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Becton, Dickinson Completes Enrollment in Lutonix DCB Trial
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Becton, Dickinson and Company (BDX - Free Report) , popularly known as BD, recently announced the completion of enrollment in the Lutonix below-the-knee trial. The trial is a prospective, multicenter, randomized, controlled one that demonstrates superior efficacy of the Lutonix 014 Drug Coated Balloon (DCB) compared with standard angioplasty balloon catheters.
DCB Platform at a Glance
DCB is a special category of Balloon Angioplasty that is used to treat coronary and peripheral artery diseases.
Lutonix DCB platform treats severe claudication and critical limb ischemia patients who are suffering from stenotic or occlusive lesions in the below-the-knee arteries.
3 Reasons Why Lutonix 014 DCB Will Drive Growth
Exclusivity
The Lutonix below-the-knee trial is the only DCB trial for below-the-knee arteries in the United States and the platform has enrolled more than 450 patients over the past four years. BD plans to submit the pre-market approval application for Lutonix below-the-knee trial in late 2018.
Fortifies BD’s International Foothold
The Lutonix 014 DCB product has been made commercially available in the countries of Europe, Canada and Australia for treatment of the arteries associated with CLI since 2013. CLI is a detrimental arterial disease that reduces blood flow to the lower leg arteries. An estimated 2 million people in the nation have been suffering from CLI. The number is estimated to grow to nearly 2.8 million by 2020. Thus, the company’s customer base is expected to expand in course of time.
Lucrative Markets
BD’s consistent focus on expanding into emerging overseas markets, new product launches and acquisition-driven strategy are significant growth catalysts. Also, the latest development in the Balloon Angioplasty markets is likely to enhance the company’s growth trajectory.
Per a research report by Grand View Research, the global angioplasty balloon market is expected to reach a worth of $2.9 billion by 2024. Further, Drug-eluting balloons is expected to be the fastest growing segment during the forecast period, courtesy of favorable tidings on the regulatory front, advantages over standard normal balloons, and low cost effectiveness.
Shares Shine
In the last year, BD has outperformed the industry in terms of price performance. The company’s shares have returned 36.7%, comparing favorably with the industry’s gain of just 29%. In fact, the current return is relatively higher than the S&P 500 index’s rally of 26.4%.
Zacks Rank & Other Key Picks
BD has a Zacks Rank #2 (Buy).
Other top-ranked stocks in the broader medical sector are Integer Holdings Corporation (ITGR - Free Report) , Bio-Rad Laboratories, Inc. (BIO - Free Report) and Intuitive Surgical, Inc. (ISRG - Free Report) .
Integer Holdings has a long-term expected earnings growth rate of 15%. The stock carries a Zacks Rank #2.
Intuitive Surgical has a long-term expected earnings growth rate of 9.2%. The stock carries a Zacks Rank #2.
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Becton, Dickinson Completes Enrollment in Lutonix DCB Trial
Becton, Dickinson and Company (BDX - Free Report) , popularly known as BD, recently announced the completion of enrollment in the Lutonix below-the-knee trial. The trial is a prospective, multicenter, randomized, controlled one that demonstrates superior efficacy of the Lutonix 014 Drug Coated Balloon (DCB) compared with standard angioplasty balloon catheters.
DCB Platform at a Glance
DCB is a special category of Balloon Angioplasty that is used to treat coronary and peripheral artery diseases.
Lutonix DCB platform treats severe claudication and critical limb ischemia patients who are suffering from stenotic or occlusive lesions in the below-the-knee arteries.
3 Reasons Why Lutonix 014 DCB Will Drive Growth
Exclusivity
The Lutonix below-the-knee trial is the only DCB trial for below-the-knee arteries in the United States and the platform has enrolled more than 450 patients over the past four years. BD plans to submit the pre-market approval application for Lutonix below-the-knee trial in late 2018.
Fortifies BD’s International Foothold
The Lutonix 014 DCB product has been made commercially available in the countries of Europe, Canada and Australia for treatment of the arteries associated with CLI since 2013. CLI is a detrimental arterial disease that reduces blood flow to the lower leg arteries. An estimated 2 million people in the nation have been suffering from CLI. The number is estimated to grow to nearly 2.8 million by 2020. Thus, the company’s customer base is expected to expand in course of time.
Lucrative Markets
BD’s consistent focus on expanding into emerging overseas markets, new product launches and acquisition-driven strategy are significant growth catalysts. Also, the latest development in the Balloon Angioplasty markets is likely to enhance the company’s growth trajectory.
Per a research report by Grand View Research, the global angioplasty balloon market is expected to reach a worth of $2.9 billion by 2024. Further, Drug-eluting balloons is expected to be the fastest growing segment during the forecast period, courtesy of favorable tidings on the regulatory front, advantages over standard normal balloons, and low cost effectiveness.
Shares Shine
In the last year, BD has outperformed the industry in terms of price performance. The company’s shares have returned 36.7%, comparing favorably with the industry’s gain of just 29%. In fact, the current return is relatively higher than the S&P 500 index’s rally of 26.4%.
Zacks Rank & Other Key Picks
BD has a Zacks Rank #2 (Buy).
Other top-ranked stocks in the broader medical sector are Integer Holdings Corporation (ITGR - Free Report) , Bio-Rad Laboratories, Inc. (BIO - Free Report) and Intuitive Surgical, Inc. (ISRG - Free Report) .
Bio-Rad Laboratories flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The company has a long-term expected earnings growth rate of 25%.
Integer Holdings has a long-term expected earnings growth rate of 15%. The stock carries a Zacks Rank #2.
Intuitive Surgical has a long-term expected earnings growth rate of 9.2%. The stock carries a Zacks Rank #2.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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