We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Abbott's (ABT) New Positive Data Favors OCT in Stent Implantation
Read MoreHide Full Article
Abbott Laboratories (ABT - Free Report) recently announced late-breaking data from the first-of-its-kind ILUMIEN IV OPTIMAL PCI (ILUMIEN IV) clinical study, a randomized global imaging trial. The results of ILUMIEN IV were presented as a late-breaking clinical trial at the European Society of Cardiology in August and simultaneously published in The New England Journal of Medicine.
Shares of Abbott lost 1.3% till Sep 1 following the company's announcement on Aug 27.
The latest favorable late-breaking data from the ILUMIEN IV clinical study is expected to strengthen Abbott’s foothold in the global vascular space. This, in turn, will likely boost the company’s vascular business under the Medical Devices segment.
Significance of the Data
Currently, coronary angiography (use of X-ray to assess blood vessels) is the standard of care for guidance when physicians implant stents to treat patients with coronary heart disease. The ILUMIEN IV clinical study found that during percutaneous coronary interventions (PCI), guidance with optical coherence tomography (OCT) helps physicians achieve improved stent expansion for a greater minimal stent area, unlike angiography. Per the study, OCT guidance during PCI is associated with a lower risk of stent thrombosis, a potentially fatal complication of PCI procedures.
Per the study’s findings, OCT imaging is expected to provide doctors with additional high-definition images that improve visualization of vessel structure, giving actionable data that translate into patient benefits.
Per an expert associated with the study, the demonstration that stent thrombosis is significantly reduced with OCT is especially important as most patients who develop stent thrombosis die or have a heart attack. OCT guidance was also shown to reduce angiographic complications and lead to better stent implantation.
Abbott’s management feels that the ILUMIEN IV data illustrates the impact that OCT guidance can have when treating patients with complex coronary disease. Management also feels that in those cases, angiography alone will not be able to match the precision provided by OCT to determine a treatment plan.
Industry Prospects
Per a report by Allied Market Research, the global OCT market was valued at $1.2 billion in 2021 and is anticipated to reach $2.9 billion by 2031 at a CAGR of 8.6%. Factors like the rising prevalence of ocular diseases such as cataracts and the growing number of cardiovascular diseases are expected to drive the market.
Given the market potential, the latest favorable late-breaking data is likely to be a significant stepping stone for Abbott’s business.
Notable Developments in Medical Devices Segment
In July, Abbott reported its second-quarter 2023 results, wherein its Medical Device segment registered double-digit organic growth in Diabetes Care, Electrophysiology, Structural Heart and Neuromodulation. Per management, recently launched products and new indications contributed to the strong performance, including Amplatzer Amulet, Navitor, TriClip and Aveir. Abbott’s highly-productive pipeline is likely to position well for its growth in the future.
The same month, Abbott received the FDA’s approval for the AVEIR dual chamber leadless pacemaker system.
In May, Abbott announced that new data presented from an investigator-sponsored European trial — the MONITOR-HF trial — found managing indicated heart failure patients with Abbott's CardioMEMS HF System resulted in a significant improvement in patient-reported quality-of-life scores as early as three months after use with the remote monitoring sensor.
Price Performance
Shares of Abbott have gained 0.3% in the past year compared with the industry’s 0.6% rise and the S&P 500’s 15.1% growth.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Currently, Abbott carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space are DaVita Inc. (DVA - Free Report) , HealthEquity, Inc. (HQY - Free Report) and Integer Holdings Corporation (ITGR - Free Report) .
DaVita, carrying a Zacks Rank #2 (Buy) at present, has an estimated long-term growth rate of 12.7%. DVA’s earnings surpassed estimates in three of the trailing four quarters and missed once, with an average surprise of 21.4%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
DaVita has gained 17.3% against the industry’s 2.4% decline over the past year.
HealthEquity, carrying a Zacks Rank #2 at present, has an estimated long-term growth rate of 22%. HQY’s earnings surpassed estimates in three of the trailing four quarters and missed once, with an average of 9.1%.
HealthEquity has gained 3.8% against the industry’s 11.4% decline over the past year.
Integer Holdings, carrying a Zacks Rank #2 at present, has an estimated long-term growth rate of 12.1%. ITGR’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 8.4%.
