (in millions) 2007 2006 2005 2004 2003 Senior Vice President and Group President, Heredia, Costa Rica Spencer, IN, U.S.A. directing requests to: 5% Interventional Cardiology Kawasaki, Japan St. Paul, MN, U.S.A. Investor Relations 14% Kerkrade, The Netherlands Sylmar, CA, U.S.A. Domestic 4,923 4,840 3,852 3,502 1,924 Paul A. LaViolette Boston Scientific Corporation • Letterkeny, Ireland Tullamore, Ireland Chief Operating Officer One Boston Scientific Place 59% • International 3,434 2,981 2,431 2,122 1,552 Maple Grove, MN, U.S.A. Valencia, CA, U.S.A. Natick, MA 01760-1537 22% Sam R. Leno Marlborough, MA, U.S.A. Washington, DC, U.S.A. 508-650-8555 $8,357 $7,821 $6,283 $5,624 $3,476 Executive Vice President for Finance and Information Systems Miami, FL, U.S.A. West Valley, UT, U.S.A. 508-647-2200 (Facsimile) and Chief Financial Officer Miyazaki, Japan [email protected] Ernest Mario, Ph.D. 1,4,5 Europe Director; Chairman and CEO, Capnia, Inc. STOCKHOLDER INFORMATION STOCK LISTING SAFE HARBOR FOR FORWARD-LOOKING William F. McConnell, Jr. Boston Scientific Corporation common stock is STATEMENTS Senior Vice President, Sales, Marketing and traded on the NYSE under the symbol “BSX”. This Annual Report contains forward-looking state- Administration, CRM ments within the meaning of Section 21E of the TRANSFER AGENT Securities Exchange Act of 1934. Forward-looking David McFaul statements may be identified by words like “antici- Senior Vice President, International Inquiries concerning the transfer or exchange of 2007 Sales by Product Category shares, lost stock certificates, duplicate mailings pate,” “expect,” “project,” “believe,” “plan,” “esti- Stephen F. Moreci or changes of address should be directed to the mate,” “intend” and similar words. These forward- 4% (in millions) 2007 2006 2005 2004 2003 Senior Vice President and Group President, Endosurgery Company’s Transfer Agent at: looking statements include, among other things, 18% N.J. Nicholas, Jr. 4 statements regarding our financial performance, our growth strategy, research and development efforts, • Interventional Cardiology 3,117 3,612 3,783 3,451 1,586 Director; Private Investor BNY MELLON SHAREOWNER SERVICES 37% product development and new product launches, 16% • Cardiac Rhythm Management 2,124 1,371 —— —— —— Pete M. Nicholas 480 Washington Boulevard our market position and the marketplace for our Other Cardiovascular 1,320 1,258 1,124 1,039 918 Director; Chairman of the Board, Founder Jersey City, NJ 07310-1900 products including competition, sales efforts, intel- • 1-800-898-6713 25% John E. Pepper 3,4 lectual property matters, our capital needs and 1,479 www.bnymellon.com/shareowner/isd • Endosurgery 1,346 1,228 1,088 972 Director; Co-Chair, National Underground Railroad expenditures, potential acquisitions and divestitures Neuromodulation 317 234 148 46 —— Freedom Center and our debt repayment strategy. Factors that may • INDEPENDENT AUDITORS cause actual results to differ materially from those Kenneth J. Pucel contemplated by the statements in this Annual Ernst & Young LLP $8,357 $7,821 $6,283 $5,624 $3,476 Executive Vice President, Operations Report can be found in our Form 10-K for the year Boston, Massachusetts Lucia L. Quinn ended December 31, 2007 under the heading “Risk Executive Vice President, Human Resources Factors.” These forward-looking statements are based on our beliefs, assumptions and estimates using information available to us at the time and are not intended to be guarantees of future events The cover of our 2007 annual report features computer-aided design drawings of recent Boston Scientifi c technology innovations: our third-generation Information above is accurate as of March 1, 2008. or performance. drug-eluting stent, the TAXUS® Element™ paclitaxel-eluting coronary stent system and our TELIGEN™ implantable cardioverter defi brillator (ICD). 1 Member of the Audit Committee 4 Member of the Finance Committee The PROMUS™ Everolimus-Eluting Coronary Stent System is a private-labeled XIENCE™ Everolimus- 2 Member of the Executive Compensation and Human Resources Committee 5 Member of the Compliance and Quality Committee Eluting Coronary Stent System manufactured by Abbott and distributed by Boston Scientific. XIENCE is The TAXUS Element stent system is an investigational device. Limited by U.S. Federal law to investigational use. Not for sale in the United States. 3 Member of the Nominating and Governance Committee 6 Member of the Committee on Legal Affairs a trademark of Abbott Laboratories group of companies.
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