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1、BO S T O NSC I E N T I F I CAN N U A LRE P O R T2 0 0 4For Boston Scientific,2004 was the kind of year few companies have the good fortune to experience.To many,it willbe remembered as the year we executed the most successful product launch in medical device history and becamerecognized as one of th
2、e worlds leading life sciences companies.To the thousands of dedicated employees who personifythe character of Boston Scientific,this is just one episode in a larger story.It is the story of a company where peopledefine success as improving patient care while achieving marketplace results.When you b
3、elieve that what you do has the power to positively affect lives,you must believe in doing it right.Its acombination of ethics and performance:making the right choices,then executing on those choices with focus,creativity and a dedication to good science.In this 2004 Annual Report marking our 25th y
4、ear,we reflect on the principles that have carried us to this point,and thatwill continue to guide our way for the next 25 years.On the front cover,a scanning electron microscope reveals the elegant geometry of our TAXUSExpresspaclitaxel-eluting coronary stent.WHEN YOU BELIEVE IN WHAT YOURE DOING,YO
5、U BELIEVE IN DOING IT RIGHT.Stay true to your mission6Collaborate with people who share your goals10Nurture innovation wherever you find it16Commit to delivering on every promise20Strive to shape the future26Letter to shareholders and employees2Consolidated financial statements322004 Annual ReportPe
6、te Nicholas,Chairman of the Board,and Jim Tobin,President and Chief Executive Officer3 3TO OUR SHAREHOLDERS AND EMPLOYEES:Twenty-five years ago,Boston Scientific was founded on the premise that less-invasivemedicine could improve patients lives while reducing risk,trauma,cost,proceduretime and the n