We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Integra Partners AI-Driven Data Analytics Firm in Wound Care
Read MoreHide Full Article
Integra LifeSciences Holding Corporation (IART - Free Report) recently struck a crucial partnership deal in the growing field of data analytics pertaining to wound care. The company got associated with Tissue Analytics, which is a developer of AI-powered software solutions for chronic wound management.
However, financial terms of the deal have been kept under wraps.
Is the Deal Strategic Fit?
Integra LifeSciences considers this alliance to be aptly strategic as this is going to combine the company's skill in developing wound repair products with Tissue Analytics' advanced digital capabilities in a clinical trial setting.
Per Integra LifeSciences, the modern health industry is perceiving a massive transformation in clinical trial setting from traditional paper forms to electronic data capture in order to enable better data accessibility, compliance, security and organization. However, lack of quality data available for wound assessment disrupts the system. Accordingly, visual approximations and error-prone ruler measurements are routinely put to use for evaluating conditions like chronic wounds, burns and pressure ulcers.
Against this backdrop, Integra LifeSciences expects its collaboration with Tissue Analytics to add immense value as the latter’s software solutions that employ artificial intelligence, automatically and objectively extract high quality data from clinical images. Tissue Analystics’ objective data capture system used in a multicenter, randomized, parallel-group study, will align with Integra LifeSciences’ trend of using evidence-based practices in its products.
Recent Breakthroughs in Tissue Technologies
Of late, Integra LifeScinces is generating strong revenues within its core tissue portfolio including products like Integra Bilayer Skin, PriMatrix and SurgiMend. The company is currently investing in projects for capacity expansion to support stronger demand for regenerative portfolio following 2018’s channel extension and realignment strategy. These investments are largely complete and are expected to accelerate the company’s Acute Wound Reconstruction and Advanced Wound Care and Surgical Reconstruction businesses during the second half of 2019.
In terms of new product development, the company recently cemented its CUSA Clarity technology platform with the launch of a handpiece in an array of advanced surgical tips. With the aid of CUSA Clarity’s enhanced efficiencies and its leading tissue capabilities, surgeons can now remove both bone and challenging tissues faster than any competitive product in the same space.
Share Price Performance
Shares of the company have underperformed its industry over the past three months. The stock has dipped 0.8% against the 2.3% growth of the industry.
Teleflex’s long-term earnings growth rate is expected to be 13.7%.
Penumbra’s long-term earnings growth rate is projected at 21.5%.
Bruker’s long-term earnings growth rate is estimated at 12.6%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Integra Partners AI-Driven Data Analytics Firm in Wound Care
Integra LifeSciences Holding Corporation (IART - Free Report) recently struck a crucial partnership deal in the growing field of data analytics pertaining to wound care. The company got associated with Tissue Analytics, which is a developer of AI-powered software solutions for chronic wound management.
However, financial terms of the deal have been kept under wraps.
Is the Deal Strategic Fit?
Integra LifeSciences considers this alliance to be aptly strategic as this is going to combine the company's skill in developing wound repair products with Tissue Analytics' advanced digital capabilities in a clinical trial setting.
Per Integra LifeSciences, the modern health industry is perceiving a massive transformation in clinical trial setting from traditional paper forms to electronic data capture in order to enable better data accessibility, compliance, security and organization. However, lack of quality data available for wound assessment disrupts the system. Accordingly, visual approximations and error-prone ruler measurements are routinely put to use for evaluating conditions like chronic wounds, burns and pressure ulcers.
Against this backdrop, Integra LifeSciences expects its collaboration with Tissue Analytics to add immense value as the latter’s software solutions that employ artificial intelligence, automatically and objectively extract high quality data from clinical images. Tissue Analystics’ objective data capture system used in a multicenter, randomized, parallel-group study, will align with Integra LifeSciences’ trend of using evidence-based practices in its products.
Recent Breakthroughs in Tissue Technologies
Of late, Integra LifeScinces is generating strong revenues within its core tissue portfolio including products like Integra Bilayer Skin, PriMatrix and SurgiMend. The company is currently investing in projects for capacity expansion to support stronger demand for regenerative portfolio following 2018’s channel extension and realignment strategy. These investments are largely complete and are expected to accelerate the company’s Acute Wound Reconstruction and Advanced Wound Care and Surgical Reconstruction businesses during the second half of 2019.
In terms of new product development, the company recently cemented its CUSA Clarity technology platform with the launch of a handpiece in an array of advanced surgical tips. With the aid of CUSA Clarity’s enhanced efficiencies and its leading tissue capabilities, surgeons can now remove both bone and challenging tissues faster than any competitive product in the same space.
Share Price Performance
Shares of the company have underperformed its industry over the past three months. The stock has dipped 0.8% against the 2.3% growth of the industry.
Zacks Rank & Key Picks
Integra LifeSciences currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the broader medical space are Teleflex Inc. (TFX - Free Report) , Penumbra (PEN - Free Report) and Bruker Corporation (BRKR - Free Report) , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Teleflex’s long-term earnings growth rate is expected to be 13.7%.
Penumbra’s long-term earnings growth rate is projected at 21.5%.
Bruker’s long-term earnings growth rate is estimated at 12.6%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>