A bioabsorbable tubular or coil-shaped device with a drug coating intended to be implanted, via a delivery catheter, into a de novo or restenotic native coronary artery during a percutaneous coronary intervention (PCI) to temporarily maintain its patency, typically in patients with symptomatic atherosclerotic heart disease. The drug coating is intended to inhibit restenosis by reducing vessel smooth muscle cell proliferation. The device is made of a material capable of being degraded and absorbed by body tissues (e.g., bioabsorbable polymer) and is designed to remain in the vessel to provide support for the stenosed lesion until it degrades.