The two companies each have facilities in Puerto Rico due in part to the U.S. territory’s favorable corporate tax climate.
Thermo Fisher Scientific and Boston Scientific, the state’s largest medical device and scientific equipment companies, say they are still grappling with the aftermath of Hurricane Maria, which knocked out power on most of the island.
Like many other device firms nationally, Waltham-based Thermo Fisher (NYSE: TMO) and Marlborough-based Boston Scientific (NYSE: BSX) each have facilities in Puerto Rico due in part to the U.S. territory’s favorable corporate tax climate. With 75 percent of the island still without power and 25 percent without water as of Wednesday — more than a month after Maria made landfall — the industry has been working closely with the FDA to get facilities back online in an effort to prevent shortages of critical products.
