Be Still My Beating Heart: Can Heartport Deliver?

After years of working quietly while others promoted the opportunity in minimally-invasive cardiac surgery, Heartport is ready to play. But can it take back the field?

The announcement that Boston Scientific Corp. will pay $1.1 billion dollars for interventional neurology company Target Therapeutics Inc. raised more than a few eyebrows this past January. Admittedly, BSC can pay in a currency—BSC stock—that itself carries an extraordinarily high value. Still, the $1.1 billion is more than 10 times next year's projected sales for Target and more than 20 times this year's sales. Is this a great country or what?

But among the fraternity of small medical-device company CEOs in the San Francisco Bay area where Target is based, BSC's...

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