Back to top

Analyst Blog

Medical devices major, St. Jude Medical Inc. (STJ - Analyst Report) has enrolled the first patient for its Ilumien I clinical study. The study is intended to guide physicians about the optimal way to use the Ilumien integrated Fractional Flow Reserve (FFR) and Optical Coherence Tomography (OCT) platform to treat coronary artery diseases.

The Ilumien study will enroll roughly 500 patients in 40 centers across the world. The results of the observational study will be used to develop stent guidance parameters to accomplish Percutaneous Coronary Intervention (PCI) optimization and enhance clinical outcomes.

OCT is an intravascular imaging technology used by doctors for high resolution imaging of vessel structures in numerous coronary interventions. The FFR technology, an index that identifies and measures the severity of coronary artery narrowing, can be measured by St. Jude’s PressureWire Aeris, a wireless interventional tool.

The ILUMIEN PCI Optimization System from St. Jude, featuring the unique OCT-FFR combination, provides cardiologists with comprehensive information to assess and determine the lesions that warrant coronary interventions, resulting in better treatment outcomes. The Ilumien system received both the Food and Drug Administration (FDA) and CE Mark approvals in 2011.

St. Jude reckons FFR and OCT, the two exciting emerging technologies, as the most important growth drivers in its vascular business. While the company is battling pressure in the Implantable Cardioverter Defibrillator (ICD) market due to the Durata lead issue, we believe that positive results from the Ilumien I clinical trial should boost the Cardiovascular and Ablation Technology Division at St. Jude.

However, the company continues to have a substantial market share in the worldwide CRM market along with Boston Scientific Corporation (BSX - Analyst Report) and Medtronic Inc. (MDT - Analyst Report). St. Jude has maintained a robust growth rate over the past decade. We believe that new product development and penetration into emerging markets will drive long-term growth for the company.

We currently have a long-term ‘Neutral’ recommendation on St. Jude, which carries a short-term Zacks #3 Rank (Hold rating).
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SUPER MICRO… SMCI 27.00 +10.25%
CANADIAN SO… CSIQ 38.34 +8.18%
BANCO DO BR… BDORY 16.78 +8.05%
CENTURY ALU… CENX 26.97 +7.97%
WILLDAN GRO… WLDN 11.38 +5.86%