Boston Scientific Shares Fall Following Cyberattack Disclosure
· Business · CNBC, Wall Street Journal
Medical device manufacturer Boston Scientific reported a cyberattack that is currently disrupting its operations, including the ability to ship products. The company disclosed the incident in an SEC filing, noting that the timeline for full restoration of services remains uncertain. Shares of the company fell 5.8% in premarket trading following the announcement. Analysts suggest that business operations could take several weeks to return to normal, potentially impacting the company's sales growth.
Why it matters
The disruption affects the supply chain of critical medical devices like pacemakers and stents, potentially impacting hospitals and patients relying on these products.
Read the original report — CNBC
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