Integer Holdings has gained 40.1% compared with the industry’s 6.5% rise over the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Abbott's (ABT) New Positive Data Favors OCT in Stent Implantation
Abbott Laboratories (ABT - Free Report) recently announced late-breaking data from the first-of-its-kind ILUMIEN IV OPTIMAL PCI (ILUMIEN IV) clinical study, a randomized global imaging trial. The results of ILUMIEN IV were presented as a late-breaking clinical trial at the European Society of Cardiology in August and simultaneously published in The New England Journal of Medicine.
Shares of Abbott lost 1.3% till Sep 1 following the company's announcement on Aug 27.
The latest favorable late-breaking data from the ILUMIEN IV clinical study is expected to strengthen Abbott’s foothold in the global vascular space. This, in turn, will likely boost the company’s vascular business under the Medical Devices segment.
Significance of the Data
Currently, coronary angiography (use of X-ray to assess blood vessels) is the standard of care for guidance when physicians implant stents to treat patients with coronary heart disease. The ILUMIEN IV clinical study found that during percutaneous coronary interventions (PCI), guidance with optical coherence tomography (OCT) helps physicians achieve improved stent expansion for a greater minimal stent area, unlike angiography. Per the study, OCT guidance during PCI is associated with a lower risk of stent thrombosis, a potentially fatal complication of PCI procedures.
Per the study’s findings, OCT imaging is expected to provide doctors with additional high-definition images that improve visualization of vessel structure, giving actionable data that translate into patient benefits.
Per an expert associated with the study, the demonstration that stent thrombosis is significantly reduced with OCT is especially important as most patients who develop stent thrombosis die or have a heart attack. OCT guidance was also shown to reduce angiographic complications and lead to better stent implantation.
Abbott’s management feels that the ILUMIEN IV data illustrates the impact that OCT guidance can have when treating patients with complex coronary disease. Management also feels that in those cases, angiography alone will not be able to match the precision provided by OCT to determine a treatment plan.
Industry Prospects
Per a report by Allied Market Research, the global OCT market was valued at $1.2 billion in 2021 and is anticipated to reach $2.9 billion by 2031 at a CAGR of 8.6%. Factors like the rising prevalence of ocular diseases such as cataracts and the growing number of cardiovascular diseases are expected to drive the market.
Given the market potential, the latest favorable late-breaking data is likely to be a significant stepping stone for Abbott’s business.
Notable Developments in Medical Devices Segment
In July, Abbott reported its second-quarter 2023 results, wherein its Medical Device segment registered double-digit organic growth in Diabetes Care, Electrophysiology, Structural Heart and Neuromodulation. Per management, recently launched products and new indications contributed to the strong performance, including Amplatzer Amulet, Navitor, TriClip and Aveir. Abbott’s highly-productive pipeline is likely to position well for its growth in the future.
The same month, Abbott received the FDA’s approval for the AVEIR dual chamber leadless pacemaker system.
In May, Abbott announced that new data presented from an investigator-sponsored European trial — the MONITOR-HF trial — found managing indicated heart failure patients with Abbott's CardioMEMS HF System resulted in a significant improvement in patient-reported quality-of-life scores as early as three months after use with the remote monitoring sensor.
Price Performance
Shares of Abbott have gained 0.3% in the past year compared with the industry’s 0.6% rise and the S&P 500’s 15.1% growth.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Currently, Abbott carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space are DaVita Inc. (DVA - Free Report) , HealthEquity, Inc. (HQY - Free Report) and Integer Holdings Corporation (ITGR - Free Report) .
DaVita, carrying a Zacks Rank #2 (Buy) at present, has an estimated long-term growth rate of 12.7%. DVA’s earnings surpassed estimates in three of the trailing four quarters and missed once, with an average surprise of 21.4%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
DaVita has gained 17.3% against the industry’s 2.4% decline over the past year.
HealthEquity, carrying a Zacks Rank #2 at present, has an estimated long-term growth rate of 22%. HQY’s earnings surpassed estimates in three of the trailing four quarters and missed once, with an average of 9.1%.
HealthEquity has gained 3.8% against the industry’s 11.4% decline over the past year.
Integer Holdings, carrying a Zacks Rank #2 at present, has an estimated long-term growth rate of 12.1%. ITGR’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 8.4%.
Integer Holdings has gained 40.1% compared with the industry’s 6.5% rise over the past year.